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    OFF-MARKET
    Auto shops

    1896 Adams St, Mankato, MN 56001-6539

    9,918 SF 0.96 ac lot Built 1995
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-1878697
    Property summary
    AI-generated overview

    This exceptional 9,860-square-foot auto center is strategically located in Mankato, Minnesota, at 1896 Adams St., 56001, offering unparalleled visibility and accessibility. Situated on a 0.96-acre lot, this single-building property, constructed in 1996, boasts a prime location adjacent to the River Hills Mall, a major shopping destination attracting over 4.5 million visitors annually. The property's previous use as a tire, battery, and auto shop provides a well-established infrastructure, including a dedicated sales floor, a spacious mechanic shop equipped with eight garage doors, and multiple offices and additional rooms. This high-traffic location benefits from its proximity to US Highway 22 & 14, ensuring excellent exposure to a large customer base. The thriving Mankato-North Mankato MSA, encompassing Blue Earth and Nicollet counties, boasts a population of 103,566, with a broader regional draw of 287,175 people. Mankato's robust economy, fueled by agriculture, healthcare, manufacturing, retail, and higher education, including Minnesota State University, Mankato, contributes to a strong market for this type of commercial property. The city's growth rate significantly outpaces comparable cities, making this a compelling investment opportunity. The asking price for this property is $2,200,000.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1995
    Total area 9,918 SF
    Lot 0.96 ac (41,818 SF)
    APN R01.09.09.426.034
    UPID US46-1878697
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    RIVER HILLS MALL REALTY HOLDING LLC
    RIVER HILLS MALL REALTY HOLDING LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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