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    Property profile & analytics
    OFF-MARKET Estimated value $990,000
    Strip malls

    201 Victory Dr, Mankato, MN 56001-5396

    64,053 SF 6.22 ac lot Built 1964
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-1963646
    Property summary
    AI-generated overview

    This 4,093 square foot retail space is situated in Victory Center, a well-established Mankato retail center with over 50 years of history. Located conveniently off Victory Drive and Madison Avenue, this property benefits from high visibility and accessibility, with approximately 23,000 vehicles passing daily, according to MNDOT traffic counts. The space currently features a layout suitable for medical use, including four exam rooms, three bathrooms, a waiting area/lobby, a lab, two offices, and ample storage. However, its adaptable design makes it suitable for a variety of retail businesses. The property includes convenient front and back access, sharing the common mall area with anchor tenants MGM liquor and River Bend Business Products. The asking price is $3411. The space is 4,093 square feet, situated on a 6.22-acre lot. The base rent is $10 per square foot per year, plus estimated operating expenses of $6.22 per square foot per year (NNN). This presents a unique opportunity to establish or expand your business in a thriving Mankato location. The property is located at 201 N Victory Drive Unit 211, Mankato, MN.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1964
    Total area 64,053 SF
    Lot 6.22 ac (270,943 SF)
    APN R01.09.17.231.001
    UPID US46-1963646
    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
    Current use
    Occupant on record · Public records
    • MGM Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • ATM Atm
    • Anne Marie Gerber Midwife
    • Anne Gerber Midwife
    • Oz Tobacco Shop (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $990k
    Owner & transaction history
    201 Victory Partners LLC · 6 yrs held
    201 Victory Partners LLC
    since 2020
    5 recorded transactions
    2025
    2025
    2021
    2020
    2020
    $1.3M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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