204 Star St, Mankato, MN 56001
For Sale
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This 3,160 square foot Class C office building, located at 204 Star St., Mankato, MN 56001, is available for $597,000 ($188.92/sq ft). Built in 1984, this freestanding building sits on a 15,935 square foot lot and offers ample parking. The interior features a reception/waiting area with restrooms, seven private offices, three exam rooms, a break area with employee restrooms, a prep area, and substantial storage space. The property is currently vacant and ready for immediate occupancy. The lease type is NNN, with a remaining lease term of approximately 0.5 years (Lease Expiration: 05/31/2025). The inviting landscaping and convenient walk-up parking enhance the property's appeal. This presents a unique opportunity to acquire a well-maintained, standalone office building in a desirable Hilltop Mankato location. The building's previous use as a dental office provides a functional layout adaptable to various professional uses. The property is ready for a new owner and tenant to begin operations immediately.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.