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    FOR SALE
    Medical Office Space

    204 Star St, Mankato, MN 56001

    1,916 SF 0.37 ac lot Built 1984
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-1896260
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1984
    Total area 1,916 SF
    Lot 0.37 ac (16,000 SF)
    APN R01.09.09.377.007
    UPID US46-1896260
    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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    Blend (final) Blend
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    Owner & transaction history
    J & J Kalina Properties LLC · 3 yrs held
    J & J Kalina Properties LLC
    since 2022
    2 recorded transactions
    2022
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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