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    Property profile & analytics

    2051 Adams St Mankato, MN 56001-6817

    • Hotels
    • 67,009 SF
    • 3.55 lot acres
    OFF-MARKET
    Value Estimation
    $9,170,000
    Last Sale
    Mar 12, 2020
    $8,490,100
    Location Intelligence
    Property ID
    US46-2852709
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coin Operated Laundry / Laundry
    • Holiday Inn Express & Suites Mankato East, an IHG Hotel / Hotel
    • Public Printer / Printing Equipment And Supplies
    • Public Computer / Computer Networking Service

    Property Details for 2051 Adams St

    Year built
    2008
    Lot size
    3.55 lot acres
    Property size
    67,009 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    R01.09.10.376.001
    APU
    R010910376001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,830,000
      6.5%
      $8,460,000
      7%
      $8,835,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,860,000
      Geo Method
      $9,515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,550,000
      Retail
      $9,055,000
      Mixed-Use
      $8,720,000
      Hospitality
      $8,035,000
      Educational
      $9,250,000
      Residential Income
      $9,880,000
      Energy
      $8,040,000
      Income-Based Land
      $10,475,000
      Food Service
      $8,895,000

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9434
    Latitude
    44.1698
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $120,070
    $541,500
    $4,247,000
    $4,788,500
    -
    $541,500
    $4,247,000
    $4,788,500

    Comparable in this City

    • Value Estimation by Request
      64,941 SF

      1900 Premier Dr

      HOTEL/MOTEL • 64,941 SF
      1900 Premier Dr, Mankato, MN 56001-5900
      View Details
    • Value Estimation
      $5,265,000
      99,547 SF

      101 Main St

      HOTEL/MOTEL • 99,547 SF
      101 Main St, Mankato, MN 56001-3502
      View Details
    • Value Estimation by Request
      28,659 SF

      1731 Premier Dr

      HOTEL/MOTEL • 28,659 SF
      1731 Premier Dr, Mankato, MN 56001-6048
      View Details
    • Value Estimation
      $290,000
      6,013 SF

      1727 Riverfront Dr

      HOTEL/MOTEL • 6,013 SF
      1727 Riverfront Dr, Mankato, MN 56001-3281
      View Details
    • Value Estimation by Request
      36,702 SF

      1000 Raintree Rd

      HOTEL/MOTEL • 36,702 SF
      1000 Raintree Rd, Mankato, MN 56001-4890
      View Details
    • Value Estimation
      $2,700,000
      26,428 SF

      200 Saint Andrews Dr

      HOTEL/MOTEL • 26,428 SF
      200 Saint Andrews Dr, Mankato, MN 56001-8584
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Modern industrial facility; ideal distribution/manufacturing.
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      2.46 Acres

      Prairie Winds Commercial Land

      Mankato, MN: Prime 2.46-acre lot.
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      Mankato Commercial Development Land

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    Similar Nearby for Lease

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      726,795 SF

      River Hills Mall Food Court Ste. 620

      Lifestyle centers • 726,795 SF
      1850 Adams St, Mankato, MN 56001
      View Details
    • $6 SF/Yr
      42,410 SF

      Mankato Office & Warehouse Space

      Prime Mankato location, flexible office/warehouse suites.
      1415 1St Ave, Mankato, MN 56001
      View Details
    • $7 SF/Yr
      30,000 SF

      Victory Drive Industrial Space

      Mankato Flex/Warehouse Space Available
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    • $818 /Mo
      3,923 SF

      Emy Frentz Building Office Suite

      Single office suite for nonprofit tenants in downtown Mankato.
      523 S 2Nd St, Mankato, MN 56001
      View Details
    • $220 SF/Yr
      3,300 SF

      Mankato Office Space for Nonprofits

      Office space in Mankato for nonprofit tenants only.
      212 E Walnut St, Mankato, MN 56001
      View Details
    • $11 SF/Yr
      1,250 SF

      Downtown Office Space For Rent

      Modern office space in the heart of downtown.
      200-210 E Walnut St, Mankato, MN 56001
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      3.6k
    • Avg Time on site
      488 min
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    2051 Adams St
    Mankato, MN 56001-6817
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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