Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

220 E Main St Mankato, MN 56001

FOR LEASE
Office buildings
Property ID
US46-1879884
14,722 SF 0.61 ac lot Built 1949
Last sale Jan 2021 · $160,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property, known as Midtown Square, consists of a professional office building located at the corner of Main Street and Second Street in downtown Mankato, Minnesota, near the US-169 downtown exit at the base of the bridge from US Hwy 169. The surrounding area is the downtown business district, providing access to nearby commercial and civic amenities. The building includes office space within a recently updated professional office structure and has frontage and access suited to a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$34k
Tax billed · 2024
Assessed value$1.26M
Assessed land$160k
Assessed improvement$1.10M
Effective rate2.69%

Value estimate

· Oct 2026
$805k
$725k – $886k
Submarket $/SF estimate$815k
NOI build-up
Gross scheduled income$101k
Vacancy & credit loss−$25k
Operating expenses−$19k
NOI · 381,873.33% cap applied$57k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$128/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$60 – $216

Cap rate analysis

How does the asset earn?
381,873.33%
$57k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLUE EARTH

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.5
Storage Facility9.6
Barber Shop9.4

Location

220 E Main St Mankato, MN 56001
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
600 Reed, Mankato, MN 56001-6410 $600,000 Dec 2024 10,494 SF
307 Pne, Mankato, MN 56001-3016 $1,150,000 Aug 2024 9,740 SF
215 Hickory, Mankato, MN 56001-3610 $650,000 May 2023 13,467 SF
1907 Excel, Mankato, MN 56001-6281 $920,000 Sep 2022 8,880 SF
1700 Premier, Mankato, MN 56001-6048 $310,000 Apr 2022 8,485 SF
530 Riverfront, Mankato, MN 56001-3449 $578,948 Apr 2021 11,440 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved