300 Belgrade Ave, North Mankato, MN 56003-3804
This exceptional three-story building, totaling 7,800 square feet, is situated at the high-traffic intersection of Belgrade Avenue and Range Street in the thriving Lower North Mankato neighborhood. Currently, two suites are available, offering flexible space options: one measuring 2,160 square feet and another at 980 square feet. The property underwent renovations in 2022 and features large windows providing ample natural light, ideal for attracting customers. The building's traditional office and street retail subtype makes it suitable for a variety of businesses. With a total of two dedicated off-street parking spaces and convenient access to a nearby city parking lot, parking is readily available. The location boasts exceptional visibility and foot traffic, being near popular restaurants, bars, a coffee shop, and a bank, as well as within a few blocks of several parks. The property sits just one block from Highway 169, ensuring easy access for customers and employees. The 0.19-acre lot provides ample space, and the building has no elevators. This is a fantastic opportunity to establish a presence in a vibrant and accessible location. The building's 3,140 square feet of vacant space presents a unique chance to customize the space to meet your business needs. This property is perfect for businesses seeking high visibility and convenient access in a bustling area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.