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    Property profile & analytics
    OFF-MARKET Estimated value $590,000
    Retail space

    300 Belgrade Ave, North Mankato, MN 56003-3804

    7,800 SF 0.11 ac lot Built 1922
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US46-2444033
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1922
    Total area 7,800 SF
    Lot 0.11 ac (4,960 SF)
    APN 18.685.0150
    UPID US46-2444033
    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
    AI Approach AI
    $600k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $442k
    Blend (final) Blend
    $590k
    Owner & transaction history
    Cornflower Blue Properties LLC · 5 yrs held
    Cornflower Blue Properties LLC
    since 2020
    Last sale
    $584,000
    3 recorded transactions
    2023
    2021
    2020
    $584,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $645,000 +89.5%
    Auto repair, garage $535,000 +56.5%
    Commercial (general) $430,000 +25.3%
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