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Property profile & analytics
FOR LEASE
Retail space

340 Webster Ave North Mankato, MN 56003

1,653 SF 0.68 ac lot Built 1968
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US46-2592084
Property summary
AI-generated overview

This exceptional Class A retail building, completed in 2024, offers three available suites totaling 8,881 square feet in North Mankato, Minnesota. Located at 1105 Range St, zip code 56003, this property sits on a generous 29,708 square foot lot and enjoys excellent visibility and accessibility from Highway 169. Each suite is individually divisible, with a minimum leasable area of 2,881 square feet and a maximum contiguous space of 3,000 square feet. The building features a single story design, providing convenient access for tenants and customers. Highway 169 sees a high volume of 25,400 vehicles per day, ensuring significant exposure for businesses located within this development. Planned improvements to Highway 169 and Webster Avenue, including a roundabout scheduled for 2027, are expected to further enhance visibility and accessibility to the property, creating a safer and more convenient environment for both drivers and pedestrians. This presents a unique opportunity for businesses seeking a high-traffic location in a thriving Minnesota market. The property is currently entirely vacant, offering a blank canvas for prospective tenants.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Total area 1,653 SF
Lot 0.68 ac (29,707 SF)
APN 18.557.2980
UPID US46-2592084
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
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$835k
Owner & transaction history
1111 Holdings Of Mankato LLC · 2 yrs held
1111 Holdings Of Mankato LLC
since 2023
Last sale
$900,000
2 recorded transactions
2023
$275,000
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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