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Property profile & analytics
OFF-MARKET
Commercial real estate

424 Belgrade Ave North Mankato, MN 56003-3809

2,704 SF 0.18 ac lot Built 2001
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US46-2429636
Property summary
AI-generated overview

This exceptional 2,704-square-foot commercial property in North Mankato, Nicollet County, presents a unique opportunity. Built in 2001 and renovated in 2005, this single-tenant building offers a highly visible retail/office space at the front, facing Belgrade Avenue. The retail area features built-in cabinetry, an office desk, and a separate copier/storage area. A side entrance leads to a large open warehouse or distribution space in the rear, ideal for storage or production. This area includes a 9-foot overhead door with an opener, a separate entrance, a bathroom, a mechanical room, and a commercial hood and sink from a previous manufacturing operation. The building is a single-story structure with an open floor plan, making it highly adaptable to various business needs. The property benefits from its location on a highly trafficked main thoroughfare, ensuring excellent visibility and accessibility. The lease is a NNN lease, with the tenant responsible for utilities, maintenance, repairs, snow removal, garbage disposal, and other contracted services. The asking rent is $11 per square foot. This versatile space is perfect for a variety of businesses seeking a combination of retail, office, and warehouse space.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Total area 2,704 SF
Lot 0.18 ac (7,750 SF)
APN 18.685.0350
UPID US46-2429636
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Glacial River Investments LLC · 1 yrs held
Glacial River Investments LLC
since 2024
Last sale
$250,000
4 recorded transactions
2024
$250,000
2024
Price N/A
2022
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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