Financial
Distress signals
Property profile

424 Belgrade Ave North Mankato, MN 56003

OFF-MARKET
Commercial real estate
Property ID
US46-2429636
2,704 SF 0.18 ac lot Built 2001
Last sale Aug 2024 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$216k
Assessed land$77k
Assessed improvement$139k
Effective rate2.25%

Value estimate

· Sep 2026
$250k
$225k – $275k
AI approach$250k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$50/SF
County average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$30 – $78
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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.

JurisdictionNICOLLET

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store8.8
Storage Facility8.8
Convenience Store8.4

Location

424 Belgrade Ave North Mankato, MN 56003-3809
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Cross, North Mankato, MN 56003 $700,000 Aug 2024 2,016 SF
1660 Howard, Mankato, MN 56003 $275,000 Jan 2023 4,000 SF
253 Clf, North Mankato, MN 56003-3305 $50,000 Dec 2022 1,200 SF
1129 Cross, North Mankato, MN 56003-2116 $290,000 Jul 2021 6,600 SF
1040 Riv, North Mankato, MN 56003-2216 $175,000 Jul 2019 1,992 SF
1024 Riv, North Mankato, MN 56003-2216 $155,000 Jul 2019 4,000 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?”
You own 424 Belgrade Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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