424 Belgrade Ave North Mankato, MN 56003-3809
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.
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.