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Financial
Distress signals
Property profile

500 S 2Nd St Mankato, MN 56001

FOR SALE
Retail properties & Spaces
Property ID
US46-1957574
44,076 SF Built 1963
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Property summary

AI-generated overview

This exceptional Class A retail property, located at 500 S 2nd St, Mankato, MN 56001, presents a compelling investment opportunity. The property encompasses 44,076 square feet and features a mix of commercial and residential space. Built in 1963 and significantly remodeled in 2022-2023, the complex boasts a 100% occupancy rate. The main structure is a two-story, pre-stressed concrete and brick building with ample parking underneath. The commercial space, totaling 12,663 square feet, is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6.73%
$387k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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.

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office17.6
Auto Parts Store11.5
Convenience Store11.4

Location

500 S 2Nd St Mankato, MN 56001
County assessor · not on file Recorded deeds · not on file Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1870 Adams, Mankato, MN 56001-4865 $1,885,367 Jul 2025 11,420 SF
125 Kingswood, Mankato, MN 56001-3159 $3,050,000 Nov 2024 41,300 SF
3010 Adams, Mankato, MN 56001-7773 $26,900,000 Nov 2024 7,525 SF
58766 240th, Mankato, MN 56001-5596 $5,500,000 Jun 2024 162,964 SF
2132 Hoffman, Mankato, MN 56001-5863 $2,200,000 May 2024 22,136 SF
1860 Adams, Mankato, MN 56001-4865 $3,450,000 Feb 2024 8,960 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?”
More about this property
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