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    FOR LEASE
    Medical Office Space

    530 W Pleasant St, Mankato, MN 56001

    3,985 SF 0.81 ac lot Built 1956
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US46-1954259
    Property summary
    AI-generated overview

    This 6,490 square foot Class B office building, situated on a prominent corner lot in West Mankato at 530 W Pleasant St (APN R01.08.13.403.001), offers a unique leasing opportunity. The property boasts a highly visible location at the intersection of Stoltzman Road and Pleasant Street, providing excellent access to downtown retail, schools, parks, and residential areas. Built in 1956 and recently renovated in 2016, this brick-over-block structure is exceptionally durable. The 0.81-acre lot provides ample parking and attractive landscaped green spaces. The interior features a blend of private offices and conference rooms, updated bathrooms, and modern kitchenettes in the main conference rooms and employee break room. Currently, 1,300 square feet of space is available for lease on the main level. A neighboring tenant occupies 3,530 square feet under lease until 2026. This versatile space is ideal for businesses seeking to downsize or expand, offering a blend of traditional, creative, and coworking potential. The property is suitable for various commercial and medical office uses. The building consists of a single suite with multiple tenancies. Don't miss this chance to secure a prime location in a thriving Mankato neighborhood.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1956
    Total area 3,985 SF
    Lot 0.81 ac (35,100 SF)
    APN R01.08.13.403.001
    UPID US46-1954259
    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
    Current use
    Occupant on record · Public records
    • Connect Real Estate Group Real Estate Agency
    • Connect Property Management Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Pleasant St Clinic Assn · 5 yrs held
    Pleasant St Clinic Assn
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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