921 Madison Ave Mankato, MN 56001-6141
Property profile & analytics
921 Madison Ave Mankato, MN 56001-6141
- Strip malls
- 8,400 SF
- 0.70 lot acres
Property ID
US46-1947386
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Aerotek / Employment Agency
- MARLENE BARNES, CENTURY 21 LANDMARK REALTORS / Real Estate Agency
Property Details for 921 Madison Ave
- Year built
- 2013
- Lot size
- 0.70 lot acres
- Property size
- 8,400 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- R01.09.17.127.018
- APU
- R010917127018
Description
This exceptional 8,322 square foot commercial building, constructed in 2015, is strategically located on one of Mankato's busiest streets, boasting 30,000 vehicles per day at the Madison Avenue & Dane Street intersection. Its prime location offers unparalleled visibility, situated adjacent to Community Bank and just a block from Mayo Clinic Health Systems Hospital and Mankato Clinic. The property comprises two distinct units. Unit #1, a 2,859 square foot space, is currently leased to Aerotek and features a sophisticated build-out including in-floor heating, high ceilings, and 8-foot high doors. Unit #2, a 5,463 square foot space, is available for lease. Previously occupied by Med Express, this turnkey space boasts a high-end medical build-out completed only three years ago, representing a build cost exceeding $1 million today. This presents a rare opportunity to acquire a well-situated, high-quality commercial property in a thriving Mankato location with significant potential for immediate income and future growth. The brick building is a solid investment in a high-traffic area with excellent proximity to major medical facilities and banking institutions. The existing tenant in Unit #1 provides a stable income stream, while the vacant Unit #2 offers immediate leasing potential. This property is priced at $2,100,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Longitude
- -93.9814
- Latitude
- 44.1665
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$36,326
$276,000
$1,124,000
$1,400,000
-
$276,000
$1,124,000
$1,400,000
