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Property profile & analytics
OFF-MARKET
Strip malls

921 Madison Ave Mankato, MN 56001-6141

8,400 SF 0.7 ac lot Built 2013
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US46-1947386
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2013
Total area 8,400 SF
Lot 0.7 ac (30,663 SF)
APN R01.09.17.127.018
UPID US46-1947386
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
  • Aerotek Employment Agency
  • MARLENE BARNES, CENTURY 21 LANDMARK REALTORS Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hilltop Plaza LLC · 12 yrs held
Hilltop Plaza LLC
since 2013
2 recorded transactions
2013
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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