921 Madison Ave Mankato, MN 56001-6141

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

Neighborhood 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.