Convenient Mankato Hilltop Commercial office building. 10,494 square feet on main. Partial basement approximately 1,120 square feet. Good sized parking lot with 59 spaces. Roof redone in 2014. Located one block away from Madison Avenue near ISG ballpark. Tired of renting, Great opportunity to own! Brick exterior. Multiple tenants. Listing agent is related to Seller.
one of Mankatoâ??s busiest streets with traffic counts of 30,000 VPD at the intersection of Madison Avenue & Dane Street, making it a highly visible location. It is next to Community Bank and only a block from Mayo Clinic Health Systems Hospital and Mankato Clinic. 921 Madison Avenue is an 8,322 SF brick commercial building built in 2015 and has two separate units. Unit #1 is a 2,859 SF space occupied by the tenant Aerotek. This space has a high-level build-out, including in-floor heat, high ceilings, and 8â?? high doors. Unit #2 is a 5,463 SF space previously occupied by Med Express and is now available for lease. This â??turn-keyâ?? space has a high-level medical build-out that is only three years old and would cost over $1 million to build today.
Personal or Condo Garage Units â?? 1,560 total square feet. 30â?? W X 52â??L with 16â?? ceilings. Finished units posses insulated partition walls with sheetrock and white liner steel for additional insulation. Units have 14â??x14â?? insulated overhead doors with openers, 3â?? entry door, and dual 3â??x3â?? windows. Units were built with exterior perimeter foundation insulation and interior floor perimeter under-slab insulation for energy efficiency. Walls contain R-25 insulation and R-50 insulation blown in ceiling. 26 Gauge steel exterior wall and roof metal for extra durability (versus 29 gauge steel typically used). Concrete footings along with 5â?? concrete floor includes a trench drain, connected to flammable waste tank for vehicle storage. Unit contains natural gas heater suspended from ceiling and optional A/C addition. Separate electrical, water, and gas meters per unit. Bathroom plumbing hookups included for a $15K allowance for contracting electrical, plumbing and bathroom framing. 100-amp electrical service with fiber optic available for internet and cable service. Front parking consists of a 3â?? wide concrete apron and pipe bollards on either side of overhead door and a 30â??X32â?? asphalt surface connected to a 24â?? road. Property owners must conform to City of Mankato Code. Businesses that do not require customers inside the property are allowed. Possible uses: warehouse/office, plumber, electrical, or distributor workshop/storage for classic cars, boats, RVs. An investment property. Manager lives on site. Auto repair, welding, and body shops are NOT acceptable uses of the property. Manager lives on site. Built by Skorr Construction, LLC who has been in business for over 50 years. Contact Arlen Skorr at (507) 380-3110 or Craig Skorr at (507) 380-3112 for further information.
BUILDING AND LAND FOR SALE: Mixed use space with long standing commercial tenant occupying the main floor along with a 3 bedroom apartment on the upper level. New stove and shower in 2024. Property includes a large parking lot on the side and back of the lot which includes 3 reserved spaces for the apartment tenants along with approximately 10 additional open spaces for client and employee parking. Street parking is also available. Roof sealed approximately 2 years ago. Front commercial space has forced air heat, back commercial space and apartments have boiler heat. Boiler serviced annually. Central air in commercial space, window units in apartment. Purchase includes shelving in basement, coolers, and counter in commercial space. Property has current rental license for up to 5 unrelated.
Cherry Square is an apartment complex on the corner of 2nd St. and Cherry St. formerly known as the Inn Towne Motel in the downtown Mankato bar district. It was built in 1963. This 38 unit- 3 story complex is built of pre-stressed concrete and brick. Parking is on the main level under the square shaped building which is elevated on columns. The apartments went through a total remodel in 2022 and early 2023. The occupancy rate is currently at 100%. There is ample parking on the property for all residents Building #2 is a commercial building consisting of 12,663 SF which is leased to Menari Body Works. The elevator is shared with the apartment building and the commercial building. The apartments consist of 8 two bedroom units and 30 one bedroom units. Building #3 is a two story 2,904 SF brick building that has two apartments that are each 4 bedrooms. Broker is owner
Mankato's newest garage condo development. All steel construction. 25 x 50 sq. ft., ceiling height 16', fully insulated, 12 x 14 overhead door with opener & windows, 36" walk door, reinforced concrete floor with floor drain, flammable waste trap, separate metered gas, water, 100 amp elect service and LED lighting. Optional features: heat & A/C, bathroom, mezzanine or loft, in-floor heat, additional windows, office or lounge, internet, cable tv service and phone.
The median home value in Mankato, MN is $320,000. This is higher than the county median home value of $267,500. The national median home value is $338,100. The average price of homes sold in Mankato, MN is $320,000. Approximately 47.98% of Mankato homes are owned, compared to 43.7% rented, while 8.32% are vacant. Mankato real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mankato real estate agent to arrange a tour today!
Mankato, Minnesota has a population of 43,938. Mankato is less family-centric than the surrounding county with 28.54% of the households containing married families with children. The county average for households married with children is 30.05%.
The median household income in Mankato, Minnesota is $56,274. The median household income for the surrounding county is $65,000 compared to the national median of $69,021. The median age of people living in Mankato is 26.8 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 5.1 degrees. The average rainfall is approximately 31.7 inches per year, with 42.6 inches of snow per year.