Mankato, MN Office Property For Sale

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Office for Sale

Mankato, MN 56001

This property has been home to a local nonprofit, serving as offices and a basement/walk-out recreation center with a full kitchen. The building was originally constructed as a church in 1920 with stained glass windows, a bell tower and a grand corner stoop leading to the upstairs meeting room. The property also comes with a small cold storage shed and driveway. The interior has ample common space and room for additional offices. Seated on a small frontage street off the boulevard, the neighborhood is well maintained with mature trees and next to a city bus stop. The basement did undergo some water damage last summer and would need sheetrock and floor patching. Utilities are in good condition and recent ADA upgrades have been made to the ground floor restroom. Priced to sell, this property would make a terrific affordable office space, small church or can be repurposed as a future residential investment.

Office for Sale

Mankato, MN 56001

• Fully Leased

• Exterior and Interior Renovation

• Professional Office/Retail Tenants

• Opportunity Zone Incentives

This professional office building is fully leased with a great mix of professional tenants including a United States Post Office, Vose Family Dentistry, Five Rivers Mental Health and ECI. The property is completing an exterior and interior renovation -- including new lobby

finishes and fully upgraded tenant suites to be finished early 2020. The building boasts a two-story lobby and has its own parking lot for clients and tenants -- a rarity downtown. Lease information, rent roll and financials available upon request.

Office for Sale

Mankato, MN 56001

-100% Leased Class A Office Tower/Desirable Credits

Tenants/Annual Rent Increases

-Constrained Supply of Class A Office Space in

Market/Below Market Rents

-Adjacent to Mankato Place: Destination for Shopping,

Entertainment, Services/Key Driver of Demand for

Office Space within Subject Property

-Major Travel Artery/Signage/Visibility from Signalized

Intersection/Blocks to SR-14

-Area of Tremendous Growth/Large Labor Pool,

Educated Workforce, Low cost of doing

business/New Developments in the Pipeline

-Within one hour of Minneapolis-St Paul/Regional

Economic Hub for Southern Minnesota/Major

Employers: Taylor Corp, May Clinic Health, Johnson

Outdoor

Retail for Sale

Mankato, MN 56001

• 9% Cap Rate

• Established Tenant w/Active Lease

• Remodeled in 2017

Excellent retail investment in Mankato's City Center with established local business (20+ years) tenant with three years left on their lease. This property is well maintained and has undergone several recent improvements including new flooring, lighting and an 8' glass garage door. The property has excellent visibility and pedestrian traffic and is surrounded by free 2-hour city parking.

Office for Sale

Mankato, MN 56001

• Build to Suit

• Easy Access from North Victory Drive

• Ample Parking

• Professional Neighboring Tenants

INVESTMENT OPPORTUNITY! Stand-alone building in Westwood Business Park For Sale/Lease. Building could be for owner use or income property for office tenants. This professional Class-A complex is home to a variety of established businesses.

Office for Sale

Mankato, MN 56001

• FULLY LEASED!

• Professional Tenants

• Easy Access from North Victory Drive

• Ample Parking

• Professional Neighboring Tenants

INVESTMENT OPPORTUNITY! Stand-alone building in Westwood Business Park For Sale. Fully leased income property. This professional Class-A complex is

home to a variety of established businesses.

Office for Sale

Mankato, MN 56001

Excellent investment opportunity for Owner/User in professional office park in Hilltop Mankato. Westwood Business Park is home to a myriad of professional offices and services including real estate professionals, a law office, a dental practice and more. The property is set back off North Victory Drive, a growing residential and retail district right off 4-lane Highway 14. Surrounded by national retailers,

this property would be suitable for any office user looking to grow their client base in a professional Class-A setting, and use the neighboring tenant space as income for your investment!

Office for Sale

Mankato, MN 56001

PROPERTY OVERVIEW

Rare development opportunity on Madison Avenue. Great location with 15,000+ vehicles per day. Redevelop this spectacular property that covers three lots (31,185 SF) and is currently zoned as B1. This property is ready to become your new location!

PROPERTY HIGHLIGHTS

• Located just off Madison Avenue and North Broad Street

• Marvelous visibility (15,000+ vehicles per day)

• Potential two-story development

Office for Sale

Mankato, MN 56001

Three-level office building. Excellent owner/user opportunity. Located in downtown Mankato, close to Minnesota River Trail and Verizon Event Center. Private offices and open offices available. Substantial building upgrades recently completed.

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