1850 Adams StMankato, MN 56001

Property Details for 1850 Adams St

Year built

1991

Lot size

31.57 AC

Property size (Sq ft)

431,029 SF

Property type

Commercial real estate

APN

R01.09.09.426.044

APU

R010909426044

Description

This exceptional 71,046 square foot anchor space is available within River Hills Mall, Minnesota's fifth-ranked shopping center, boasting 4.5 million annual visits and an average visit duration of 60 minutes. Strategically located in the West Corridor, adjacent to Barnes & Noble and near Scheels, this former Herbergers space offers three exterior entrances plus a mall entrance, providing unparalleled visibility and accessibility. The space includes approximately 8,500 square feet of sales floor, 1,800 square feet of backroom space, restrooms, and a salon washroom. Features include a 21' 9" ceiling height, generous parking, men's and women's restrooms, and a modern, well-lit interior with large windows offering 91 feet of frontage. The property benefits from its prime location at the intersection of Highways 22 and 14, ensuring high traffic and convenient access. River Hills Mall is a thriving destination, anchored by strong retailers such as JCPenney, Target, and Scheels, and complemented by a Cinemark movie complex, food court, and family-friendly amenities. Mankato's robust economy, fueled by agriculture, healthcare, manufacturing, retail, and higher education, further enhances the property's investment potential. The Mankato-North Mankato MSA, encompassing Blue Earth and Nicollet counties, boasts a population of 103,566, with a larger regional draw of 287,175 people. This presents a unique opportunity to establish a flagship presence in a rapidly growing market. Eleven individual spaces are available within the larger anchor space, offering flexibility for various business models. The property's proximity to the Carousel Cafe and other popular retailers, including Asian Wok and Berry Blendz, adds to its appeal. Existing cash wrap and built-in standards are also included.

• Alternative Use

  Use

  Valuation

  Residential

  $81,212,888

  Hospitality

  $74,390,576

  Educational

  $61,892,084

  Medical

  $64,020,648

  Retail

  $96,276,576

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.1728

Longitude

-93.9544

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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