1850 Adams StMankato, MN 56001
- Other commercial real estate
- 431,029 SF
Property Details for 1850 Adams St
- Year built
- 1991
- Lot size
- 31.57 AC
- Property size (Sq ft)
- 431,029 SF
- Property type
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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