551 Belle AveMankato, MN 56001
- Strip malls
- 7,200 SF
Property Details for 551 Belle Ave
- Year built
- 2013
- Lot size
- 0.99 AC
- Property size (Sq ft)
- 7,200 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- R01.09.17.227.007
- APU
- R010917227007
Description
This exceptional retail opportunity is located at 551 Belle Avenue in Mankato, Minnesota, 56001. The property is a strip center totaling 7,200 square feet, with 4,506 square feet currently vacant and available for lease. The minimum leasable space is 1,200 square feet, while the maximum contiguous space available is 4,506 square feet. The property sits on a 1.28-acre lot encompassing 55,757 square feet, providing ample space and parking. The building features a contemporary design, offering high ceilings and abundant natural light. Its location ensures excellent visibility and accessibility for customers. The interior is adaptable to a variety of business needs, allowing for customizable floor plans to suit specific requirements. This property presents a unique chance to establish or expand a business in a thriving Mankato commercial district. The property's size and layout make it suitable for a range of retail uses. The ample parking and prominent location contribute to a high-traffic environment, ideal for attracting customers. This is a rare opportunity to secure a well-located, modern retail space in a desirable Mankato location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,742,243
- 6.5%
- $1,608,224
- 7%
- $1,493,351
-
Comparable approach
- Method
- Valuation
- Relative Method
- $926,070
- Geo Method
- $926,070
-
Alternative Use
- Use
- Valuation
- Residential
- $1,356,597
- Hospitality
- $1,242,636
- Educational
- $1,033,858
- Medical
- $1,069,414
- Retail
- $1,608,224
Location Insight
- City
- Mankato
- County
- Blue Earth
- State
- Minnesota
- Latitude
- 44.1653
- Longitude
- -93.972
- 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
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
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