1121 Cross StMankato, MN 56001

Property Details for 1121 Cross St

Year built

1988

Lot size

1.65 AC

Property size (Sq ft)

11,500 SF

Property type

Commercial real estate

APN

18.623.0030

APU

186230030

Description

This exceptional investment opportunity in North Mankato, Minnesota features a 11,500 square foot commercial property currently leased to FedEx. The property, located at 1121 Cross St., Mankato, MN 56001, sits on a 72,005 square foot lot at the intersection of Cross Street and Truman Avenue, providing easy access to Highway 169. The building consists of a 1,500 square foot metal office and a 10,000 square foot metal warehouse. The property is classified as a Class B office building with a single tenant under a Net Net Net (NNN) lease. The current lease with FedEx extends through 2025 with a five-year renewal option, ensuring consistent passive income. The asking price is $1,250,000, representing a 5.06% capitalization rate. This 100% occupied property offers a strong return on investment with a long-term, creditworthy tenant. The property's strategic location in a thriving North Mankato community further enhances its investment appeal. This is a rare opportunity to acquire a stable, high-performing commercial property with significant long-term potential.

• Alternative Use

  Use

  Valuation

  Residential

  $2,166,788

  Hospitality

  $1,984,766

  Educational

  $1,651,302

  Medical

  $1,708,093

  Retail

  $2,568,692

Location Insight

City

North Mankato

County

Nicollet

State

Minnesota

Latitude

44.1825

Longitude

-94.0118

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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.

How do I access a private listing?

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?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].