1105 Range StNorth Mankato, MN 56003

Property Details for 1105 Range St

Year built

1968

Lot size

0.68 AC

Property size (Sq ft)

1,653 SF

Property type

Retail space

APN

18.557.2980

APU

185572980

Description

This exceptional Class A retail building, completed in 2024, offers three available suites totaling 8,881 square feet in North Mankato, Minnesota. Located at 1105 Range St, zip code 56003, this property sits on a generous 29,708 square foot lot and enjoys excellent visibility and accessibility from Highway 169. Each suite is individually divisible, with a minimum leasable area of 2,881 square feet and a maximum contiguous space of 3,000 square feet. The building features a single story design, providing convenient access for tenants and customers. Highway 169 sees a high volume of 25,400 vehicles per day, ensuring significant exposure for businesses located within this development. Planned improvements to Highway 169 and Webster Avenue, including a roundabout scheduled for 2027, are expected to further enhance visibility and accessibility to the property, creating a safer and more convenient environment for both drivers and pedestrians. This presents a unique opportunity for businesses seeking a high-traffic location in a thriving Minnesota market. The property is currently entirely vacant, offering a blank canvas for prospective tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $399,990

  6.5%

  $369,222

  7%

  $342,849

• Comparable approach

  Method

  Valuation

  Relative Method

  $212,610

  Geo Method

  $212,610

• Alternative Use

  Use

  Valuation

  Residential

  $311,452

  Hospitality

  $285,288

  Educational

  $237,357

  Medical

  $245,520

  Retail

  $369,222

Location Insight

City

North Mankato

County

Nicollet

State

Minnesota

Latitude

44.1813

Longitude

-94.0091

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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