201 Riverfront DrMankato, MN 56001

Property Details for 201 Riverfront Dr

Year built

2019

Lot size

1.78 AC

Property size (Sq ft)

58,677 SF

Property type

Office buildings

APN

R01.09.07.379.010

APU

R010907379010

Description

Bridge Plaza, a stunning five-story, 77,000 square-foot Class A building in downtown Mankato, MN, offers a unique blend of upscale office, retail, and residential spaces. Located at 201 N Riverfront Dr (Riverfront Drive & Plum Street), this 2020-built property boasts 13 suites across 26,000 square feet of commercial space and six luxury apartments. Currently, 6,387 square feet of office space is available, with three spaces ranging from 1,535 to 2,690 square feet. The building features a striking design incorporating low-E glass curtain walls, limestone, and a two-story atrium with a grand staircase. Amenities include 200 parking spaces, elevators, a fitness center, and a corporate training/conference room with an outdoor terrace. The 1.78-acre (77,300 sq ft) lot is zoned 4A Rental/Residential Non-Homestead 4 or More Unit, providing excellent access to Highway 169 and 14, and is within walking distance of the Verizon Wireless Civic Center, shopping, groceries, and entertainment venues. Utilities are included in the estimated CAM charges. This exceptional property presents a rare opportunity in Mankato's thriving downtown area. The building's prime location and high-quality construction make it an ideal choice for businesses seeking a prestigious and convenient address. Future plans include a ground-level restaurant with a spacious patio.

• CAP approach

  CAP return

  Valuation

  6%

  $9,658,881

  6.5%

  $8,915,890

  7%

  $8,279,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,994,874

  Geo Method

  $2,994,874

• Alternative Use

  Use

  Valuation

  Residential

  $11,055,704

  Hospitality

  $10,126,965

  Educational

  $8,425,516

  Medical

  $8,715,282

  Retail

  $13,106,358

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.1686

Longitude

-94.0007

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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