1100 Riverfront DrMankato, MN 56001

Property Details for 1100 Riverfront Dr

Year built

2000

Lot size

1.29 AC

Property size (Sq ft)

12,898 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R01.08.13.257.016

APU

R010813257016

Description

Riverfront Center, a thriving retail strip center in Mankato, Minnesota, offers exceptional opportunities for businesses seeking high visibility and convenient access. This 77,533 square foot property boasts a prime location on Riverfront Drive, directly across from Mankato West High School and minutes from Minnesota State University and downtown Mankato. Its strategic placement provides easy access from Highway 169, ensuring high traffic volume. The center features ample parking with 375 spaces available for customers and employees. Currently, there are two available retail spaces, ranging from 1,363 to 1,781 square feet, perfect for a variety of businesses. The property sits on a 6.9-acre lot and is anchored by Cub Foods, a well-established and popular grocery store, further enhancing its appeal and drawing a consistent customer base. With a total of 3,282 square feet currently vacant, this presents a unique chance to establish a presence in a bustling and well-established retail environment. The property's location near major educational institutions and the city center guarantees a large and diverse potential customer base. This is an excellent investment opportunity for businesses seeking high visibility and strong foot traffic in a vibrant Mankato community. The address is 1100-1200 S Riverfront Dr, Mankato, MN 56001.

• CAP approach

  CAP return

  Valuation

  6%

  $3,121,035

  6.5%

  $2,880,955

  7%

  $2,675,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,658,951

  Geo Method

  $1,658,951

• Alternative Use

  Use

  Valuation

  Residential

  $2,430,194

  Hospitality

  $2,226,044

  Educational

  $1,852,043

  Medical

  $1,915,737

  Retail

  $2,880,955

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.1607

Longitude

-94.0147

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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