626 Riverfront DrMankato, MN 56001

Property Details for 626 Riverfront Dr

Year built

1874

Lot size

0.15 AC

Property size (Sq ft)

8,140 SF

Property type

Retail properties

Property subtype

Retail space

APN

R01.09.07.402.017

APU

R010907402017

Description

This exceptional retail property, located at 626 N Riverfront Drive in Mankato, MN, presents a unique opportunity for businesses seeking high visibility and foot traffic. The property boasts a total of 6,478 square feet of retail space within a single suite, situated on a 0.15-acre lot. The building features an inviting storefront with expansive windows, allowing ample natural light to illuminate the interior. Its strategic location near North Riverfront Drive ensures consistent high foot traffic, maximizing exposure to potential customers. The property includes an asphalt parking lot offering approximately 850 square feet of parking. The zoning is designated as 3A-Commercial/Industrial/Public Utility, offering flexibility for various business types. Property taxes are $1.96 per square foot. The property is situated in Mankato's dynamic business district, surrounded by complementary businesses, contributing to a vibrant and energetic commercial environment. While the space is currently configured as a single suite, its size allows for versatile adaptation to suit a range of retail needs. This is an ideal location for a business seeking a temporary or permanent space in a high-traffic area. The APN is R01.09.07.402.017, and the property is located in Blue Earth County. No elevators are present on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,969,702

  6.5%

  $1,818,187

  7%

  $1,688,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,046,973

  Geo Method

  $1,046,973

• Alternative Use

  Use

  Valuation

  Residential

  $1,533,709

  Hospitality

  $1,404,869

  Educational

  $1,168,834

  Medical

  $1,209,032

  Retail

  $1,818,187

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.173

Longitude

-93.998

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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