320 Stadium RdMankato, MN 56001

Property Details for 320 Stadium Rd

Year built

2004

Lot size

0.95 AC

Property size (Sq ft)

6,556 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R01.09.20.153.011

APU

R010920153011

Description

This exceptional commercial property at 320 Stadium Road, Mankato, MN 56001, offers a versatile 1,275 square foot retail or office space within a larger 6,556 square foot building situated on a 42,156 square foot lot in Blue Earth County. The single-tenant space boasts high visibility and convenient access, ideally located near Minnesota State University, Mankato (MNSU). Its strategic placement ensures exposure to a substantial customer base encompassing students, faculty, staff, and the local community. The property's current configuration includes multiple private offices, a private in-suite bathroom, a reception area, and a front desk, providing a functional and adaptable layout. This prime location shares the building with established businesses like Pioneer Bank and a laundromat, further enhancing its appeal and accessibility. The property's size and location make it an excellent opportunity for a variety of businesses seeking a high-traffic, easily accessible location in a thriving Mankato neighborhood. The property is classified as Retail and Land, offering significant potential for various commercial uses. This is a rare opportunity to acquire a well-positioned commercial space in a desirable Mankato location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,586,409

  6.5%

  $1,464,378

  7%

  $1,359,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $843,238

  Geo Method

  $843,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,235,257

  Hospitality

  $1,131,489

  Educational

  $941,386

  Medical

  $973,761

  Retail

  $1,464,378

Location Insight

City

Mankato

County

Blue Earth

State

Minnesota

Latitude

44.1454

Longitude

-93.988

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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