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1230 S Victory Dr 3,536 SF 53% Leased Industrial Building Mankato, MN 56001 $499,000 ($141.12/SF) 7.72% Cap Rate
Investment Highlights
- Additional Tenant for Rental Income (5 year lease)
- Monument Signage Opportunity
- Minimal Common Area Maintenance
- Stand Alone Building
- Ample Parking
- Ease of Access from Highway 22, Victory Drive and Stadium (University Connection)
Executive Summary
Located at 1230 S Victory Drive in Mankato, Minnesota, this versatile commercial property offers an ideal setup for a range of businesses. The building features a functional layout designed to accommodate both office and retail operations, making it perfect for industries such as agriculture, specialty markets, or professional services.
The property includes ample parking for employees and customers, with easy accessibility from S Victory Drive, one of Mankato’s prominent commercial corridors. Inside, the building offers a clean, well-maintained space to support a variety of needs. The neighboring tenant is a medical transportation service.
Whether you’re looking to expand your business, start a new venture, or invest in a prime commercial property, 1230 S Victory Drive presents a fantastic opportunity in the heart of Mankato's business district.
The property includes ample parking for employees and customers, with easy accessibility from S Victory Drive, one of Mankato’s prominent commercial corridors. Inside, the building offers a clean, well-maintained space to support a variety of needs. The neighboring tenant is a medical transportation service.
Whether you’re looking to expand your business, start a new venture, or invest in a prime commercial property, 1230 S Victory Drive presents a fantastic opportunity in the heart of Mankato's business district.
Property Facts
| Price | $499,000 | Building Class | B |
| Price Per SF | $141.12 | Lot Size | 0.41 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 3,536 SF |
| Cap Rate | 7.72% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1994 |
| Property Subtype | Service |
| Price | $499,000 |
| Price Per SF | $141.12 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.72% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 0.41 AC |
| Rentable Building Area | 3,536 SF |
| No. Stories | 1 |
| Year Built | 1994 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Tenant Build Out Negotiable.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,650 SF | Flex | Full Build-Out | Now |
1st Floor
| Size |
| 1,650 SF |
| Space Use |
| Flex |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,650 SF |
| Space Use | Flex |
| Build-Out | Full Build-Out |
| Available | Now |
Tenant Build Out Negotiable.
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R01-09-21-376-008 | Improvements Assessment | $327,300 |
| Land Assessment | $36,100 | Total Assessment | $363,400 |
Property Taxes
Parcel Number
R01-09-21-376-008
Land Assessment
$36,100
Improvements Assessment
$327,300
Total Assessment
$363,400
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
1230 S Victory Dr