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1400 Madison Ave 1,338 SF of Office/Retail Space Available in Mankato, MN 56001
HIGHLIGHTS
- 30,000+ VPD.
- Professional 24/7 Management.
- Private Office to Junior Box Potential.
- 1,500+ Daily Visitors and Employees.
- Emphasis on Medical-Retail and Human Services.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 332 | 1,338 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $13,380 /YR $1,115 /MO | Triple Net (NNN) |
1st Floor, Ste 332
Lease a space in the Madison East Center! Repurposed retail property with a medical-retail focus. MEC is known for their professional leases and long tenure with established community leaders including, Mayo Clinic, Rasmussen, Mankato Clinic, DaVita and many other popular medical, retail and human services tenants. Everything from Retail to Office/Industrial available! Small office and Junior-Box potential. Square footages range from 800 - 19,000+ depending on needs. Creative ownership group and professional management can help demise or create the perfect space for any like-business.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Space In Need of Renovation
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,338 SF | Total Land Area | 30.00 AC |
| Property Type | Retail | Year Built/Renovated | 1968/1997 |
| Gross Leasable Area | 320,598 SF | Parking Ratio | 6.24/1,000 SF |
| Total Space Available | 1,338 SF |
| Property Type | Retail |
| Gross Leasable Area | 320,598 SF |
| Total Land Area | 30.00 AC |
| Year Built/Renovated | 1968/1997 |
| Parking Ratio | 6.24/1,000 SF |
ABOUT THE PROPERTY
The Madison East Center is Located on Madison Ave and North Victory Drive. Next to one of the busiest retail intersections in Mankato with a traffic count of more than 30,000+ vehicles per day. Victory Drive gives access to both Highway 14 and Mankato State University. MEC is an excellent location to be in the most visible and one of the highest medical/human services consumer bases in the region.
- Signage
- Enclosed Mall
NEARBY MAJOR RETAILERS
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1400 Madison Ave
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