1400 S Riverfront Dr | Mankato, MN 56001
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- LoopNet Team
1400 S Riverfront Dr
Mankato, MN 56001
Riverfront Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Property has had a history of healthy occupancy and strong tenant demand.
- The property benefits from its direct visibility off Highway 169 the major thoroughfare connecting Mankato to the Twin Cities.
- College Town - Mankato is home to Minnesota State University which has enrollment of over 13,000 Students.
- Rent roll consists of service-based tenants that are resistant to e-commerce competition and market disruptions.
- Riverfront Plaza is shadow anchored by Cub Foods and is located at one of the main points of access to the grocery store.
- The acquisition price of the building is significantly below replacement cost. Additionally, rent throughout the center is priced at or below market.
PROPERTY FACTS
Property Type
Building Size
3,724 SF
Building Class
B
Year Built/Renovated
1987/2014
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.35 AC
Zoning
B-1 - B-1 Community Business District
Parking
18 Spaces (4.83 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R01-08-13-185-004 | Improvements Assessment | $471,100 |
| Land Assessment | $137,000 | Total Assessment | $608,100 |
PROPERTY TAXES
Parcel Number
R01-08-13-185-004
Land Assessment
$137,000
Improvements Assessment
$471,100
Total Assessment
$608,100
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