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1802-1838 Commerce Dr
North Mankato, MN 56003
Dimension Business Center · Retail Property For Sale
Investment Highlights
- Value add opportunity - 8% CAP
- Highway 14 and retail corridor exposure on Commerce Dr
- Potential for assumable debt @ 3.75
- Large parking lot - offers potential to carve out for additional pad development
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,895 SF
Building Class
B
Year Built
2000
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
3.25 AC
Zoning
Commercial - commercial retail
Parking
152 Spaces (0.74 Spaces per 1,000 SF Leased)
Frontage
200’ on Commerce Dr
Amenities
- Banking
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Recessed Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | R-18.572.0020 | Improvements Assessment | $2,443,700 |
| Land Assessment | $492,400 | Total Assessment | $2,936,100 |
Property Taxes
Parcel Number
R-18.572.0020
Land Assessment
$492,400
Improvements Assessment
$2,443,700
Total Assessment
$2,936,100
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