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1920 Adams St
Mankato, MN 56001
Mankato Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- features a diverse mix of national-credit tenants; Noodles and Co, Five Guys, and Jersey Mike's Subs.
- Providing excellent visibility and access to the property. Mankato is a strong retail trade area in the southern MN area with a massive regional mall.
- The property is conveniently situated a block off the Cty Hwy 14 exit on the corner of Cty Rd 22 and Adams Street.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,480 SF
Building Class
B
Year Built
1996
Price
$3,150,000
Price Per SF
$421.12
Cap Rate
6.26%
NOI
$197,086
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.18 AC
Zoning
B-3
Parking
47 Spaces (6.28 Spaces per 1,000 SF Leased)
Frontage
271’ on Adams St
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R01-09-10-301-007 | Improvements Assessment | $979,900 |
| Land Assessment | $308,400 | Total Assessment | $1,288,300 |
PROPERTY TAXES
Parcel Number
R01-09-10-301-007
Land Assessment
$308,400
Improvements Assessment
$979,900
Total Assessment
$1,288,300
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