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Madison Corner Strip Mall 501-511 Holly Ln 5,852 SF 100% Leased Retail Building Mankato, MN 56001 $3,490,000 ($596.38/SF)
Investment Highlights
- Net Leased Investment
- Financially Responsible Tenants
- Professionally Managed
- 2-7 Year Leases with Options
- Local + National Brands
Executive Summary
The property is located in an established retail area with strong local traffic, convenient access, and surrounding commercial density that supports long-term tenant demand. The strip retail layout provides functional storefront exposure and operational efficiency for tenants.
This Mankato retail investment is well-positioned for investors seeking a low-maintenance asset with predictable returns in a growing Southern Minnesota market. Ideal for private investors, 1031 exchange buyers, or portfolio diversification strategies.
This Mankato retail investment is well-positioned for investors seeking a low-maintenance asset with predictable returns in a growing Southern Minnesota market. Ideal for private investors, 1031 exchange buyers, or portfolio diversification strategies.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,852 SF
Building Class
B
Year Built
2012
Price
$3,490,000
Price Per SF
$596.38
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.36 AC
Zoning
B-1 - Commercial Zoning
Parking
40 Spaces (4.25 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | R01-09-17-231-016 | Improvements Assessment | $1,561,300 |
| Land Assessment | $403,200 | Total Assessment | $1,964,500 |
Property Taxes
Parcel Number
R01-09-17-231-016
Land Assessment
$403,200
Improvements Assessment
$1,561,300
Total Assessment
$1,964,500
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Madison Corner Strip Mall | 501-511 Holly Ln
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