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521-523 N Riverfront Dr 9,800 SF 100% Leased Retail Building Mankato, MN 56001 $735,000 ($75/SF)



INVESTMENT HIGHLIGHTS
- Sale price subject to offer.
EXECUTIVE SUMMARY
Strategically situated in the heart of Southern Minnesota’s growth corridor, this prime asset offers exceptional visibility and accessibility via regional thoroughfares. Located within the dynamic greater Mankato marketplace, the site benefits from a robust employment base, anchored by key institutions in healthcare, manufacturing, education and agribusiness. It is surrounded by a stable mix of office, industrial, retail and multi-family uses, reflecting strong demand fundamentals for repositioning or expansion. With infrastructure in place and proximity to major transit routes linking to the Twin Cities and the Iowa border, the location presents a compelling value-add opportunity for owners pursuing market entry or redevelopment strategies. Offered for sale through a leading regional advisor, this commercial offering presents an institutional-ready investment or owner-user acquisition. The asset enables capital-efficient entry into a high-growth region, with upside through operational enhancement, leasing convergence or repositioning. Whether structured as a value-add acquisition or a long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy or redevelopment. Leveraging the full-service capabilities of a local brokerage and management platform, the transaction is supported by integrated advisory, market intelligence and asset management services—enabling investors to scale in Southern Minnesota with confidence. Ideal for institutional, private-equity or strategic investors seeking a core-plus, commercial real estate investment ready for turnkey execution.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,800 SF
Building Class
C
Year Built
1896
Price
$735,000
Price Per SF
$75
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.28 AC
Zoning
CBD- Fringe - CBD- Fringe
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Tenant pays electric.
| Space | Size | Space Use | Position | Available |
| 521 | 2,237 SF | Retail | - | 30 Days |
521
| Size |
| 2,237 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
521
| Size | 2,237 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Tenant pays electric.
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R01-09-07-406-004 | Improvements Assessment | $551,500 |
| Land Assessment | $45,200 | Total Assessment | $596,700 |
PROPERTY TAXES
Parcel Number
R01-09-07-406-004
Land Assessment
$45,200
Improvements Assessment
$551,500
Total Assessment
$596,700
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521-523 N Riverfront Dr
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