Mankato, MN
Commercial Real Estate Market Trends & Data

$207 Avg asking sale price
$14 Avg asking lease rate
6,204 SF Avg unit lease size
16,992 SF Avg building size for sale
6.81% Average cap rate

Mankato's Demographic Profile

Mankato has 18,489 households and a median income of $63,167, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 46,861
# Households 18,489
Median age 30
Median household income $63,167
Avg household size 2.0
Renter-occupied housing units 9,067
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Mankato, MN

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Mankato $237 4,727 SF
North Mankato $237 4,727 SF
Janesville $90 4,930 SF
Madelia $122 11,446 SF
Le Sueur $120 3,214 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mankato $147 50,026 SF 6.88%
North Mankato $206 34,089 SF 6.88%
Saint Peter $125 22,459 SF 8.60%
Blue Earth $35 12,014 SF 9.35%
Prior Lake $269 46,403 SF 6.00%

Commercial Properties For Sale in Mankato

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2041 Blazing Star Dr

Mankato, MN 56001

  • 2,955 SF Retail Building
  • $1,450,000
For Sale

327 N Riverfront Dr

Mankato, MN 56001

  • 3,180 SF Retail Building
  • $499,000
For Sale

424 S Front St

Mankato, MN 56001

  • 3,410 SF Retail Building
  • $425,000
For Sale

1036 Victory Dr

Mankato, MN 56001

  • 0.33 AC Lot
  • 1 Industrial Lot
  • $244,000
For Sale

117 E Washington St

Mankato, MN 56001

  • 3,264 SF Retail Building
  • $299,000
For Sale

Green Thumb Garden Center

Mankato, MN 56001

  • 0.31 AC Lot
  • 1 Commercial Lot
  • $199,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mankato pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mankato $207 16,992 SF
North Mankato $170 16,823 SF
Kasota $125 2,400 SF

Regional Demographic Comparison

This comparison places Mankato alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mankato or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Mankato 46,861 18,489 30 $63,167 2 9,067 3%
Kasota 769 309 43 $72,132 3 57 1%
Madison Lake 1,568 621 41 $104,503 3 140 5%
Lake Crystal 2,258 926 40 $72,136 2 182 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mankato, MN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mankato

View All Commercial Real Estate For Sale in Mankato
Is Mankato a good market for a first-time commercial real estate investor?

Mankato offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mankato?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mankato. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mankato?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mankato. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mankato compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mankato. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mankato acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mankato, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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