For Sale
Mankato, MN
Commercial Real Estate Market Trends & Data
$214
Avg asking sale price
$14
Avg asking lease rate
4,010 SF
Avg unit lease size
15,510 SF
Avg building size for sale
7.36%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Mankato | $244 | 9,907 SF |
| North Mankato | $262 | 4,708 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 | $173 | 62,988 SF | 6.50% |
| North Mankato | $173 | 44,076 SF | 6.50% |
| Saint Peter | $119 | 22,459 SF | 10.13% |
| Prior Lake | $269 | 212,400 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.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $214 | 15,510 SF |
| North Mankato | $245 | 11,808 SF |
| Kasota | $118 | 13,853 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.
Nearby Market Trends
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