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1809-1859 Adams St
Mankato, MN 56001
River Place Center · Retail Property For Sale
Executive Summary
Anchored by Planet Fitness, this is one of the busiest (if not the busiest) retail centers in Mankato. It is located directly across the street from River Hills Mall which draws shoppers from as far as northern Iowa. Other neighborhood tenants include Best Buy, Sleep Number mattresses and (coming soon) Chick Fil A. There are a total of 9 different tenants in the 47,000 SF center.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
47,136 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1995
Price
$14,437,022 CAD
Price Per SF
$306.28 CAD
Cap Rate
7.01%
NOI
$1,011,654 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
3.59 AC
Zoning
B2 General Business
Parking
193 Spaces (4.09 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | R01-09-09-477-003 | Improvements Assessment | $6,613,236 CAD |
| Land Assessment | $881,004 CAD | Total Assessment | $7,494,241 CAD |
Property Taxes
Parcel Number
R01-09-09-477-003
Land Assessment
$881,004 CAD
Improvements Assessment
$6,613,236 CAD
Total Assessment
$7,494,241 CAD
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