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1850 E Madison Ave 1,500 - 35,000 SF of Retail Space Available in Mankato, MN 56001
HIGHLIGHTS
- Mankato has the largest per-capita spending in the state of Minnesota and is a regional hub.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,500-35,000 SF | 20’ | Negotiable | $20.53 CAD/SF/YR $1.71 CAD/SF/MO $718,615 CAD/YR $59,885 CAD/MO | Triple Net (NNN) |
1st Floor
Build-to-suit with tenant improvement available. $15.00 - 20.00 SF/yr.
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- Finished Ceilings: 20’
- CAD/Design upon Request
- 20'+ Ceiling Heights
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 35,000 SF | Property Subtype | Freestanding |
| Min. Divisible | 1,500 SF | Gross Leasable Area | 90,494 SF |
| Property Type | Retail | Year Built/Renovated | 1971/2023 |
| Total Space Available | 35,000 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 90,494 SF |
| Year Built/Renovated | 1971/2023 |
ABOUT THE PROPERTY
Fully repurposed in 2023, The Pond is family entertainment and restaurant hub. The building is home to Green Mill to Go, Crooked Pint Ale House, UNRL Rink (Junior Sized Indoor Hockey Complex with Executive Suites and Event Space), an arcade and an 800 person Venue. The property also features outdoor pickleball courts, two-story access and a planned academy for competitive youth. Options for leasing include built-to-suit or as-is and all spaces have 20'+ ceiling heights. Owners are looking for like-minded retail/entertainment/sporting establishments to round out the variety of services for families and community members. Large and multilocation building signage available as well as active design team for specs upon request. Shared amenities include shared restaurant/menu selections, restroom counts, ample parking for customers, high traffic (30,000+ VPD) and nearby hospitality accommodations.
- Signage
NEARBY MAJOR RETAILERS
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1850 E Madison Ave
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