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1896 Adams St
Mankato, MN 56001
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Out Parcel Building at the River Hills Mall
- Highway access.
- Previous Tire, Battery and Auto Shop
EXECUTIVE SUMMARY
The Auto Center is adjacent to the River Hills Mall, a premier shopping center serving Southern Minnesota and Northern Iowa. The mall has over 4.5 million visitors every year and the city of Mankato has been growing 12x faster than comparable cities. Mankato is home to Minnesota State University, Mankato and has a robust economy made up of agriculture and agribusiness, large regional healthcare, manufacturing, retail and higher education.
Mankato-North Mankato MSA includes Blue Earth and Nicollet counties. The 2020 census shares the MSA has a population of 103,566, yet there is a bigger draw to Greater Mankato. The regional area of Greater Mankato is the hub for 287,175 people. Through retail and healthcare employment, 163,591 people ages 16 and older have a 45-minute drive time to Mankato.
Mankato-North Mankato MSA includes Blue Earth and Nicollet counties. The 2020 census shares the MSA has a population of 103,566, yet there is a bigger draw to Greater Mankato. The regional area of Greater Mankato is the hub for 287,175 people. Through retail and healthcare employment, 163,591 people ages 16 and older have a 45-minute drive time to Mankato.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,057 SF
Building Class
C
Year Built
1996
Price
$3,041,500 CAD
Price Per SF
$275.07 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.96 AC
Frontage
331’ on Adams Street
AMENITIES
- Freeway Visibility
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | R01-09-09-426-034 | Improvements Assessment | $346,118 CAD |
| Land Assessment | $189,356 CAD | Total Assessment | $535,475 CAD |
PROPERTY TAXES
Parcel Number
R01-09-09-426-034
Land Assessment
$189,356 CAD
Improvements Assessment
$346,118 CAD
Total Assessment
$535,475 CAD
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