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521-523 N Riverfront Dr 9,800 SF 100% Leased Retail Building Mankato, MN 56001 $1,019,033 CAD ($103.98 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Sale price subject to offer.

EXECUTIVE SUMMARY

Strategically situated in the heart of Southern Minnesota’s growth corridor, this prime asset offers exceptional visibility and accessibility via regional thoroughfares. Located within the dynamic greater Mankato marketplace, the site benefits from a robust employment base, anchored by key institutions in healthcare, manufacturing, education and agribusiness. It is surrounded by a stable mix of office, industrial, retail and multi-family uses, reflecting strong demand fundamentals for repositioning or expansion. With infrastructure in place and proximity to major transit routes linking to the Twin Cities and the Iowa border, the location presents a compelling value-add opportunity for owners pursuing market entry or redevelopment strategies. Offered for sale through a leading regional advisor, this commercial offering presents an institutional-ready investment or owner-user acquisition. The asset enables capital-efficient entry into a high-growth region, with upside through operational enhancement, leasing convergence or repositioning. Whether structured as a value-add acquisition or a long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy or redevelopment. Leveraging the full-service capabilities of a local brokerage and management platform, the transaction is supported by integrated advisory, market intelligence and asset management services—enabling investors to scale in Southern Minnesota with confidence. Ideal for institutional, private-equity or strategic investors seeking a core-plus, commercial real estate investment ready for turnkey execution.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,800 SF
Building Class
C
Year Built
1896
Price
$1,019,033 CAD
Price Per SF
$103.98 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.28 AC
Zoning
CBD- Fringe - CBD- Fringe

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 521
  • 2,237 SF
  • Retail
  • -
  • 30 Days

Tenant pays electric.

Space Size Space Use Position Available
521 2,237 SF Retail - 30 Days

521

Size
2,237 SF
Space Use
Retail
Position
-
Available
30 Days

521

Size 2,237 SF
Space Use Retail
Position -
Available 30 Days

Tenant pays electric.

Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Huntington National Bank
U.S. Bank
Hy-Vee
Starbucks
Scooter's Coffee
Cub Foods
Farrell's Extreme Bodyshaping
United Rentals

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R01-09-07-406-004
Land Assessment
$62,667 CAD
Improvements Assessment
$764,622 CAD
Total Assessment
$827,289 CAD
  • Listing ID: 35599659

  • Date on Market: 2025-04-23

  • Last Updated:

  • Address: 521-523 N Riverfront Dr, Mankato, MN 56001

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