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Mankato Commercial Listings for Sale

$220,000
7034344 MLS
For sale: New, 1,560 square foot PERSONAL OR BUSINESS CONDO GARAGE UNITS at 1038 South Victory Drive in Mankato, Minnesota. Dimensions of units are 30 feet wide, 52 feet deep, with 16-foot tall ceilings and insulated partition walls with sheetrock and white liner steel instead of just sheetrock. Each unit has the following included: 14'x14' insulated overhead door with opener, three-foot entry door, and two 3'x3' windows. Exterior perimeter foundation insulation and interior floor perimeter under-slab insulation for energy efficiency. R-25 insulation in walls and R-50 blown-in insulation in ceiling. Exterior wall and roof metal is heavier duty 26 gauge steel versus typical 29 gauge found elsewhere. Concrete footings and five-inch thick concrete floor with trench drain. Drain is connected to flammable waste tank for vehicle storage. Each unit contains a natural gas heater suspended from the ceiling and A/C can be added. Each unit has separate electrical, water, and natural gas meters. Bathroom plumbing is roughed into each unit as well. An allowance of $15,000 is included in the price if the buyer chooses to contract the electrical fixtures, plumbing, and bathroom framing themselves. Each unit has a 100-amp electrical service with fiber optic being available for internet and TV service. Parking area in front of unit has a three-foot-wide concrete apron and pipe bollards on either side of the overhead door and a 30-foot-wide by 32-foot-long asphalt surface connected to a 24-foot-wide road. Possible uses: office, warehouse for plumber, electrician, distributor, storage work shop, investment property. Personal uses for classic cars, boats, RVs, basketball gymnasium, and hobbies can be customized to the owner's needs. Property owners must conform to Mankato code. Businesses that do not require customers inside the property are allowed. Auto repair shops, welding shops, and body shops are not acceptable uses of the properties. Manager lives on site. Built by Skorr Construction, LLC who has been in business for over 50 years. Contact Arlen Skorr at (507) 380-3110 or Craig Skorr at (507) 380-3112 for further information.

1038 S Victory, Mankato

$1
7033205 MLS
Redevelopment opportunity with this historic Flour Mill Property, nestled in the heart of Sleepy Eye, Minnesota. With a rich past as a bustling flour mill that once powered the local economy, this property offers a unique blend of history, charm and potential for revitalization. The Flour Mill Redevelopment Property carries the echoes of a bygone era, today, this iconic landmark stands ready to transform into a modern multi-family residence, a welcoming senior cooperative, or a versatile warehouse space depending on your vision. One of the property's standout features is its fully functional elevator, a testament to quality craftsmanship of the past and a practical asset for any redevelopment plan. The property's strategic location along the railroad adds another layer of appeal, making transportation of goods and material efficient and seamless. Developers with a keen eye for history and a passion for transforming spaces will find a treasure trove of possibilities here. The property's historical significance opens doors to unique funding opportunities that can contribute to its transformation into a vibrant and modern community hub. Imagine a multi-family residence that seamlessly blends the nostalgia of the past with the comforts of the present, offering residents a charming yet contemporary living experience. Alternatively, envision a senior cooperative that provides a supportive and engaging environment for retirees, complete with communal spaces, modern amenities and a nod to the property's historic roots. For those with an eye on commerce, the property's potential as a warehouse space is unparalleled. Its central location and proximity to the railroad make it an ideal hub for logistics and distribution. If you're a developer with a track record of success in transforming historical properties, the Flour Mill Redevelopment Property is your canvas. For pricing guidance, please call listing agent.

141 4th, Sleepy Eye

$3,085,000
7030416 MLS
Hilltop Plaza consists of two commercial buildings located at 921/931 Madison Ave., one of Mankato’s busiest streets with traffic counts of 30,000 VPD at the intersection of Madison Avenue & Dane Street, making it a highly visible location. It is next to Community Bank and only a block from Mayo Clinic Health Systems Hospital and Mankato Clinic. 921 Madison Avenue is an 8,322 SF brick commercial building built in 2015 and has two separate units. Unit #1 is a 2,859 SF space occupied by the tenant Aerotek. This space has a high-level build-out, including in-floor heat, high ceilings, and 8’ high doors. Unit #2 is a 5,463 SF space previously occupied by Med Express and is now available for lease. This “turn-key” space has a high-level medical build-out that is only three years old and would cost over $1 million to build today. 931 Madison Avenue is an 8,000 SF 3-story building plus a lower level. The 3rd floor consists of three 1-bedroom apartments that have all been recently remodeled. The 2nd floor was recently converted from apartments to commercial office space currently occupied by multiple commercial tenants, including Landmark Real Estate. There are nine offices, a conference room, and two restrooms. The main level consists of a reception area, two restrooms, a conference room, a kitchenette, and eight private offices. One of the offices is 18 x 12, while the rest are approximately 10 x 12. All but one office has a window. This level has forced air and natural gas heat. The lower level has one separate tenant space of about 800 SF currently occupied by New York Life. The space has a private office, a reception area, and a cubicle area with room for file cabinets. In addition to the tenant space, there is a conference room, two bathrooms, three storage rooms, and a mechanical room. There is parking along the South and West sides of the building, as well as a parking lot across the alley with 15 stalls. Broker is owner.

921-931 Madison, Mankato

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