$ 3,085,000
921-931 Madison Avenue Mankato, MN 56001
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$ 3,085,000
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$ 3,085,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 7030416
Style Concrete Block
Year Built 2015
Annual Tax Amount $46,599
Tax Year 2022
Property Description
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.
Location
State MN
County Blue Earth County
Area Mankato Hilltop
Interior
Heating Forced Air
Cooling Central
Exterior
Exterior Feature Brick
Amenities Available Fire Alarm, Kitchen Area, Restrooms, Sprinkler System
Waterfront No
Roof Type Rubber
Building
Foundation 10919
Sewer City
Water City
Structure Type Concrete Block
Schools
School District Mankato #77
Others
Energy Description Natural Gas
Listed by LANDMARK REAL ESTATE
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Angie VanEman Lynch
Broker Associate | License ID: 40352569