Mankato, MN Commercial Real Estate for Lease and Sale

Explore 122 listings of Mankato commercial real estate to find the best space for your business.

204 Star St

204 Star St, Mankato, MN
Property

Office

3,160 SF
Year Built

1984
For Sale

$597,000
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223 Belgrade Ave

223 Belgrade Ave, North Mankato, MN
Property

Office

4,800 SF
Availability

1 Space

1,557 SF
Year Built

1914
For Lease

$18.00/SF/YR
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Retail for downtown for sale

424 S. Front Street, Mankato, MN
Property

Retail

11,860 SF
For Sale

$750,000
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Adams Land #2

TBD #2 Adams Street, Mankato, MN
Property

Industrial
For Sale Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
1633 Monks Ave | Mankato Retail Space for Lease

1633 Monks Avenue, Mankato, MN
Property

Retail

11,760 SF
Availability

1 Space

2,814 SF
Year Built

2013
For Lease Contact for pricing
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Retail End Cap + Warehouse

121 Sioux Rd, Mankato, MN
Property

Retail

12,400 SF
Availability

4 Spaces

13,082 SF
Year Built

1989
For Lease Contact for pricing
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Shovel ready Lots Mankato

3000 Technology Drive, Mankato, MN
Property

VacantLand
For Sale

Varies By Lot
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N Victory Land

North Victory Drive, Mankato, MN
Property

VacantLand

4,846 SF
Year Built

2008
For Sale

Pricing Upon Request
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Green Thumb Garden Center

619 Hope St, Mankato, MN
Property

Other

2,268 SF
Year Built

1973
For Sale

$249,000
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110 W Lind St

110 W Lind St, Mankato, MN
Property

VacantLand

141,356 SF
Year Built

1965
For Sale

$2,400,000
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1600 Madison Ave

1600 Madison Ave, Mankato, MN
Property

Office

17,548 SF
Availability

2 Spaces

2,563 SF
Year Built

1978
For Lease Contact for pricing
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201 N. Broad St.

201 N. Broad St. , Mankato, MN
Property

Office

36,754 SF
Availability

1 Space

1,349 SF
Year Built

1919
For Lease

$17.00/SF/YR
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1961 Premier Dr

1961 Premier Dr, Mankato, MN
Property

Office

61,743 SF
Availability

25 Spaces

42,809 SF
Year Built

1995
For Lease Contact for pricing
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1038 S Victory Dr

1038 S Victory Dr, Mankato, MN
Property

Industrial

4,680 SF
For Sale

$220,000
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Mankato Brewery

1119 Center St, North Mankato, MN
Property

Industrial

23,890 SF
Year Built

1976
For Sale

$3,950,000
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1850 Adams St

1850 Adams St, Mankato, MN
Property

Other

726,795 SF
Availability

10 Spaces

112,715 SF
Year Built

1991
For Lease Contact for pricing
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Madison Ave/Carver Rd Commercial Land

Madison Ave & Carver Rd, Mankato, MN
Property

VacantLand
For Sale Contact for pricing
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145 Kingswood Rd

145 Kingswood Rd, Mankato, MN
Property

Industrial

102,072 SF
Availability

1 Space

4,513 SF
Year Built

1973
For Lease Contact for pricing
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Proposed Built - Office Building

TBD St. Andrews Drive, Mankato, MN
Property

Office

5,796 SF
For Sale

$755,000
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1531 Madison Ave

1531 Madison Ave, Mankato, MN
Property

Other

64,000 SF
Availability

1 Space

37,000 SF
Year Built

1959
For Lease

$16.00/SF/YR
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Axis Lofts - Commercial Suites

1247 Range Street, Mankato, MN
Property

Retail

25,000 SF
Availability

7 Spaces

16,353 SF
Year Built

2024
For Lease Contact for pricing
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424 N Riverfront Dr

424 N Riverfront Dr, Mankato, MN
Property

Office

30,000 SF
Availability

8 Spaces

11,453 SF
For Lease Contact for pricing
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320 Stadium Rd

320 Stadium Rd, Mankato, MN
Property

Other

6,556 SF
Availability

1 Space

1,275 SF
Year Built

2004
For Lease

$13.00/SF/MO
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OHANA

2040 Prairie Rose Dr, Mankato, MN
Property

Multi-Family

84,816 SF
Year Built

2018
For Sale Contact for pricing
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Freyberg Oil

55177 210 lane, Mankato, MN
Property

Industrial

4,890 SF
Availability

1 Space

4,890 SF
For Lease

$6.00/SF/YR
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Land Sale East Infill District

59130 Kittyhawk Circle, Mankato, MN
Property

VacantLand
For Sale Contact for pricing
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Industrial Lot 1

1020 Elevate Lane, Mankato, MN
Property

VacantLand
For Sale

$400,098
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Adams St

Adams St, Mankato, MN
Property

VacantLand
For Sale Contact for pricing
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921 Madison Ave

921 Madison Ave, Mankato, MN
Property

Office

8,400 SF
Year Built

2013
For Sale

$2,100,000
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1720 Basset Drive

1720 Bassett Dr, Mankato, MN
Property

Office

3,762 SF
Year Built

2006
For Sale

Price Upon Request
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Industrial For Sale

1415 1st Avenue, Mankato, MN
Property

Industrial

42,410 SF
For Sale

$1,300,000
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410 Belgrade Ave

410 Belgrade Ave, North Mankato, MN
Property

Retail

5,220 SF
Availability

1 Space

1,421 SF
Year Built

1983
For Lease

$13.00/SF/YR
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Former Wagon Wheel

609 S Front, Mankato, MN
Property

Retail

6,600 SF
Availability

1 Space

2,200 SF
Year Built

1921
For Lease Contact for pricing
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Rapidan School – Adaptive Reuse Opportunity

19157 Rapidan Ave, Rapidan Township, MN
Property

Other

22,840 SF
Year Built

1922
For Sale

$265,000
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320 Stadium Rd

320 Stadium Rd, Mankato, MN
Property

Retail

6,556 SF
Availability

1 Space

1,275 SF
For Lease

$14.00/SF/YR
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Webster Retail Building

1105 Range St, North Mankato, MN
Property

Retail

2,881 SF
Availability

3 Spaces

8,881 SF
Year Built

2024
For Lease

$25.00/SF/YR
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Multifamily For Sale

340 Stadium Road, Mankato, MN
Property

Multi-Family

9,829 SF
Year Built

2004
For Sale

$4,800,000
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222 Pfau Street

222 Pfau St, Mankato, MN
Property

Office

49,508 SF
Availability

1 Space

3,500 SF
Year Built

1960
For Lease Contact for pricing
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1850 Adams St

1850 Adams St, Mankato, MN
Property

Retail

726,795 SF
Availability

1 Space

8,121 SF
Year Built

1991
For Lease Contact for pricing
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1850 Adams St

1850 Adams St, Mankato, MN
Property

Retail

726,795 SF
Availability

1 Space

1,347 SF
Year Built

1991
For Lease Contact for pricing
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Elevate 22

1021 Elevate Lane, Mankato, MN
Property

Industrial

32,700 SF
Availability

1 Space

6,250 SF
Year Built

2023
For Lease

$8.00 - $14.00/SF/YR
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124 E Walnut St

124 E Walnut St, Mankato, MN
Property

Office

33,301 SF
Availability

9 Spaces

10,085 SF
Year Built

1936
For Lease Contact for pricing
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Tandem office space

210 East Walnut St., Mankato, MN
Property

Office

1,250 SF
Availability

1 Space

1,250 SF
Year Built

1896
For Lease

$1,800.00/MO
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Midtown Square

220 E Main St, Mankato, MN
Property

Office

14,722 SF
Availability

1 Space

5,249 SF
Year Built

1949
For Lease Contact for pricing
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North Mankato Salon Space

1140 South Ave, North Mankato, MN
Property

Retail

2,000 SF
Year Built

1948
For Sale

Pricing Upon Request
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Hoffman Rd/County Rd 12 Development

Hoffman Rd, Mankato, MN
Property

VacantLand
For Sale

$1,994,716
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1850 Adams St

1850 Adams St, Mankato, MN
Property

Retail

726,795 SF
Availability

1 Space

739 SF
Year Built

1991
For Lease Contact for pricing
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931 Madison Ave

931 Madison Ave, Mankato, MN
Property

Office

7,714 SF
Availability

1 Space

242 SF
Year Built

1968
For Lease

$699.00/MO
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424 North Riverfront Drive
Mogwai
424 North Riverfront Drive, Mankato, MN
Services

Meeting Room

Private Office

Dedicated Desk
Amenities

High-speed internet

Lockable filing cabinets

Lockers

Office furniture

Parking

Printer

Privacy booths

Projector

Standing desks

TV/Monitor
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100 Warren Street
Workspace ON3
100 Warren Street #300, Mankato, MN
Services

Meeting Room

Private Office
Amenities

Breakout spaces

Cleaning services

Complimentary coffee & tea

Free water

High-speed wifi

IT support

Kitchen

Mail services

Office supplies

Paper shredding services
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Venstar Land 6.98 Acres

TBD St. Andrews Drive, Mankato, MN
Property

VacantLand
For Sale

$1,520,245
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Venstar Subdivision

NEQ of N Victory Dr & MN 22, Mankato, MN
Property

Other
For Sale Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Mankato commercial real estate market incorporates 142,869 square feet of office space across 35 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Mankato commercial real estate market includes 430,286 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Mankato market, there is a total of 265,204 square feet of industrial property.

The listing inventory in Mankato incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Mankato is represented by Retail space, which accounts for 246,774 square feet of available listings. Office space available in Mankato adds up to 125,096 square feet.

Meanwhile, most of the listings of commercial property for sale in Mankato are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Mankato is $15.96 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Mankato can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Mankato, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $62.22 per square foot. In particular, the property type commanding the highest lease rates in Mankato was Retail space.

The average size of a commercial property in Mankato depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Mankato, the average size of an office property is 7,144 square feet.
Retail properties here incorporate an average of 23,905 square feet.
Industrial space in Mankato is in buildings that are, on average 29,468 square feet in size.

Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Mankato currently add up to 728,182 square feet. The market offers 27 active office listing(s), which amount to 124,871 square feet and account for 39% of commercial spaces on the market. Local retail availability includes 232,498 square feet across 30 retail space(s). Industrial space for rent opportunities in Mankato amount to 71,567 square feet across a total of 6 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	27	124,871
Retail	30	232,498
Industrial	6	71,567
Other	6	299,246

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Mankato, MN. Currently, there is 471,776 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 6 retail investment opportunity listing(s) , and 7 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	8	49,320
Retail	6	28,640
Industrial	7	80,256
Other	27	313,560

Mankato, MN Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Mankato, MN?

What factors affect the price of commercial real estate in Mankato, MN?

What is the average rent for commercial space in Mankato, MN?

What are the best areas for commercial real estate in Mankato, MN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Mankato, MN?

Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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