North Mankato, MN Commercial Real Estate for Lease and Sale

Explore 10 listings of North Mankato commercial real estate to find the best space for your business.

229 Belgrade Ave

229 Belgrade Ave, North Mankato, MN
Property

Retail

2,900 SF
Year Built

1925
For Sale

$499,000
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Range and Webster Retail Building

1103 Range Street, North Mankato, MN
Property

Retail

1,513 SF
Availability

5 Spaces

15,434 SF
Year Built

2024
For Lease

$25.00 - $30.00/SF/YR
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North Mankato Industrial

2120 Howard Dr , North Mankato, MN
Property

Industrial

43,959 SF
Availability

1 Space

4,974 SF
Year Built

2008
For Lease Contact for pricing
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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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N Mankato Lor Ray and HWY 14

1801 Lor Ray Drive, North Mankato, MN
Property

VacantLand
For Sale

$1,400,000
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North Mankato Salon Space

1140 South Ave, North Mankato, MN
Property

Retail

2,000 SF
Availability

1 Space

2,000 SF
Year Built

1948
For Lease Contact for pricing
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D and K Powder Coating

2240 West Howard Drive, North Mankato, MN
Property

Industrial

77,000 SF
Year Built

2015
For Sale

$25,000,000
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1119 Center St

1119 Center St, North Mankato, MN
Property

Industrial

23,890 SF
Year Built

1976
For Sale

$2,450,000
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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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300 Belgrade Ave

300 Belgrade Ave, North Mankato, MN
Property

Other

7,800 SF
Availability

2 Spaces

3,140 SF
For Lease 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.
  
  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 North Mankato commercial real estate market includes 8,394 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 North Mankato market, there is a total of 120,959 square feet of industrial property.
The listing inventory in North 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 North Mankato is represented by Retail space, which accounts for 26,315 square feet of available listings. Industrial space available in North Mankato adds up to 4,974 square feet.

Meanwhile, most of the listings of commercial property for sale in North Mankato are in the Retail 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 North Mankato is $26.25 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 North 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 North 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 $30 per square foot.
The average size of a commercial property in North 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:
- Retail properties here incorporate an average of 2,099 square feet.
- Industrial space in North Mankato is in buildings that are, on average 60,480 square feet in size.

North Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in North Mankato currently add up to 34,429 square feet. Local retail availability includes 26,315 square feet across 3 retail space(s). Industrial space for rent opportunities in North Mankato amount to 4,974 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Retail	3	26,315
Industrial	1	4,974
Other	1	3,140

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 North Mankato, MN. Currently, there is 81,900 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	2	4,900
Industrial	1	77,000

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

North Mankato, MN Commercial Real Estate for Lease and Sale

229 Belgrade Ave

Range and Webster Retail Building

North Mankato Industrial

Webster Retail Building

N Mankato Lor Ray and HWY 14

North Mankato Salon Space

D and K Powder Coating

1119 Center St

North Mankato Salon Space

300 Belgrade Ave

Frequently Asked Questions

North Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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