North Mankato, MN Commercial Real Estate for Lease and Sale

Explore 15 listings of North Mankato commercial real estate to find the best space for your business.

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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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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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 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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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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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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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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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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FedEx Investment Opportunity

1121 Cross St, North Mankato, Mankato, MN
Property

Office

11,500 SF
Year Built

1998
For Sale

$1,250,000
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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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201 N Riverfront Dr

201 N Riverfront Dr, Mankato, MN
Property

Office

69,000 SF
Availability

1 Space

1,535 SF
Year Built

2019
For Lease

$21.00/YR
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1418 N Riverfront Dr

1418 N Riverfront Dr, Mankato, MN
Property

Other

8,000 SF
Availability

1 Space

3,200 SF
Year Built

1951
For Lease

$10.00/SF/YR
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Riverfront Dr Lease

521 North Riverfront Drive, North Mankato, MN
Property

Retail

3,344 SF
Availability

1 Space

2,237 SF
Year Built

1896
For Lease Contact for pricing
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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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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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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 North Mankato commercial real estate market incorporates 4,800 square feet of office space across 2 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 North Mankato commercial real estate market includes 9,073 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 23,890 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 25,736 square feet of available listings. Office space available in North Mankato adds up to 1,557 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:

In North Mankato, the average size of an office property is 4,800 square feet.
Retail properties here incorporate an average of 2,269 square feet.
Industrial space in North Mankato is in buildings that are, on average 23,890 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 27,293 square feet. The market offers 1 active office listing(s), which amount to 1,557 square feet and account for 25% of commercial spaces on the market. Local retail availability includes 25,736 square feet across 3 retail space(s).

Property Type	Count of Listings	Total SF
Office	1	1,557
Retail	3	25,736

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 43,629 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 3 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	11,500
Retail	3	8,239
Industrial	1	23,890

North Mankato, MN Commercial Real Estate for Lease and Sale

410 Belgrade Ave

North Mankato Salon Space

N Mankato Lor Ray and HWY 14

North Mankato Industrial

223 Belgrade Ave

Webster Retail Building

Range and Webster Retail Building

Mankato Brewery

FedEx Investment Opportunity

124 E Walnut St

201 N Riverfront Dr

1418 N Riverfront Dr

Riverfront Dr Lease

Retail for downtown for sale

N Victory Land

Frequently Asked Questions

North Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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North 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 North Mankato, MN?

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

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

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

North Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us