Riverfront Plaza 1400 South Riverfront Drive
Mankato, MN 56001
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Office For Sale - Available Immediately
Retail | 3,724 SF | 100% Occupied
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AJ Prins
AP
Sean Doyle
SD
CBRE is pleased to present qualified investors the opportunity to acquire Riverfront Plaza in Mankato, MN. This single story 3,724 square foot retail center was fully renovated in 2016 and is fully occupied by three tenants. The property is well positioned at the signalized intersection of S River Front Drive and Poplar Street. The building benefits from its direct visibility off Highway 169 (31,000+ vpd) the main thoroughfare that connects Mankato to the Twin Cities. The immediate trade area is further enhanced by major traffic drivers including Cub Foods, Mankato West High School, The YMCA, and several new high density residential developments.
Riverfront Plaza is 100% occupied and has a history of strong tenant demand. The rent roll consists of service-based tenants that are resistant to E-commerce competition and market disruptions. The asking price is significantly below replacement cost and rent is set to market or below market levels. This stabilized retail center offers a new owner attractive in-place income from a well-balanced rent roll. In addition to the desirable returns a new owner will also benefit from the long-term appreciative value this location and trade area have to offer.
Mankato, MN is located approximately 80 miles southwest of the Twin Cities. With a population of 47,000+ residence Mankato serves as an economic and employment hub for many surrounding communities in Southern MN. The city is also home to Minnesota State University Mankato which has 2025 enrollment of 13,000+ students.
Riverfront Plaza is 100% occupied and has a history of strong tenant demand. The rent roll consists of service-based tenants that are resistant to E-commerce competition and market disruptions. The asking price is significantly below replacement cost and rent is set to market or below market levels. This stabilized retail center offers a new owner attractive in-place income from a well-balanced rent roll. In addition to the desirable returns a new owner will also benefit from the long-term appreciative value this location and trade area have to offer.
Mankato, MN is located approximately 80 miles southwest of the Twin Cities. With a population of 47,000+ residence Mankato serves as an economic and employment hub for many surrounding communities in Southern MN. The city is also home to Minnesota State University Mankato which has 2025 enrollment of 13,000+ students.
Mankato, MN is located in south-central Minnesota, approximately 80 miles southwest of the Twin Cities. Situated along the scenic Minnesota River, Mankato offers a picturesque setting with rolling hills, lush greenery and abundant outdoor recreational opportunities. The city serves as the county seat of Blue Earth County and is considered a regional hub for commerce, education, and healthcare. With its prime location, Mankato provides easy access to major highways and transportation routes, making it a convenient destination for both residents and visitors alike.
Mankato is home to several major employers and corporate headquarters, creating a strong job market and ample career opportunities. The city also benefits from its strategic location, with easy access to major transportation routes and a well-developed infrastructure that facilitates trade and commerce. The presence of Minnesota State University, Mankato and other educational institutions in the area provides a skilled and educated workforce, contributing to the city’s economic growth. Overall, Mankato’s favorable economic conditions, diverse industries and strategic location make it an attractive destination for businesses and individuals looking for economic opportunity.
Mankato is home to several major employers and corporate headquarters, creating a strong job market and ample career opportunities. The city also benefits from its strategic location, with easy access to major transportation routes and a well-developed infrastructure that facilitates trade and commerce. The presence of Minnesota State University, Mankato and other educational institutions in the area provides a skilled and educated workforce, contributing to the city’s economic growth. Overall, Mankato’s favorable economic conditions, diverse industries and strategic location make it an attractive destination for businesses and individuals looking for economic opportunity.
Sale Price
Contact Broker For Pricing
Get in touch
AJ Prins
AP
Sean Doyle
SD