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For more information on this property, contact Weichert Realtors Community Group at 507-345-1111 or info@weichertcommunitygroup.com

921-931 Madison Avenue
Mankato, Minnesota MN 56001
Price: $3,085,000
Listing ID 7030416
Status ACTIVE
Year Built 2015

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.

Primary Features

County: Blue Earth County
Property Sub Type: Commercial
Property Type: Commercial
Year Built: 2015

Interior

Air Conditioning: Central
Heat: Forced Air

External

Construction Type: Concrete Block
Exterior: Brick
Foundation Size: 10919
Fuel: Natural Gas
Road Frontage: City Street
Roof: Rubber
Sewer: City
Water: City
Waterfront: no

Location

Area: MANKATO HILLTOP
School District: Mankato #77

Additional

Amenities: Fire Alarm, Kitchen Area, Restrooms, Sprinkler System
Classification: Commercial
Rental License: yes

Financial

Assessment Balance: 2160.59
Assessments: Yes
Lender Owned: No
Sale Includes: Building, Land
Sale/Lease: For Sale
Sale/Rent: For Sale
Tax Amount: 46599.41
Tax Year: 2022
Taxes With Assessments: 48787

Zoning Info


© 2024 REALTOR® Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of RASM. Real estate listings held by IDX Brokerage firms other than Weichert Realtors Community Group are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Thursday, March 28th, 2024.

Contact - Listing ID 7030416

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Weichert Realtors Community Group

Mankato, MN 56001
Phone: 507-345-1111

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