500 S Riverfront Drive, 514, Mankato, MN 56001

$2,000
Property Type: Commercial Baths: 3 Lot Size (sq. ft.): 29,185 Status: Closed
Current Price: $2,000 List Date: 11/30/2023 Last Modified: 6/08/2025

Overview

Description

Stunning commercial space now available for lease in this highly visible retail strip in the heart of the city center! This endcap is move-in ready with open reception area including built in desk, 4 private offices, 2 ADA compliant bathrooms of approximately 1500 SF of finished space in the front portion of the endcap plus additional half bath and approximately 1092 SF of unfinished vanilla shell in the back. The strip center is also home to 2 national restaurant chains (Papa Murphy’s and Jersey Mike’s). Newer monument sign with space available for Tenant signage. Could be office or retail. Traffic counts average of 18,600 VPD. This strip center is home to two national restaurant chains. Approximately 2592 SF with attractive gross lease.

Listing Details MLS# 6464737

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Year Built
1996
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
152520
For Sale or Lease
For Lease
Acres
0.67
Lot Dimensions
29600
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: Partially Wheelchair CMU Style: Office; Retail/Shopping Center Construction Status: Previously Owned Current Use: Vacant Exterior: Block; Brick/Stone Fuel: Natural Gas Heating: Forced Air Lease Details: Gross On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot; Paved Lot; Unassigned; Uncovered/Open Potential Use: Office; Professional; Retail Sewer: City Sewer - In Street Tenant Pays: Broadband; Janitorial Service Water: City Water - In Street

Contract Information

Digitally Altered Photos
No
Off Market Date
2023-12-27
Closed Date
2023-12-27
Sales Close Price
2000
Original List Price
2500
Contingency
None
ListPrice
2500
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
500
Street Direction Prefix
S
Street Name
Riverfront
Street Suffix
Drive
Unit Number
514
Postal City
Mankato
County
Blue Earth
State
MN
Zip Code
56001
Complex/Dev/Subdivision
Riverfront Plaza 2

Assessments

Assessment Balance
734
Tax With Assessments
29698

Building Information

Building Finished SqFt
14520
Building SqFt
15520

More Information

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Monthly
Gross
Yes

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Other

Unit 1

Unit Number
514
Monthly Rent
2500
Half Baths
3
Total Bathrooms
3
Total Rooms
8
Unit Total SqFt
2592
Leased?
No

Unit Details

Total Units
4

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

Listing City
Mankato
Map Page
999
Municipality
Mankato
Rental License?
No
School District
Mankato
School District Phone
507-387-1868
County Abbreviation
514
Zip Plus 4
3536
Property ID Number
R010918102008
Tax Year
2023
Tax Amount
28964
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Stunning commercial space now available for lease in this highly visible retail strip in the heart of the city center! This endcap is move-in ready with open reception area including built in desk, 4 private offices, 2 ADA compliant bathrooms of approximately 1500 SF of finished space in the front portion of the endcap plus additional half bath and approximately 1092 SF of unfinished vanilla shell in the back. The strip center is also home to 2 national restaurant chains (Papa Murphy’s and Jersey Mike’s). Newer monument sign with space available for Tenant signage. Could be office or retail. Traffic counts average of 18,600 VPD. This strip center is home to two national restaurant chains. Approximately 2592 SF with attractive gross lease.
Directions
Located within Riverfront Plaza on the corner of Riverfront and Cherry Street in downtown Mankato.

Accessible

Partially Wheelchair
Yes

Construction Status

Previously Owned
Yes

Exterior

Block
Yes
Brick/Stone
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Parking Lot
Yes
Paved Lot
Yes
Unassigned
Yes
Uncovered/Open
Yes

Sewer

City Sewer - In Street
Yes

Water

City Water - In Street
Yes

Tenant Pays

Broadband
Yes
Janitorial Service
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Office
Yes
Retail/Shopping Center
Yes

Current Use

Vacant
Yes

Potential Use

Office
Yes
Professional
Yes
Retail
Yes
IDX
Listing Office: True Real Estate
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.