Mankato, MN Commercial Real Estate for Lease and Sale

Explore 90 listings of Mankato commercial real estate for lease and for sale to find the best space for your business.

Madison Square

301 Madison Avenue, Suite 305, Mankato, MN
Property

Office

4,454 SF
Availability

1 Space

742 SF
Year Built

1986
For Lease

$15.00/SF/YR
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1020 S Victory Dr # A

1020 S Victory Dr # A, Mankato, MN
Property

Office

1,080 SF
Year Built

2017
For Sale

$189,000
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600 S Riverfront Dr

600 S Riverfront Dr, Mankato, MN
Property

Retail

14,118 SF
Availability

1 Space

2,115 SF
Year Built

2008
For Lease Contact for pricing
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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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2120 Howard Dr W

2120 Howard Dr W, North Mankato, MN
Property

Industrial

5,184 SF
Availability

1 Space

5,184 SF
Year Built

2008
For Lease

$9.00/SF/YR
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1850 Adams St

1850 Adams St, Mankato, MN
Property

Retail
Availability

1 Space

9,855 SF
Year Built

1991
For Lease Contact for pricing
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125 Saint Andrews Ct

125 Saint Andrews Ct, Mankato, MN
Property

Office
Availability

2 Spaces

2,128 SF
For Lease Contact for pricing
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1850 Adams St

1850 Adams St, Mankato, MN
Property

Retail

71,046 SF
Availability

1 Space

71,046 SF
Year Built

1991
For Lease

$1.00/SF/MO
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Heights Plaza For Lease

1901 Madison Ave, Mankato, MN
Property

Retail

137,968 SF
Availability

2 Spaces

16,457 SF
Year Built

2001
For Lease Contact for pricing
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3000 Technology Drive

3000 Technology Drive, Mankato, MN
Property

VacantLand
For Sale

Varies By Lot
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1850 Adams St

1850 Adams St, Mankato, MN
Property

Retail

726,795 SF
Availability

1 Space

1,347 SF
Year Built

1991
For Lease Contact for pricing
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Adams Land #2

TBD #2 Adams Street, Mankato, MN
Property

VacantLand
For Sale

Subject To Offer
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Industrial For Sale or Lease

1415 1st Avenue, Mankato, MN
Property

Industrial

42,410 SF
Availability

3 Spaces

6,386 SF
For Lease

$6.00 - $13.71/SF/YR
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342 Belgrade Ave

342 Belgrade Ave, North Mankato, MN
Property

Office

6,917 SF
Availability

1 Space

6,917 SF
Year Built

1946
For Lease

$12.00 - $17.00/SF/YR
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1600 Madison Ave

1600 Madison Ave, Mankato, MN
Property

Office

17,548 SF
Availability

2 Spaces

2,563 SF
Year Built

1978
For Lease Contact for pricing
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628 S Front St

628 S Front St, Mankato, MN
Property

Retail

2,062 SF
Availability

1 Space

2,062 SF
Year Built

1924
For Lease

$12.00/SF/MO
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Multifamily For Sale

340 Stadium Road, Mankato, MN
Property

Multi-Family

9,829 SF
Year Built

2004
For Sale

$4,800,000
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Midtown Square

220 E Main St, Mankato, MN
Property

Office

14,722 SF
Year Built

1949
For Sale Contact for pricing
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204 W Ruth St

204 W Ruth St, Mankato, MN
Property

Other

7,200 SF
Availability

1 Space

196 SF
Year Built

1950
For Lease

$196.00/SF/MO
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1850 Madison Ave

1850 Madison Ave, Mankato, MN
Property

Retail

346,738 SF
Availability

1 Space

35,000 SF
Year Built

1985
For Lease

$25.00/SF/YR
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320 Stadium Rd

320 Stadium Rd, Mankato, MN
Property

Other

6,556 SF
Availability

1 Space

1,275 SF
Year Built

2004
For Lease

$13.00/SF/MO
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Industrial For Sale or Lease

1415 1st Avenue, Mankato, MN
Property

Industrial

42,410 SF
For Sale

$1,500,000
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424 N Riverfront Dr

424 N Riverfront Dr, Mankato, MN
Property

Office

30,000 SF
Availability

8 Spaces

11,453 SF
For Lease Contact for pricing
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1400 Madison Ave

1400 Madison Ave, Mankato, MN
Property

Other
Availability

5 Spaces

9,251 SF
Year Built

1968
For Lease

$8.00 - $22.00/SF/YR
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Graif Building

3 Civic Center Plaza, Mankato, MN
Property

Office

29,238 SF
Availability

1 Space

2,310 SF
Year Built

1892
For Lease

$12.00/SF/YR
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Highway 14 Development Site

US Highway 14, Mankato, MN
Property

VacantLand
For Sale 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. The Mankato commercial real estate market incorporates 64,153 square feet of office space across 22 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 Mankato commercial real estate market includes 382,665 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 Mankato market, there is a total of 316,311 square feet of industrial property.

The listing inventory in 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 Mankato is represented by Retail space, which accounts for 191,881 square feet of available listings. Office space available in Mankato adds up to 102,902 square feet.

Meanwhile, most of the listings of commercial property for sale in Mankato are in the Office 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 Mankato is $15.44 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 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 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 $64 per square foot. In particular, the property type commanding the highest lease rates in Mankato was Retail space.

The average size of a commercial property in 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 Mankato, the average size of an office property is 10,693 square feet.
Retail properties here incorporate an average of 47,834 square feet.
Industrial space in Mankato is in buildings that are, on average 45,188 square feet in size.

Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Mankato currently add up to 623,892 square feet. The market offers 17 active office listing(s), which amount to 116,267 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 203,595 square feet across 23 retail space(s). Industrial space for rent opportunities in Mankato amount to 75,083 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	17	116,267
Retail	23	203,595
Industrial	5	75,083
Other	10	228,947

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 Mankato, MN. Currently, there is 247,227 square feet of commercial property for sale here , which includes 7 office building(s) for sale , 1 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	7	51,288
Retail	1	3,560
Industrial	3	56,810
Other	21	135,569

Mankato, MN Commercial Real Estate for Lease and Sale

Madison Square

1020 S Victory Dr # A

600 S Riverfront Dr

FedEx Investment Opportunity

2120 Howard Dr W

1850 Adams St

125 Saint Andrews Ct

1850 Adams St

Heights Plaza For Lease

3000 Technology Drive

1850 Adams St

Adams Land #2

Industrial For Sale or Lease

342 Belgrade Ave

1600 Madison Ave

628 S Front St

Multifamily For Sale

Midtown Square

204 W Ruth St

1850 Madison Ave

320 Stadium Rd

Industrial For Sale or Lease

424 N Riverfront Dr

1400 Madison Ave

Graif Building

Highway 14 Development Site

Frequently Asked Questions

Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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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 Mankato, MN?

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

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

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

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