Mankato, MN Commercial Real Estate for Lease and Sale

Explore 114 listings of Mankato commercial real estate to find the best space for your business.

Adams Street Shops

1861 Adams Street, Mankato, MN
Property

Retail

12,988 SF
Availability

1 Space

1,553 SF
Year Built

1994
For Lease Contact for pricing
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USDA Office Building

1160 Victory Drive, Mankato, MN
Property

Office

11,930 SF
Availability

2 Spaces

7,345 SF
For Lease

$14.25/SF/YR
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611 N Riverfront Dr

611 N Riverfront Dr, Mankato, MN
Property

Other

6,768 SF
Year Built

1894
For Sale Contact for pricing
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119 State St

119 State St, Mankato, MN
Property

Other

7,612 SF
For Sale Contact for pricing
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Venstar Land 6.98 Acres

TBD St. Andrews Drive, Mankato, MN
Property

VacantLand
For Sale

$1,520,245
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100 Warren Street
Workspace ON3
100 Warren Street #300, Mankato, MN
Services

Meeting Room

Private Office
Amenities

A/V equipment

Accessible

Breakout spaces

Business address

Business lounge

Cleaning services

Complimentary coffee & tea

Ethernet

Free water

High-speed wifi
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Victory Properties

US Highway 14 & N Victory Dr, Mankato, MN
Property

VacantLand
For Sale Contact for pricing
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North Victory Place

NEQ of Hwy 14 & N Victory Dr Mankato, Mankato, MN
Property

Retail

60,719 SF
Availability

2 Spaces

15,000 SF
For Lease Contact for pricing
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River City Center

1740 Madison Ave, Mankato, MN
Property

Retail

125,000 SF
Availability

1 Space

10,035 SF
Year Built

1971
For Lease Contact for pricing
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Pepper Property

1401 North Victory Drive, Mankato, MN
Property

VacantLand
For Sale

$1,500,000
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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 599,615 square feet of office space across 30 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 329,407 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 252,753 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 Office space, which accounts for 234,484 square feet of available listings. Retail space available in Mankato adds up to 220,852 square feet.

Meanwhile, most of the listings of commercial property for sale in Mankato are in the Industrial 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 $14.93 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 $44.44 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 27,256 square feet.
- Retail properties here incorporate an average of 21,961 square feet.
- Industrial space in Mankato is in buildings that are, on average 25,276 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 778,371 square feet. The market offers 25 active office listing(s), which amount to 236,019 square feet and account for 38% of commercial spaces on the market. Local retail availability includes 212,680 square feet across 29 retail space(s). Industrial space for rent opportunities in Mankato amount to 40,534 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	25	236,019
Retail	29	212,680
Industrial	4	40,534
Other	7	289,138

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 604,696 square feet of commercial property for sale here , which includes 7 office building(s) for sale , 8 retail investment opportunity listing(s) , and 8 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	7	91,088
Retail	8	38,652
Industrial	8	165,534
Other	27	309,422

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Mankato, MN Commercial Real Estate for Lease and Sale

Adams Street Shops

USDA Office Building

611 N Riverfront Dr

119 State St

Venstar Land 6.98 Acres

100 Warren Street

Victory Properties

North Victory Place

River City Center

Pepper Property

Frequently Asked Questions

Mankato, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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