Retail Space - For Sale
1861 Madison Avenue Mankato, MN 56001
Details & Description
Price: $3,114,738
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.380
  • Building Sq Ft 5,045
  • Building Price per Sq Ft $617.39
  • Land Sq Ft 60,112
  • Land Price per Sq Ft $51.82
  • NOI $202,458
  • CAP Rate % 6.50
Brisky Net Lease is pleased to offer this Bakers Square restaurant in the vibrant southern Minnesota community of Mankato. This long established Bakers Square has an NNN Lease with zero landlord responsibilities. The building features over 5,000 SF on a 1+ acre corner lot, high traffic counts, & superb access. Appreciate great underlying real estate with possible potential for future redevelopment.Mankato is located 80 miles southwest of Minneapolis and just 50 miles north of the Iowa border. The community serves as an economic and shopping hub for a large surrounding area in southern Minnesota. This Bakers Square is located at the center of a larger retail corridor that includes several national retail tenants such as Walmart, Sam's Club, T.J. Maxx, Petco, Michaels, Five Below, ULTA, Hy-Vee and the River Hills Mall in close proximity. The community has strong demographics and a consistently growing population.Known for incredible pies, Bakers Square pies have placed first in the American Pie Council National Pie Championships not once, but over 300 times in the last decade. Bakers Square was founded in 1969 as Mrs. C's in Des Moines, Iowa. In July 2021, VIBSQ Holdings was sold to BBQ Holdings, Inc. and is now owned and managed by the parent company of Famous Dave's BBQ.
Property Highlights
Additional Photos
Listing Agents
Brian Brisky

O: 612-413-4200
M: 715-529-4441
info@brisky.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1861 Madison Avenue

Mankato, MN 56001

High Traffic Corner in Mankato

Listing ID: 300037
$3,114,738
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.380
  • Building Sq Ft 5,045
  • Building Price per Sq Ft $617.39
  • Land Sq Ft 60,112
  • Land Price per Sq Ft $51.82
  • NOI $202,458
  • CAP Rate % 6.50
  • 1861 Madison Avenue Mankato, MN 56001 | for Sale | Photo 1
  • 1861 Madison Avenue Mankato, MN 56001 | for Sale | Photo 2
  • 1861 Madison Avenue Mankato, MN 56001 | for Sale | Photo 3
  • 1861 Madison Avenue Mankato, MN 56001 | for Sale | Photo 4
  • 1861 Madison Avenue Mankato, MN 56001 | for Sale | Photo 5
1861 Madison Avenue | for Sale | Thumbnail 1
1861 Madison Avenue | for Sale | Thumbnail 2
1861 Madison Avenue | for Sale | Thumbnail 3
1861 Madison Avenue | for Sale | Thumbnail 4
1861 Madison Avenue | for Sale | Thumbnail 5
Property Highlights
 Absolute NNN Lease with Zero Landlord Responsibilities
 High Profile Location with Great Underlying Real Estate
 Surrounded by National Retail Tenants
 Close Proximity to River Hills Mall
 Longterm Established Tenant
Description

Brisky Net Lease is pleased to offer this Bakers Square restaurant in the vibrant southern Minnesota community of Mankato. This long established Bakers Square has an NNN Lease with zero landlord responsibilities. The building features over 5,000 SF on a 1+ acre corner lot, high traffic counts, & superb access. Appreciate great underlying real estate with possible potential for future redevelopment.

Mankato is located 80 miles southwest of Minneapolis and just 50 miles north of the Iowa border. The community serves as an economic and shopping hub for a large surrounding area in southern Minnesota. This Bakers Square is located at the center of a larger retail corridor that includes several national retail tenants such as Walmart, Sam's Club, T.J. Maxx, Petco, Michaels, Five Below, ULTA, Hy-Vee and the River Hills Mall in close proximity. The community has strong demographics and a consistently growing population.

Known for incredible pies, Bakers Square pies have placed first in the American Pie Council National Pie Championships not once, but over 300 times in the last decade. Bakers Square was founded in 1969 as Mrs. C's in Des Moines, Iowa. In July 2021, VIBSQ Holdings was sold to BBQ Holdings, Inc. and is now owned and managed by the parent company of Famous Dave's BBQ.

Loan and Amortization Calculator

Listing Price
Down Payment

Loan Amount:
Interest Rate:
Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Mankato Area Market Trends

Listing Demographics for 1861 Madison Avenue Mankato, MN 56001

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population3,58932,69757,218
Population Median Age403435
Population by Age0-9 Yrs306 (8%)3122 (9%)6402 (11%)
10-19 Yrs586 (16%)4681 (14%)8196 (14%)
20-29 Yrs551 (15%)10550 (32%)14962 (26%)
30-39 Yrs414 (11%)3779 (11%)7150 (12%)
40-49 Yrs461 (12%)2742 (8%)5096 (8%)
50-59 Yrs313 (8%)2360 (7%)4901 (8%)
60-69 Yrs491 (13%)2914 (8%)5583 (9%)
70+ Yrs466 (12%)2549 (7%)4928 (8%)
Median HH Income$56,922$49,483$57,389
Total Household Income< 24K262 (17%)3274 (24%)4672 (20%)
25-49K314 (20%)3354 (25%)5412 (23%)
50-74K356 (23%)2250 (17%)3939 (17%)
75-99K190 (12%)1763 (13%)3241 (14%)
100-199K295 (19%)2214 (16%)4499 (19%)
200K+81 (5%)307 (2%)850 (3%)
Highest Education LevelNo Diploma23910631722
Diploma or GED64640947750
Some College37636756426
Assoc. Degree26420643823
Bachelors Degree54341518405
Higher Degree27020114246
Total Housing Units1,60114,27524,501
--Owner-Occupied8606,15812,654
--Renter-Occupied6377,0049,960
Owner-Occupied Values< 100K1008621514
100-199K24927205136
200-299K34517713973
300-399K1194661083
400-499K19141400
500K+28197549
Total Working Age Population2,87127,78047,452
In Work Force1,89620,07334,014
Not In Work Force9757,70713,438
Workforce Employed1,75019,10632,527
Workforce Unemployed1439361,425
Civlian Workforce1,89420,04233,952
Military Workforce23162
Total Households1,49713,16222,614
Family Households8606,21512,127
Non-Family Households6376,94710,487
Married Couple5934,2048,815
Other Family2672,0103,312
Married w/Child2661,7633,576
Single Male w/Child78493796
Single Female w/Child857181,265

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Nicollet County29,771+1032,727+433,965+234,748
Blue Earth County55,941+1464,013+768,348+471,389

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
1900 Adams Street, Mankato, MN $4,725,683 5443 1.32
108 South Minnesota Avenue, Saint Peter, MN $851,200 17024 0.53
716 13th Street East, Glencoe, MN $295,000 4394 -
930 Minnesota 3, Northfield, MN $1,865,942 10640 1.49
1311 West Front Street, Albert Lea, MN $199,000 3192 0.69
2215 East Main Street, Albert Lea, MN $2,074,074 4230 1.58
2800 Chaska Boulevard, Chaska, MN $825,000 4015 0.53
925 County Road 42 West, Burnsville, MN $2,421,000 15681 0.36
249 State Street, West Concord, MN $1,606,207 9100 1.57
7525 148th Street West, Apple Valley, MN CALL 9333 -
Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 61
Rochester International Airport (RST) 74
Sioux Gateway Airport / Brigadier General Bud Day Field (SUX) 173
Listing Agent
More listings from Brian Brisky
Featured Local Vendors
• SUPPORT OUR FREE PLATFORM •
The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
• Appraisal Company •
AmeriMac logo
Proper valuation for buying or selling
• Commercial Surveying •
• SE0/SEM •
Foreignerds logo
Organic & Social Media Marketing
• Environmental Studies •
• Digital Media Services •
• Port-a-Potty •
Porta Potty Dogs  logo
Sometimes you just need to go....
• Dumpster Service •
Dumpster Rental Dogs  logo
Dumpsters delivered to your door!

Share