424 South Front St

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424 South Front St

Mankato, MN 56001
Asking Price
$425K
Asset Type
Retail
Class
Class B

What's Special

424 South Front Street is situated in the heart of downtown Mankato, within a high-visibility corridor characterized by historic architecture and diverse commercial activity. The neighborhood features a mix of professional offices, local boutiques, and established dining establishments. The property is positioned near regional attractions such as the Mayo Clinic Health System Event Center and is a short distance from the Minnesota River. Accessibility is provided via major local thoroughfares, including Riverfront Drive and Highway 14, with several public parking structures and transit stops located within the immediate vicinity. The property is suited for a variety of retail applications, including soft goods shops, specialty services, or showroom space. Its layout and street-level presence cater to businesses seeking consistent pedestrian traffic and visibility within a central business district. Potential tenants typically include regional retailers, service-oriented franchises, or independent entrepreneurs looking for a location with established infrastructure and proximity to a concentrated daytime employee base. The site offers functional space for tenants requiring a blend of customer-facing floor area and back-of-house operational support.

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NOI
$80,000
Cap Rate
18.82%
DSCR
3.17
Strong
Cash-on-Cash
42.96%
Monthly Payment
$2,102.668
Annual Cash Flow
$54,767.983

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