Mankato, MN Commercial Property for Sale (12 Real Estate Listings)
Mankato, MN Real Estate Statistics
Property Types (active listings)
As of November 28, 2023 there are 12 active Mankato, MN commercial real estate listings for sale with an average listing price of $549,308. The highest-priced commercial property listing is $3,085,000, while the lowest priced commercial property can be purchased for $15. Mankato, MN Commercial properties for sale have an average price of $64 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 17,735 square feet of living space.
Mankato, MN Commercial Real Estate & Properties
Are you looking for a new commercial real estate property in Mankato, Minnesota? We specialize in helping businesses find the perfect property to lease or purchase, and we have a wide range of properties available in Mankato. Contact us today to learn more about our commercial real estate services in Mankato, Minnesota.
Mankato, Minnesota's History
Mankato's history began in the 1700s when the first Europeans came through looking for the Northwestern Passage to the Far East. Parsons K. Johnson and Henry Jackson 1852 staked the first claims in Mankato.
The city was officially founded in 1858 and was named after the Dakota chief, Mankato. The town grew rapidly during the 1860s and 1870s due to the Minnesota River Valley Railroad construction. The city became an important trading center for southern Minnesota and northern Iowa.
The city continued to grow in the early 20th century with the addition of several factories. The population peaked in 1960 at just over 31,000 people. The city has since experienced a population decline but has remained an important regional center.
Mankato, Minnesota's Demographics
Mankato's 2020 population of 45,524 makes it the 22nd-largest city in Minnesota. Mankato is located in Blue Earth County. Mankato covers 19 square miles. The median age in Mankato is 32 years old, and most residents (86.8%) are white. Other Ethnic groups present in smaller percentages include black or African American (6.22%), Asian (3.32%), two or more races (2.32%), and other races (1.01%). Native Americans comprise a tiny percentage of the population, at only 0.3%.
Mankato, Minnesota's Geographic Makeup
Mankato is neighbored by its sister city across the Minnesota River, North Mankato, which ultimately encompasses Skyline's town. U.S. Routes 14 and 169 and Minnesota State Highways 22 and 60 are four of the main arterial routes in the city. According to the United States Census Bureau, Mankato has a total area of 18.26 square miles (47.29 km²). Of that, 17.91 square miles (46.39 km²) is land, and 0.35 square miles (0.91 km²) is water. The elevation of Mankato is 794 ft (238 m) above sea level.
Mankato, Minnesota‘s Economy
Mankato, Minnesota, is a great place for those who want affordable housing options and a low cost of living. The average household income in Mankato is $65,567, significantly higher than the national average. Additionally, the poverty rate in Mankato is only 22.48%. This means that people who live in Mankato are more likely to be able to afford their rent or mortgage payments. The median rental cost in Mankato is $927 per month, and the median house value is $188,900. This makes Mankato an affordable place for people of all income levels. Additionally, the median age in Mankato is 25.8 years, which is lower than the national average. This makes Mankato an excellent place for young adults just starting their careers.
Mankato, Minnesota's Employment
The economy is strong, and the employment opportunities are diverse. The largest industries in Mankato, MN, are Health Care & Social Assistance, Educational Services, and Retail Trade. Finance & Insurance, Utilities, and Professional, Scientific, & Technical Services are the highest-paying industries. Mankato is a great community to raise a family or start a business. There are plenty of things to do and see, and the people are friendly and welcoming.
Why Commercial Real Estate In Mankato, Minnesota?
Mankato, Minnesota, is a great place to invest in commercial real estate. The city has a population of 45,524 and is growing at a rate of 2.33%. The median age in Mankato is 32 years old, and most residents are white. The city has a diverse economy with plenty of opportunities for businesses to thrive. Additionally, Mankato's living cost is affordable, and the median house value is $188,900. If you're looking for a great place to invest in commercial real estate, Mankato, Minnesota, is the perfect place for you!