2730 3rd Avenue, Mankato, MN for sale

Investment Overview

Sale Description Offered for sale is a well-positioned, single-tenant industrial warehouse facility in the North Industrial Mankato Submarket of Mankato, Minnesota. The property comprises approximately 48,000 square feet of rentable building area — including roughly 33,825 SF of warehouse/storage space and 9,236 SF of general office — situated on a generous 4.49-acre site within Summit Industrial Park #2. Built in 1996 with precast concrete exterior walls, the building has been owner-occupied and maintained by Fidium Manager Services, LLC (formerly Hickory Tech / Mankato Citizens Telephone Co.), a next-generation fiber internet and network company with a presence in over 700 communities nationwide. The property is 100% occupied, offering immediate income stability in a submarket currently reporting just 5.1% vacancy. Site infrastructure is exceptional for an asset of this size, featuring over 66,000 SF of asphalt paving, 6,600 SF of concrete paving, perimeter chain-link fencing, and sodium/halide yard lighting — all original to the 1996 construction. The building is fully sprinklered and delivers single-story, clear-span warehouse functionality well-suited for distribution, storage, or telecommunications and data operations. This offering represents a rare, first-time-to-market opportunity. The property has been under the same ownership since its acquisition from the City of Mankato in 1996 and has never traded on the open market. With a 2026 assessed market value of $3,724,800 and comparable industrial sales in the Mankato area ranging from $82 to $149 per square foot, this asset is well-positioned for acquisition by an owner-user or investor seeking a stabilized industrial holding in a growing secondary market. The property also carries a Federal Opportunity Zone designation, presenting potential tax advantages for qualifying investors.

Investment Highlights

• Flexible clear-span interior adaptable to manufacturing, distribution, or storage programs
• Durable construction with robust mechanical and electrical systems
• High ceilings paired with energy-efficient lighting throughout
• Generous truck maneuvering zones and loading areas
• Ample on-site parking for employees and visitors
• Adjacent office component supports administrative functions
• Well-maintained exterior with strong signage potential
• Turnkey condition ideal for immediate occupancy or repositioning
• Served by reliable utilities enabling continuous operations