Multi Tenant Office Building

$1,273,000

40 Good Counsel Mankato, MN 56001

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About this listing

This is a two-story multi-tenant office property that is currently 100% leased. The main floor features a double door entry with a vestibule. Upon entering, you're greeted by reception that includes a small waiting area. On either side of the reception, you can find offices surrounding the perimeter, with a common area co-working space filling the middle. The two suites on the main level exist in the same space and are not clearly split. The lower level features a similar double door entry with vestibule. The lower level is split in half with shared bathrooms and kitchenette in the middle. Near the kitchenette is the utility closet and additional storage. There are two suites in the basement that each feature individual entry. One suite is outfitted as a high-end retail show room, and the second suite is built out as an office with extensive storage capability

40 Good Counsel Drive is perched between Highway 14 and Good Counsel Hill. The property is 0.65 acres. There are 2 parking lots with entry to the main floor and the lower floor. Each floor is handicap accessible. There are separate entrances to each lot, one on the west side to access the lower lot and one on the south side to access the upper lot. There is a driveway on the north side of the building that connects the two lots. On the south side of the building there is a WCA monument sign surrounded by well kept landscaping and lawn.

  • NOI

    $103,380

  • Building Size

    6,690 sqft

  • Lot Area

    0.65 acres

  • Year Built

    1998

  • Parking Spots

    28

  • Year Last Renovated

    2011

DESCRIPTION

  • • Cash Flow: 18566.0
  • • Gross Income: $ 129780.0
  • • Age: 21-30 Years Old
  • • Lot Size: 1/2 - 1 Acre
  • • Water: City Water

Map

SPACES

400

SQFT: 3,000

Lease Type:

Sublease: No

Lease Rate:$16/sqft/yr

Available: Immediately




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