885 Madison Avenue Mankato, MN $ 145,000
885 Madison Avenue
$ 145,000
Share Save

885 Madison Avenue

Mankato, MN, 56001
$ 145,000
Baths0.0

Monthly Estimate*

$ 964

885 Madison Avenue, Mankato, MN 56001 - Image 1
885 Madison Avenue, Mankato, MN 56001 - Image 2
885 Madison Avenue, Mankato, MN 56001 - Image 3
885 Madison Avenue, Mankato, MN 56001 - Image 4
885 Madison Avenue, Mankato, MN 56001 - Image 5
885 Madison Avenue, Mankato, MN 56001 - Image 6
885 Madison Avenue, Mankato, MN 56001 - Image 7
885 Madison Avenue, Mankato, MN 56001 - Image 8
885 Madison Avenue, Mankato, MN 56001 - Image 9
885 Madison Avenue, Mankato, MN 56001 - Image 10
885 Madison Avenue, Mankato, MN 56001 - Image 11
885 Madison Avenue, Mankato, MN 56001 - Image 12
Studio

Commercial Property for sale in Mankato, MN

for $145,000. This building was built in 1940.

Hilltop Florist has served Mankato and the surrounding communities for several generations and customers know Hilltop Florist as the premier source for flowers, plants, stunning floral arrangements, wedding decorations and design consultation, home décor and unique gift offerings. This business truly is one of Mankato’s iconic brands with a long-standing excellent reputation. Consistently named Mankato’s Best Florist! The service team and award-winning designers prides itself on prompt and attentive care and establishing long term relationships with all of their clients. The team also provides consulting for weddings, funerals, and other special occasions. Customers may shop in the retail store during weekly retail business hours or place an order 24/7 via the website. Purchase price includes long established brand name and reputation in Southern Minnesota. All furnishings, fixtures and floral equipment needed for this turnkey business; including a Dodge Caravan, Rav4, Ford Transit Van for deliveries and all retail store inventory in stock as of closing date. The new owner will have multiple opportunities to grow the business: developing more corporate relationships, increasing the online presence, adding more workshops and special group gatherings, and expanding product lines. With a turnkey CRM including retail cash register software, a mobile ready website and a known brand name - creating satellite stores in the region are strong opportunities for a new owner. Owner will provide training at no additional cost to buyer up to 80 hours total for the first 4 weeks after closing. In addition, the owner will consult buyer via telephone for up to 6 months post-closing. Prime location along high traffic Madison Avenue and located right next door to the soon to be developed Starbucks. Well maintained building features 3283 SF of retail space with 2 restrooms and 3 office areas. The attached 3156 SF greenhouse can be transformed into a beautiful event space and there is plenty of warehouse space in the 1392 SF 3 stall garage. Power OH doors are 9 ft x 9ft. Property has easements in place for use of entire East side parking lot and secondary entrance from Dane St. Real Estate not included in the purchase price. Business only assets offered at $145,000. Business buyer may lease the 3200 SF retail space at a rate of $4000 per month or has the option of moving business to a different location if desired. Real estate offered at $1,230,000. Creative options available with this prime highly visible Mankato Hilltop location. Sellers prefer to sell business and real estate as a package deal but open to property redevelopment ideas or selling the business assets separately. Lease option available only if tenant continues current business operations.

See more

Commercial Active

Price

$ 145,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,256

Style

Business Opportunity

Year Built

1940

Town/City

Mankato

County/Region

Blue Earth

MLS | Web ID

7033510

Features
General
Heating Forced Air
Cooling Central
Roof Asphalt Shingles
Water City
Sewer City
Amenities Restrooms
Status Active ACTIVE
Year Built 1940
Road Frontage City Street
Subdivision MN
School District Mankato #77
See more
Exterior
Exterior Stucco
Waterfront No
Construction Type Other (explain in rmks)
See more
* Excluded Features
List By
True Commercial, Llc

Broker

april@truebusinessbrokerage.com

Email

Affordability Calculator

$2,318
Per Month
42%
58%
0%
Monthly Principal & Interest
$964
Monthly Property Taxes
$1,355
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1357867 Elementary School
1357964 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/5/2023$145,000 Listed Price

Map


See all

885 Madison Avenue, Mankato, MN, 56001 is a Commercial Property for sale at $145,000. 885 Madison Avenue is a studio with 0.0 baths and was built in 1940. The property's zip code is 56001 which is in Mankato, MN