MANKATO, MINN. December 23, 2020 – The sale of the former Shopko building, located at 1850 Madison Avenue, closed today. The property was listed by Colliers International and the buyer was procured by Coldwell Banker Commercial Fisher Group.
At this time, the buyer wishes to remain anonymous. Plans for the building include a mix of office, retail and hospitality tenants. Redevelopment should begin in 2021 with completion anticipated in 2022. Several tenants for the 90,000 square foot property have been identified as collaborators; though also wish to remain anonymous at this time.
This transaction adds to other big-box repurpose projects Coldwell Banker Commercial Fisher Group has participated in. The brokerage office has worked long term to transform the Madison East Center and more recently the former Lowes property.
About Coldwell Banker Commercial Fisher Group
Coldwell Banker Commercial Fisher Group is a complete service agency for all your commercial real estate and business brokerage needs. We provide services to investors, landlords, owners and tenants in the areas of Sales and Leasing, Property Management and Development. We are proud to be Southern Minnesota’s preferred choice in the commercial real industry for more than 45 years. We have the resources of a global powerhouse combined with the ability to think and act entrepreneurially like a small company. Each agent has a talent for finding the perfect property match or investment opportunity for clients and ensures the process is done right every time with personal service and integrity. For more information visit: cbcfishergroup.com.
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3 Civic Center Plaza, Suite 100
Mankato, MN 56001