1661 Commerce Dr, North Mankato (Mankato), MN 56003 Property Records

Nicollet County property record for 1661 Commerce Dr, North Mankato, MN 56003

Property Summary

Property Type	Fast Food Restaurant
Details	2,452 sqft · built 1980
Lot Size	0.916 acres (39,884 sqft)
Owner	Company Name on Record
Last Sale	$1,375,000 (Apr 2026)
Tax Bill	$17,346 (2026)
Deeds & Mortgages	Aug 2024 Mortgage Apr 2026 Sale + 3 more
Flood Zone	Zone X (minimal risk)
APN	`18.861.0010`

Property Details

APN / Parcel Number

Primary APN	`18.861.0010`

Interior

Stories	1 Story
Building Area	2,452 sqft Gross Area
1st Floor Area	2,438 sqft

Exterior

Year Built	Built 1980
Effective Year Built	Effective 1980
Lot Area	39,884 sqft (0.916 acres)
Lot Dimensions	25 ft deep x 200 ft wide

Location & Zoning

Street Address	1661 COMMERCE DR
City	NORTH MANKATO
State	MN
Zip	56003-1913
Property Category	Commercial
Property Type	Commercial > Retail > Fast Food Restaurant
Legal Description	BLOCK 1 LOT 1 SUBDIVISIONCD 18861 SUBDIVISIONNAME VALLEY BANK ADDITION
Legal Range	00
Legal Township	00
Legal Section	00
Legal Subdivision	VALLEY BANK ADDITION
Legal Block	1
Legal Lot Number	1
Jurisdiction	NICOLLET MN
Township / Civil Division	NORTH MANKATO
Census Block Group	3
Census Block	3013
Census Tract	480501

Owner

Source: Nicollet County records, as of September 23, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	23 BLUE BIRD CT, NORTH MANKATO, MN 56003-1600
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Aug 23, 2024	Deed of Trust, Mortgage · Commercial Mortgage PIONEER BANK
Apr 2, 2026	Special Warranty Deed, Transfer SIMPLIFILE
Apr 17, 2026	Deed of Trust, Mortgage · Line of Credit BANK MIDWEST
Jul 19, 2021	Deed of Trust, Mortgage · Commercial Mortgage FRANDSEN BANK & TRUST
Jul 19, 2021	Warranty Deed, Transfer · Commercial Mortgage FRANDSEN BANK & TRUST

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 2, 2026 · Amount on Record
Deed Sale	Apr 2, 2026 · Amount on Record
Prior Sale	Jun 30, 2025 · Amount on Record
Deed Document Number	202673603
Record Updated	Oct 29, 2026

August 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	NICOLLET MN
Property Address	1661 COMMERCE DR, NORTH MANKATO, MN 56003-1913
Transaction Type	Mortgage
Record Updated	Jun 3, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000071805
Date	Aug 23, 2024
Instrument	71805

Lender

Name	PIONEER BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	12 Months
Due	Oct 1, 2024

April 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	NICOLLET MN
Recording Date	Apr 2, 2026
Property Address	1661 COMMERCE DR, NORTH MANKATO, MN 56003-1913
Document Number	0000073603
Instrument Date	Mar 31, 2026
Instrument	2026.73603
Transaction Type	Transfer
Record Updated	May 22, 2026
Title Company	SIMPLIFILE

Transaction

Amount	Amount Recorded
Tax	$458,287.50
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	23 BLUE BIRD CT, NORTH MANKATO, MN 56003-1600

April 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	NICOLLET MN
Recording Date	Apr 17, 2026
Property Address	1661 COMMERCE DR, NORTH MANKATO, MN 56003-1913
Document Number	0000073649
Instrument Date	Mar 31, 2026
Instrument	202673649
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	1681 COMMERCE DR, NORTH MANKATO, MN 56003-1913

Mortgage

Document Number	0000073649,
Date	Apr 17, 2026
Instrument	202673649

Lender

Name	BANK MIDWEST

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	300 Months
Due	Apr 10, 2051

Interest

Rate Type	Adjustable Rate
Rate	6%
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

July 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	NICOLLET MN
Property Address	1661 COMMERCE DR, NORTH MANKATO, MN 56003-1913
Transaction Type	Mortgage
Record Updated	Aug 25, 2021
Title Company	PREMIER TITLE SERVICES

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	68178
Date	Jul 19, 2021
Instrument	68178

Lender

Name	FRANDSEN BANK & TRUST
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	84 Months
Due	Aug 10, 2028

Interest

Rate Type	Fixed Rate

July 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	NICOLLET MN
Recording Date	Jul 19, 2021
Property Address	1661 COMMERCE DR, NORTH MANKATO, MN 56003-1913
Document Number	0000068177
Instrument Date	Jul 19, 2021
Instrument	68177
Transaction Type	Transfer
Record Updated	Jul 26, 2024
Title Company	PREMIER TITLE SERVICES

Transaction

Amount	Amount Recorded
Tax	$1,567.50
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	530 SOUTH AVE # STREET10, STREET10, NORTH MANKATO, MN 56003-3861
Investor	Possibly a Property Investor

Mortgage

Document Number	0000068178
Date	Jul 19, 2021
Instrument	68178

Lender

Name	FRANDSEN BANK & TRUST
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	85 Months
Due	Aug 10, 2028

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Nicollet County assessment roll, as of July 10, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Nicollet County
Municipality	North Mankato City
Unified School District	Mankato Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$17,346.00	$671,200 (+10.83%) Land $187,100 Building $484,100	$671,200 (+10.83%) Land $187,100 Building $484,100
2025	$17,346.00 (+26.23%)	$605,600 (+20.16%) Land $187,100 Building $418,500	$605,600 (+20.16%) Land $187,100 Building $418,500
2023	$13,742.00	$504,000 Land $187,100 Building $316,900	$504,000 Land $187,100 Building $316,900

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective January 23, 2023 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	7 in force
Nearby Flood Claims	10 (2001–2016)
Claims Outside the SFHA	10 of 10
Most Recent Claim	Sep 2016 · other causes
Claims by Event	Severe Winter Storms, Flooding, And Tornadoes, Apr 2001 · 3 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	North Mankato serves 14,448 people · EPA ID MN1520005
Water Source	Groundwater
Last State Inspection	Aug 2025
Lead	14 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 333 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Fidium Fiber Fiber	2,000 / 2,000
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
GigFire Fixed Wireless	150 / 130
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Midco, Verizon.

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