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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Blue Earth
MLS Listing ID 7015348
Year Built 1955
Annual Tax Amount $4,410
Tax Year 2025
Contingent None
Lot Dimensions 145x180
Property Description
TFuture Redevelopment Site. LOCATED IN AN OPPORTUNITY ZONE across the street from the major downtown Mankato redevelopment focused on a $60 million plus mixed use project at the former Walgreens site. This multi-family investment property has four streams of income. There is a five bedroom, three bath apartment. There is a four bedroom one bath apartment. Both have a washer/dryer. There is off street parking for tenants and guests. There are six rented surface parking stalls and the double garage is also rented separately. The interior finishes include marble, tile, granite, and stainless steel appliances. There is a private 19x17 patio on the south side of the property. This is located on the city bus route and walkable to everything downtown. It's about a half mile to Minnesota State University Mankato campus and has been traditionally occupied by students. The zoning is CBDF, Central Business District Fringe. The garage is a possible office conversion. Buy, Hold, Redevelop, Bingo!
Location
State MN
County Faribault
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate, Hot Water Common
Present Use Residential
Building
Foundation 6531
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Blue Earth Area Schools
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Listed by Kevin Goettl • RE/MAX Results
Nearby Locations
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