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    235 Belgrade Ave North Mankato, MN 56003

    Sponsored
    For Sale
    $2,600,000

    Commercial - North Mankato, MN

    Lot size:
    0.18 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 235 Belgrade Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    188020130
    Parking features
    Other
    Exterior features
    Brick/Stone
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1896
    Architectural style
    Other

    Keller Williams Premier Realty Rochester (507) 424-4422 [email protected]

    Listing agent Shawna L. Wolfe (507) 424-4422

    Listing date Dec 17, 2025

    MLS# 7000269 Listing URL

    Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Mixed-Use Property For Sale

    This elegant, modern mixed-use property is suited for high-end wellness, boutique retail, or professional services. The main level features an upscale retail suite currently operating as a luxury skin and spa clinic, showcasing contemporary finishes, refined décor, and a tranquil, sophisticated atmosphere. Large display windows and thoughtfully curated lighting create a welcoming street presence. The upper levels include five well-appointed apartments, each offering stylish modern design, open layouts, and abundant natural light. These residences provide stable rental income as well as convenience for on-site owners or staff. Situated in North Mankato, Minnesota, the property is located at 235 - 237 Belgrade Avenue, in the 56003 postal code area, within Nicollet County. The lot size is approximately 0.18 acres. This property blends aesthetic appeal with practical functionality, making it suitable for investors, owner-operators, or entrepreneurs seeking a turnkey space in a desirable location. With its elegant design, updated infrastructure, and strong mixed-use potential, this is a rare offering that delivers both luxury and long-term value. The zoning is designated as Business/Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.007353
    Latitude
    44.169839

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    FAQs

    What type of property is this?
    Mixed-use property - Upscale retail space plus five luxury apartments in North Mankato.
    Where is this mixed-use property located?
    The property is located at 235 Belgrade Ave North Mankato, MN.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Mixed-use property with modern retail space and five luxury apartments.; - Upscale retail suite currently operating as a luxury skin and spa clinic.; - Five well-appointed apartments provide stable rental income.
    (507) 420-1877
    Request Owner's contact information
    235 Belgrade Ave North Mankato, MN 56003
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    North Mankato, MN 56003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    235 Belgrade Ave North Mankato, MN 56003
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