Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    422 Belgrade Ave North Mankato, MN 56003

    For Sale
    $3,375,000

    Mixed Use - North Mankato, MN

    Type:Mixed Use
    Days on Market:
    151
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 422 Belgrade Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    CBD
    APN
    18.685.0340

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2013
    Building materials
    Brick
    Roof type
    Other
    Architectural style
    Other

    Burnsville Southern Twin Cities (952) 746-9696 [email protected]

    Listing agent Aubrey Leasure (952) 746-9696 License #40475353

    Listing date Jul 17, 2025

    MLS# 7036777 Listing URL

    Copyright © 2025 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Business District

    This meticulously maintained commercial property, constructed in 2013, is situated in the heart of the North Mankato Business District. The 24,443 square foot property features nine fully occupied apartments on the upper level and six retail spaces on the lower level. Ample parking is available. The property is located near various amenities and local businesses, including restaurants, coffee shops, banks, and other services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.012312
    Latitude
    44.170409

    Nearby Similar for Sale

    • New
      $284,900
      2,066 SF

      North Mankato Multi-Family Duplex

      Spacious duplex near Wheeler Park and downtown North Mankato.
      532 Range St, North Mankato, MN 56003
      View Details
    • $3,375,000
      0.69 Acres

      North Mankato Mixed-Use Property

      Well-maintained commercial property with apartments and retail spaces in prime location.
      422 Belgrade Ave, North Mankato, MN 56003
      View Details
    • $795,000
      3,100 SF

      North Mankato Restaurant Opportunity

      Second-generation restaurant space with drive-through in high-traffic area.
      1745 Commerce Dr, North Mankato, MN 56003
      View Details
    • $295,900
      1,916 SF

      Updated Townhome in North Mankato

      Renovated townhome with new flooring, kitchen, and bathrooms.
      1607 Pleasant View Dr, North Mankato, MN 56003
      View Details
    • Contact for pricing
      10,100 SF

      Retail Redevelopment Site in Mankato

      High-visibility retail or redevelopment site in a prime location.
      1715 Commerce Dr, North Mankato, MN 56003
      View Details
    • $2,200,000
      23,890 SF

      Spacious Warehouse with Refrigerated Space

      Warehouse with offices, refrigerated space, highway access, and industrial zoning.
      1119 Center St, North Mankato, MN 56003
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and retail in North Mankato.
    Where is this mixed-use property located?
    The property is located at 422 Belgrade Ave North Mankato, MN.
    What is the asking price?
    The asking price for this property is $3,375,000.
    What are key features of this property?
    This property features: - Prime location in the heart of the North Mankato Business District; - Substantial 24,443 sq ft commercial property; - Built in 2013, indicating modern construction
    (952) 746-9696
    Request Owner's contact information
    422 Belgrade Ave North Mankato, MN 56003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    422 Belgrade Ave
    North Mankato, MN 56003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    422 Belgrade Ave North Mankato, MN 56003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.