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    422 Belgrade Ave North Mankato, MN 56003

    For Sale
    $3,375,000

    Commercial - North Mankato, MN

    Lot size:
    0.69 Acres
    Days on Market:
    152
    Last Refresh:
    Dec 15 at 12:06 am

    Property Features for 422 Belgrade Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    186850340
    Parking features
    Parking Lot, Paved or Surfaced
    Exterior features
    Brick/Stone
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Lot size
    0.69 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2013
    Building materials
    Frame
    Architectural style
    Other

    Keller Williams Preferred Realty (952) 746-9696 [email protected]

    Listing agent Aubrey Leasure (952) 746-9696

    Listing date Jul 17, 2025

    MLS# 6673835 Listing URL

    Copyright © 2025 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

    North Mankato Mixed-Use Property

    This meticulously maintained and well-designed commercial property is situated in the heart of the North Mankato Business District. Constructed in 2013, the 24,443 square foot property features a mix of residential and commercial spaces. The upper level houses nine fully occupied apartments, while the lower level offers six retail spaces. Ample parking is available on-site. The property benefits from its proximity to numerous amenities and local businesses, including restaurants, coffee shops, banks, and other services. The lot size is 0.69 acres.
    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
    -94.012113
    Latitude
    44.170429

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    FAQs

    What type of property is this?
    Mixed-use property - Well-maintained commercial property with apartments and retail spaces in prime location.
    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: - High occupancy: 9 fully occupied apartments provide immediate rental income.; - Prime location: Situated in the heart of the North Mankato Business District, near amenities and local businesses.; - Modern construction: Built in 2013, the property offers contemporary design and features.
    (952) 746-9696
    Request Owner's contact information
    422 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
    422 Belgrade Ave North Mankato, MN 56003
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