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    509 S Broad St Mankato, MN 56001

    For Sale
    $599,000

    Commercial - Mankato, MN

    Lot size:
    0.22 Acres
    Days on Market:
    99
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 509 S Broad St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Residential-Multi-Family,Residential-Single Family
    APN
    R010918178007
    Parking features
    Garage, Garage - Detached, Paved or Surfaced
    Exterior features
    Metal, Vinyl
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1895
    Architectural style
    Other

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

    Listing agent Joe Richter (507) 424-4422

    Listing date Aug 29, 2025

    MLS# 6742066 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

    Mankato Mixed-Use Commercial Property

    This mixed-use property is located in Mankato, Minnesota. The lot size is 0.2169 acres. The property is zoned for Business/Commercial, Residential-Multi-Family, and Residential-Single Family use. It can be used as a residential income property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.003523
    Latitude
    44.161931

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Mankato, suitable for commercial and residential use.
    Where is this mixed-use property located?
    The property is located at 509 S Broad St Mankato, MN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Mixed-use property suitable for both commercial and residential use.; - Detached garage with paved or surfaced parking.; - Forced air heating.
    (507) 424-4422
    Request Owner's contact information
    509 S Broad St Mankato, MN 56001
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    Mankato, MN 56001
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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
    509 S Broad St Mankato, MN 56001
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