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520 S 2nd Street Mankato, MN 56001

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For Sale
$564,900

Commercial - Mankato, MN

Lot size:
0.24 Acres
Added:
Feb 20, 2026
Days on Market:
39
Last Refresh:
Mar 31 at 11:06 pm

Property Features for 520 S 2nd Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Business/Commercial
Parking features
Garage, Garage - Attached, Paved or Surfaced
Exterior features
Stucco
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Standard status
Active
APN
R010918106027
Lot size
0.24 Acres

Taxes and HOA fees

TaxYear
2025
TaxAnnualAmount
5410

Utilities

Heating system
Baseboard, Forced Air
Cooling system
Central Air

Building Details

Year built
1884
Architectural style
Other

We can help!

Listing Contact
Kevin Goettl
Kevin Goettl

Listing agent Kevin Goettl

Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN

Listing date Feb 20, 2026

MLS# 7025043 Listing URL

Copyright © 2026 Northstar MLS. 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 Investment Property For Sale

This investment property, situated in an opportunity zone, offers four income streams. The property features a main level apartment with five bedrooms and three bathrooms, as well as an upper-level apartment with four bedrooms and one bathroom. Both apartments are equipped with a washer and dryer. Off-street parking is available for tenants and guests. Additionally, there are six rented parking stalls that generate extra income, and a double garage is rented separately. The interior finishes include marble, tile, granite, and stainless steel appliances. A private 19x17 patio is located on the south side of the property. The property is located on the city bus route and is walkable to downtown amenities. It is approximately a half mile from Minnesota State University Mankato campus and has been traditionally occupied by students. The zoning is CBDF, Central Business District Fringe. The garage presents a possible office conversion opportunity. The lot size is 0.239 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Psychic energy Spiritual Center

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

Location Insight

  • Map
  • Local Demand
City
Mankato
County
Nicollet
State
Minnesota
Longitude
-94.005939
Latitude
44.16267

FAQs

What type of property is this?
Apartment building - Investment property with four income streams in Mankato, Minnesota.
Where is this apartment building located?
The property is located at 520 S 2nd Street Mankato, MN.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: Four income streams: two apartments, parking stalls, and a garage.; Located in an Opportunity Zone.; Walkable to downtown and close to Minnesota State University Mankato.
More about this property
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