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    329 N Riverfront Dr Mankato, MN 56001

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    For Sale
    $450,000

    Mixed-use property with coffee shop and apartments in downtown Mankato.

    Property size:
    3,168 SF

    Property Features for 329 N Riverfront Dr

    General Information

    Size
    3,168 SF

    Building Details

    Year built
    1891

    Source: Cate DeBates Agent Cate DeBates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mankato Mixed-Use Investment Opportunity

    This mixed-use property is located in the heart of Mankato's central business district. It features a long-running coffee shop and two 1-bedroom apartments on the second level. The property has a history of full occupancy and tenants are fully vetted with background and credit checks. The commercial tenant's lease is Triple Net and renewed for three years (2025-2028). Interior improvements totaling over $150,000 have been completed in the last 10 years. A new roof was installed in 2020, along with a new air conditioner and pipe lining. The property is situated in close proximity to municipal offices, urban amenities, and key transit routes. The location benefits from foot traffic, restaurant-retail synergies, and a stable daytime workforce population within a revitalizing urban setting. The property offers potential for value-add improvements. The building size is 3,168 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coffee Hag Coffee Shop

    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.

    Similar Places Nearby

    Karshe Tea, Tandem Bagels, The Enchanted Muse, art music and tea lounge, Sweet Spot, River Rock Coffee & Tea

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.000293
    Latitude
    44.169418

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    FAQs

    What type of property is this?
    Coffee shop - Mixed-use property with coffee shop and apartments in downtown Mankato.
    Where is this coffee shop located?
    The property is located at 329 N Riverfront Dr Mankato, MN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime downtown location in Mankato's central business district with high foot traffic.; - 100% Occupancy with long rental history and fully vetted tenants.; - Triple Net lease for commercial tenant renewed through 2028.
    (507) 380-6627
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    329 N Riverfront Dr 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
    329 N Riverfront Dr Mankato, MN 56001
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