Mixed-Use Investment
521 - 523 North Riverfront Drive, Mankato, MN 56001
Mixed-use property with residential and commercial units in Mankato.
Type:Mixed Use Investment
Property size:
6,952 SFPrice / SF:
$114/SF- Added:
- Nov 21, 2025
- Days on Market:
- 168
- Last Refresh:
- Dec 3 at 5:12 am
Property Features for 521 - 523 North Riverfront Drive
General Information
- Standard status
- Active
- Size
- 6,952 SF
- Property subtype
- Mixed Use Investment
Building Details
- Year Built
- 1896
Listing agent Jane Luchterhand License #81855-94
Listing office Berkshire Hathaway HomeService (920) 663-4001
Listing date Nov 21, 2025
Source Naiglobal
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All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeService
HighLights
- Strategic location in Southern Minnesota's growth corridor with high visibility and accessibility.
- Mixed‑use property with 4 residential units and 2 commercial spaces leased to established local brands.
- Professional leasing and management in place for passive investment.
- Long‑term stability and excellent rental history.
- Potential for seller financing.
- Suitable for 1031 exchange, sale‑leaseback, owner occupancy, or redevelopment.
Overview
This mixed-use property, offered for sale, presents an investment or owner-user acquisition opportunity. It allows entry into a high-growth region, with potential through operational enhancement, leasing convergence, or repositioning. Suitable as a value-add acquisition or long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy, or redevelopment. The property is strategically situated in Southern Minnesota’s growth corridor, offering visibility and accessibility via regional thoroughfares. Located within the greater Mankato marketplace, the site benefits from a robust employment base, anchored by institutions in healthcare, manufacturing, education, and agribusiness. It is surrounded by a mix of office, industrial, retail, and multi-family uses, reflecting demand for repositioning or expansion. With infrastructure in place and proximity to major transit routes linking to the Twin Cities and the Iowa border, the location presents a value-add opportunity for owners pursuing market entry or redevelopment strategies. The property features long-term stability and an excellent rental history. It includes 4 residential units and 2 commercial spaces occupied by established local brands. Seller financing is a potential option. The property size is 6,952 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Pippi Lane Boutique ...
Clothing & Fashion Store
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Nicollet
- State
- Minnesota
- Longitude
- -93.998414
- Latitude
- 44.171863
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial units in Mankato.
Where is this mixed-use property located?
The property is located at 521 - 523 North Riverfront Drive Mankato, MN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Strategic location in Southern Minnesota's growth corridor with high visibility and accessibility.; Mixed‑use property with **4 residential units and 2 commercial spaces leased to established local brands.**; Professional leasing and management in place for passive investment.
