521 - 523 North Riverfront Drive Mankato, MN 56001

Building Details

Year Built

1896

Listing agency NAI North Star d***@nainorthstar.com Show Phone

Listed by David Schooff · License #MN #40137517 Show Phone

Source Naiglobal

Added: Feb 26 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 4:34AM

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Investment Insights

Based on property information with market context.

This commercial property is offered for sale as an institutional-ready investment or for owner-user acquisition. It allows for capital-efficient entry into a high-growth region, with potential upside through operational enhancement, leasing convergence, or repositioning. Suitable as a value-add acquisition or a long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy, or redevelopment. The property features a mix of uses, with four residential units and two commercial spaces occupied by established local brands. Professional leasing and management are in place for passive investment, offering long-term stability and an excellent rental history. Seller financing is a potential option. The property is ideal for institutional, private-equity, or strategic investors seeking a core-plus commercial real estate investment ready for turnkey execution.

Key Highlights

• Institutional‑ready commercial property suitable for investment or owner‑user acquisition.
• Capital‑efficient entry into a high‑growth region.
• Aligns with 1031 exchange criteria and offers flexibility.

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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 $735,000.

What are key features of this property?

This property features: Institutional‑ready commercial property suitable for investment or owner‑user acquisition.; Capital‑efficient entry into a high‑growth region.; Aligns with 1031 exchange criteria and offers flexibility.