Two-Property Apartment
For Sale
Contact for pricing
1621 Colony Ct, North Mankato, MN 56003
192 apartments across two established communities with on-site laundry, storage, playground, and detached garages.
Property SizeContact for details
Days on Market143
Property Features for 1621 Colony Ct
General Information
Standard status
Active
Property subtype
Multifamily
Amenities
stove
refrigerators
in wall air-conditioning
laundry facility
playground
expansive grounds
extra storage
detached garages
Building Details
Tenancy
Multi
Listing Agency:
Bender Commercial
(605) 336-7600
Listed By:
Nick Gustafson · License #SD 12071
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bender Commercial
Investment Insights
Based on property information with market context.
This apartment portfolio combines Colony Court Apartments and Hoover Estate Apartments in North Mankato. Colony Court includes 120 units across 10 buildings, with a standalone office for on-site property management. The community provides 94,632 net rentable area on 6.38 acres and was built in 1971. Its units include stoves, refrigerators, and in-wall air-conditioning, with laundry facilities, a playground, expansive grounds, and additional storage.
Hoover Estate adds 72 units in three 3-story buildings, totaling 77,832 net rentable area on 6.35 acres. Built in 1991, the property offers on-site laundry facilities and detached garages. Combined unit types include one-, two-, and three-bedroom apartments. The properties are within walking distance of Navitor, Corporate Graphics, Hoover Elementary, and North Central College. Rent rolls and financials are available through the broker.
Hoover Estate adds 72 units in three 3-story buildings, totaling 77,832 net rentable area on 6.35 acres. Built in 1991, the property offers on-site laundry facilities and detached garages. Combined unit types include one-, two-, and three-bedroom apartments. The properties are within walking distance of Navitor, Corporate Graphics, Hoover Elementary, and North Central College. Rent rolls and financials are available through the broker.
Key Highlights
- 192 total apartment units across Colony Court and Hoover Estate
- Colony Court: 120 units, 94,632 net rentable area, 6.38 acres, built in 1971
- Hoover Estate: 72 units, 77,832 net rentable area, 6.35 acres, built in 1991
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 56003, MN
15,221
Population
6,543
Households
2.3
Avg Household Size
38
Median Age
43%
College-Educated
98%
High-School Grad
44.0 sq mi
ZIP Area
346
Density / Sq Mi
$80,587
Median Household Income
$46,544
Median Earnings
$920
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 192 apartments across two established communities with on-site laundry, storage, playground, and detached garages.
Where is this apartment building located?
The property is located at 1621 Colony Ct North Mankato, MN.
What are key features of this property?
This property features: 192 total apartment units across Colony Court and Hoover Estate; Colony Court: 120 units, 94,632 net rentable area, 6.38 acres, built in 1971; Hoover Estate: 72 units, 77,832 net rentable area, 6.35 acres, built in 1991
