39-Unit Furnished
For Sale
Contact for pricing
Pending
1708 N Riverfront Dr, Mankato, MN 56001
Furnished studio suites combine kitchen amenities with flexible occupancy options for extended-stay and shorter-term lodging.
Property SizeContact for details
Days on Market141
Property Features for 1708 N Riverfront Dr
General Information
Standard status
Pending
Property subtype
Hospitality
Occupancy
97%
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Results
(651) 500-4720
Listed By:
Kevin Goettl · License #MN 95340
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 1:08PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This operating motel includes 39 furnished studio suites, an office, and a laundry facility. Each suite features a kitchen equipped with a full-size refrigerator, range/oven, microwave, and dishwasher, along with vaulted ceilings and a loft. The property is licensed for extended-stay lodging, supporting a mix of longer and shorter occupancy periods.
Occupancy is reported at 97%, with many suites leased to permanent residents and most remaining units occupied on a month-to-month basis. A limited number of suites are available for weekly or overnight stays. The motel license provides flexibility in guest length of stay and does not require the eviction process when removal of a guest is desired. The property is located at 1708 N Riverfront Dr in Mankato, Minnesota.
Occupancy is reported at 97%, with many suites leased to permanent residents and most remaining units occupied on a month-to-month basis. A limited number of suites are available for weekly or overnight stays. The motel license provides flexibility in guest length of stay and does not require the eviction process when removal of a guest is desired. The property is located at 1708 N Riverfront Dr in Mankato, Minnesota.
Key Highlights
- 39 furnished studio suites with kitchens, lofts, and vaulted ceilings
- Suite kitchens include full‑size refrigerators, range/ovens, microwaves, and dishwashers
- 97% occupancy rate reported
Property Analytics
Property Profile
Current Use
Lease Details
97%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Motel - Furnished studio suites combine kitchen amenities with flexible occupancy options for extended-stay and shorter-term lodging.
Where is this motel located?
The property is located at 1708 N Riverfront Dr Mankato, MN.
What are key features of this property?
This property features: 39 furnished studio suites with kitchens, lofts, and vaulted ceilings; Suite kitchens include full‑size refrigerators, range/ovens, microwaves, and dishwashers; 97% occupancy rate reported
