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Historic Theater and Concert Hall
For Sale
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200 Chestnut Street, Mankato, MN 56001

Built in 1946, the property has a longstanding entertainment identity with continued venue use and creative redevelopment identified as possibilities.

Property Size28,153 SF
Price / SF$35.52
Days on Market14

Property Features for 200 Chestnut Street

General Information

Standard status Active
Size 28,153 SF
Total Parking Spaces 100
Property subtype Retail, Business for Sale

Building Details

Year Built 1946
Listing Agency: True Commercial | Business Brokerage
Listed By: Karen Toft · License #40611409
Source: Crexi
Added: Aug 25 Changed: Sep 2 Last Checked: Sep 6 at 2:36PM

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 True Commercial | Business Brokerage

Investment Insights

Based on property information with market context.

Constructed in 1946, this theater and concert hall property is associated with the Kato Ballroom and Kato Entertainment Center names. Its established identity is tied to Mankato’s entertainment history and provides a foundation for a new operating concept. Continued entertainment use, creative redevelopment, or another purpose are identified as possible directions for the property. The building is located at 200 Chestnut Street in Mankato, Minnesota, offering an opportunity to shape the next chapter of a property with a documented connection to the local community and entertainment scene.

Key Highlights

  • Constructed in 1946
  • Known as the Kato Ballroom and Kato Entertainment Center
  • Established connection to Mankato’s entertainment history

Property Analytics

Current Use

Kato Ballroom Theater & Performing Art Venue

Suggested Use

Top Pick Pharmacy Law Firm (Bike/Boat/Book/etc) Store Locksmith Catering Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

413
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Theater & concert hall - Built in 1946, the property has a longstanding entertainment identity with continued venue use and creative redevelopment identified as possibilities.
Where is this theater & concert hall located?
The property is located at 200 Chestnut Street Mankato, MN.
What is the asking price?
The asking price for this property is $999,995.
What are key features of this property?
This property features: Constructed in 1946; Known as the Kato Ballroom and Kato Entertainment Center; Established connection to Mankato’s entertainment history
(507) 381-2969 Call to check price and availability
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