Mixed-Use Property with Five
For Sale
$2,600,000
235-257 Belgrade Avenue, North Mankato, MN 56003
COMMERCIAL, North Mankato, MN
Property SizeContact for details
Days on Market301
Property Features for 235-257 Belgrade Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Restrooms
Elementary school district
Mankato #77
Middle school district
Mankato #77
High school district
Mankato #77
Directions
Range left on Belgrade building on the right
Subdivision
N MANKATO LOWER
Standard status
Active
APN
188020130
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK 1 & Pt BLK 6; E 25' LOT 8 BLK 6; W 25' LOT 7 BLK 6 BLK 1 & Pt BLK 6; E 25' LOT 8 BLK 6; W 25'LOT 7 BLK 6 SUBD OF BK 1 & PT BK 6
Tax Annual Amount
40792
Legal Description
BLK 1 & Pt BLK 6; E 25' LOT 8 BLK 6; W 25' LOT 7 BLK 6 BLK 1 & Pt BLK 6; E 25' LOT 8 BLK 6; W 25'LOT 7 BLK 6 SUBD OF BK 1 & PT BK 6
Utilities
Heating system
Forced Air
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(504) 742-4442
Listed By:
SHAWNA WOLFE · License #20215401
(507) 420-1877
Added: Dec 12, 2025
Changed: Oct 8
Last Checked: Oct 9 at 5:06PM
MLS# 7039202
Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a street-level retail suite with five apartments across the upper floors. The commercial space is currently used as a skin and spa clinic and includes display windows, curated lighting, contemporary finishes, refined interior design, and restrooms. Forced-air heating serves the property.
The residential units feature modern styling, open layouts, and substantial natural light. This configuration places commercial and residential uses within one building, with the retail component suited to continued wellness use, boutique retail, or professional services based on the existing layout and presentation. The property is located at 235-257 Belgrade Avenue in North Mankato, Minnesota.
The residential units feature modern styling, open layouts, and substantial natural light. This configuration places commercial and residential uses within one building, with the retail component suited to continued wellness use, boutique retail, or professional services based on the existing layout and presentation. The property is located at 235-257 Belgrade Avenue in North Mankato, Minnesota.
Key Highlights
- Five upper‑level apartments in a mixed‑use building
- Street‑level retail suite currently operating as a skin and spa clinic
- Large display windows with curated interior lighting
Property Analytics
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,577
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Modern street-level retail space is paired with multiple upper-level apartments and contemporary interior finishes.
Where is this mixed-use property located?
The property is located at 235-257 Belgrade Avenue North Mankato, MN.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Five upper‑level apartments in a mixed‑use building; Street‑level retail suite currently operating as a skin and spa clinic; Large display windows with curated interior lighting
