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 Market256
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: Aug 4
Last Checked: Aug 25 at 1:06AM
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 main-level retail suite with five apartments across the upper floors. The commercial area is currently operating as a skin and spa clinic and includes contemporary finishes, curated lighting, display windows, and restrooms. Forced-air heating serves the property.
Each apartment features a modern interior, an open layout, and abundant natural light. The residential component is positioned above the commercial space, creating a combined retail and apartment configuration at 235-257 Belgrade Avenue in North Mankato, Minnesota.
Each apartment features a modern interior, an open layout, and abundant natural light. The residential component is positioned above the commercial space, creating a combined retail and apartment configuration at 235-257 Belgrade Avenue in North Mankato, Minnesota.
Key Highlights
- Five apartments occupy the upper levels
- Main‑level retail suite currently operates as a skin and spa clinic
- Contemporary finishes and curated lighting in the retail area
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Main-level retail space includes display windows, while upper floors provide residential accommodations.
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 apartments occupy the upper levels; Main‑level retail suite currently operates as a skin and spa clinic; Contemporary finishes and curated lighting in the retail area
