Search
Mixed-Use Building with Five Apartments
For Sale
$2,600,000

235 - 237 Belgrade Ave, North Mankato, MN 56003

Main-level retail space currently serves as a skin and spa clinic, while upper floors contain modern residential units.

Property Size7,846 SF
Price / SF$331.38
Days on Market20

Property Features for 235 - 237 Belgrade Ave

General Information

Standard status Active
Size 7,846 SF

Additional Details

Multifamily Units 5

Building Details

Year Built 1896
Buildings 1
Listing Agency: Keller Williams Premier Realty
Listed By: Shawna L. Wolfe · License #20215401
Source: Homesminn
Added: Aug 10 Changed: Aug 28 Last Checked: Aug 25 at 4:52AM

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 Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

Built in 1896, this mixed-use property combines a main-level retail suite with five apartments across the upper floors. The commercial space is currently configured as a skin and spa clinic and includes contemporary finishes, display windows, and carefully planned lighting. Its layout can also support boutique retail or professional services, subject to applicable requirements.

The residential component features modern interiors, open-plan layouts, and substantial natural light. With 7,846 square feet of property size, the building brings commercial and residential uses together within one asset. The property is located at 235 - 237 Belgrade Ave in North Mankato, Minnesota.

Key Highlights

  • Five apartments occupy the upper levels
  • Main‑level retail suite currently operates as a skin and spa clinic
  • 7,846 property size

Property Analytics

Current Use

Spa & wellness properties

Suggested Use

Top Pick Dental Office Storage Facility Grocery & Convenience Store Barber Shop Locksmith Pet Grooming Service

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

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,577
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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?
Mixed-use property - Main-level retail space currently serves as a skin and spa clinic, while upper floors contain modern residential units.
Where is this mixed-use property located?
The property is located at 235 - 237 Belgrade Ave 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; 7,846 property size
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message