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Mixed-Use Property with Five Apartments
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235 - 237 Belgrade Avenue, North Mankato, MN 56003

Commercial Sale, North Mankato, MN

Property SizeContact for details
Lot Size0.18 Acres
Days on Market301

Property Features for 235 - 237 Belgrade Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 7
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 6, Bathroom 8, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 7, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
High school district Mankato
Directions Range left on Belgrade building on the right.
Standard status Active
APN 188020130
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 40792

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1896
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: Shawna L. Wolfe · License #20215401
Added: Dec 12, 2025 Changed: Oct 8 Last Checked: Oct 9 at 5:06PM
MLS# 7000277

Copyright © 2026 Northstar MLS. 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 at 235–237 Belgrade Avenue has a retail suite on the ground floor and five apartments on the upper levels. The retail space is currently used as a skin and spa clinic. The building was constructed in 1896 and sits on a 0.18-acre lot.

Building systems include forced-air heating and central air conditioning. The property combines commercial space with five residential units in a single building in North Mankato.

Key Highlights

  • Five apartments occupy the upper levels
  • Ground‑floor retail suite currently operates as a skin and spa clinic
  • 0.18‑acre lot in North Mankato

Property Analytics

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Current Use

Retail space

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A ground-floor retail suite and five upper-level apartments combine commercial and residential space in one building.
Where is this mixed-use property located?
The property is located at 235 - 237 Belgrade Avenue North Mankato, MN.
What are key features of this property?
This property features: Five apartments occupy the upper levels; Ground‑floor retail suite currently operates as a skin and spa clinic; 0.18‑acre lot in North Mankato
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