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Mixed-Use Property with Apartments
For Sale
Contact for pricing
Pending

237 Belgrade Ave, North Mankato, MN 56003

Existing medical spa space is paired with five apartments, offering a combination of commercial and residential income uses.

Property SizeContact for details
Days on Market130

Property Features for 237 Belgrade Ave

General Information

Standard status Pending
Property subtype Office, Retail
Listing Agency: KW Commercial Midwest
Listed By: James Halbur · License #40144147
Source: Crexi
Added: Apr 24 Changed: Aug 31 Last Checked: Aug 31 at 12:26AM

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 KW Commercial Midwest

Investment Insights

Based on property information with market context.

Located at 237 Belgrade Ave in North Mankato, this mixed-use property currently operates as a skin clinic and medical spa. The commercial portion may be adapted for office or retail occupancy, subject to applicable requirements.

The building also contains five income-producing apartments, each equipped with heat and air-conditioning. This configuration combines an existing commercial use with residential units in one property.

Key Highlights

  • Five income‑producing apartments included
  • Apartments feature heat and air‑conditioning
  • Current use is a skin clinic medical spa

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.

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Existing medical spa space is paired with five apartments, offering a combination of commercial and residential income uses.
Where is this mixed-use property located?
The property is located at 237 Belgrade Ave North Mankato, MN.
What are key features of this property?
This property features: Five income‑producing apartments included; Apartments feature heat and air‑conditioning; Current use is a skin clinic medical spa
(507) 317-2353 Call to check price and availability
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