Updated Office Building in
For Sale
Contact for pricing
500 S Broad Street, Mankato, MN 56001
Three-tenant office building in downtown Mankato with recent updates.
Property Size2,345 SF
Price / SF$194.03
Days on Market163
Property Features for 500 S Broad Street
General Information
Standard status
Active
Size
2,345 SF
Class
C
Property subtype
Retail, Office
Zoning
Commercial
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
1973
Year Renovated
2023
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Fisher Group
(507) 625-0989
Listed By:
Rosie Brunmeier · License #MN
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 19 at 12:39AM
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 Coldwell Banker Commercial Fisher Group
Investment Insights
Based on property information with market context.
Located at the corner of South Broad Street and Cherry Street in downtown Mankato, the property is situated in a well-established commercial district, surrounded by professional offices, financial institutions, retail businesses, churches, and nearby residential neighborhoods. The location offers strong visibility and convenient access within Mankato’s central business area. The property at 500 South Broad Street is a three-tenant office and service building totaling 2,345 square feet and is currently fully leased. Constructed in 1973 and renovated in 2022, the property provides stable occupancy and recent building updates, including a new furnace and air conditioning system installed in 2022, and a metal roof installed in 2014. The building is suitable for investors seeking an income-producing asset or a future owner-occupant opportunity. The property benefits from a long-term parking arrangement through a City of Mankato approved leasehold agreement on the adjacent parcel, allowing the owner to retain parking privileges while avoiding the cost of ownership for the additional parcels.
Key Highlights
- Fully leased, income‑producing property.
- Prime downtown Mankato location** with high visibility and convenient access.
- Recent renovations including new furnace and air conditioning (2022).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-tenant office building in downtown Mankato with recent updates.
Where is this office building located?
The property is located at 500 S Broad Street Mankato, MN.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Fully leased, income‑producing property.; Prime downtown Mankato location** with high visibility and convenient access.; Recent renovations including new furnace and air conditioning (2022).
