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521 - 523 North Riverfront Drive Mankato, MN 56001

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For Sale
$795,000

Mixed-use property with residential and commercial units in Mankato.

Type:Mixed Use Investment
Property size:
6,952 SF
Added:
Nov 21, 2025
Days on Market:
134
Last Refresh:
Dec 3 at 5:12 am

Property Features for 521 - 523 North Riverfront Drive

General Information

Standard status
Active
Size
6,952 SF
Property subtype
Mixed Use Investment

Building Details

Year Built
1896

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Listing Contact
Jane Luchterhand
Jane Luchterhand

Listing agent Jane Luchterhand License #81855-94

Listing office Berkshire Hathaway HomeService

Listing date Nov 21, 2025

Source Naiglobal

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 Berkshire Hathaway HomeService


Overview

Mixed-Use Investment Opportunity

This mixed-use property, offered for sale, presents an investment or owner-user acquisition opportunity. It allows entry into a high-growth region, with potential through operational enhancement, leasing convergence, or repositioning. Suitable as a value-add acquisition or long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy, or redevelopment. The property is strategically situated in Southern Minnesota’s growth corridor, offering visibility and accessibility via regional thoroughfares. Located within the greater Mankato marketplace, the site benefits from a robust employment base, anchored by institutions in healthcare, manufacturing, education, and agribusiness. It is surrounded by a mix of office, industrial, retail, and multi-family uses, reflecting demand for repositioning or expansion. With infrastructure in place and proximity to major transit routes linking to the Twin Cities and the Iowa border, the location presents a value-add opportunity for owners pursuing market entry or redevelopment strategies. The property features long-term stability and an excellent rental history. It includes 4 residential units and 2 commercial spaces occupied by established local brands. Seller financing is a potential option. The property size is 6,952 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Pippi Lane Boutique ... Clothing & Fashion Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Mankato
County
Nicollet
State
Minnesota
Longitude
-93.998414
Latitude
44.171863

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial units in Mankato.
Where is this mixed-use property located?
The property is located at 521 - 523 North Riverfront Drive Mankato, MN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Strategic location in Southern Minnesota's growth corridor with high visibility and accessibility.; Mixed‑use property with **4 residential units and 2 commercial spaces leased to established local brands.**; Professional leasing and management in place for passive investment.
More about this property
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