Mixed-Use Property with
For Sale
Contact for pricing
Pending
626 S 2nd St, Mankato, MN 56001
Two-level configuration combines an established commercial area with residential space and dedicated parking.
Property SizeContact for details
Days on Market142
Property Features for 626 S 2nd St
General Information
Standard status
Pending
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
True Commercial | Business Brokerage
(507) 381-2969
Listed By:
Karen Toft · License #40611409
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 4:07PM
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 True Commercial | Business Brokerage
Investment Insights
Based on property information with market context.
This mixed-use building places a commercial operation on the main floor and a three-bedroom apartment above. The commercial area includes forced-air heat, central air, basement shelving, coolers, and a counter. The apartment is served by boiler heat and window units, while the boiler receives annual servicing. The roof was sealed approximately 2 years ago, and the property is offered as-is.
Located at 626 S 2nd St in Mankato, MN, the property includes a side and rear parking area. Three spaces are reserved for apartment occupants, with approximately 10 additional spaces available for customers and employees; street parking is also available. The commercial space has operated as a floral shop for approximately 39 years, with the current business in place for 30+ years.
A current rental license permits up to 5 unrelated occupants, supporting the existing residential configuration.
Located at 626 S 2nd St in Mankato, MN, the property includes a side and rear parking area. Three spaces are reserved for apartment occupants, with approximately 10 additional spaces available for customers and employees; street parking is also available. The commercial space has operated as a floral shop for approximately 39 years, with the current business in place for 30+ years.
A current rental license permits up to 5 unrelated occupants, supporting the existing residential configuration.
Key Highlights
- Mixed‑use building with commercial space and a 3 bedroom apartment
- Current rental license for up to 5 unrelated
- Approximately 10 additional open parking spaces plus 3 reserved apartment spaces
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,474
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 25%
Groceries 22%
Hotels & Casinos 6%
Kwik Trip
Shops & Services
35,520 visits/mo
0.4 miles
Hy-Vee
Groceries
20,686 visits/mo
0.4 miles
Arby's
Dining
8,606 visits/mo
0.3 miles
Hilton Garden Inn, Mankato Downtown
Hotels & Casinos
5,134 visits/mo
0.4 miles
Jersey Mike's Subs
Dining
4,898 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines an established commercial area with residential space and dedicated parking.
Where is this mixed-use property located?
The property is located at 626 S 2nd St Mankato, MN.
What are key features of this property?
This property features: Mixed‑use building with commercial space and a 3 bedroom apartment; Current rental license for up to 5 unrelated; Approximately 10 additional open parking spaces plus 3 reserved apartment spaces
