340 Stadium Rd Mankato, MN 56001

Property Details for 340 Stadium Rd

Property size

9,829 SF

Property type

Commercial real estate

Description

This exceptional mixed-use apartment building presents a compelling investment opportunity in Mankato, Minnesota. Located at 340 Stadium Road, this newer construction property boasts 9,829 square feet situated on a generous 49,779 square foot lot. The building comprises 20 units, currently enjoying 100% occupancy, generating a substantial net operating income (NOI) of $306,000 and a 6.38% capitalization rate. The asking price is $4,800,000. Its prime location offers excellent proximity to Minnesota State University, Mankato (MSU), ensuring consistent tenant demand. The mixed-use nature of the building provides diverse income streams. Furthermore, the property benefits from its convenient location near a variety of amenities, ample on-site parking for tenants and customers, and prominent signage for enhanced visibility. This well-maintained building represents a rare opportunity to acquire a high-performing asset in a thriving market. The property's strong financial performance, coupled with its desirable location and features, makes it an ideal investment for discerning buyers seeking stable returns and long-term growth potential. This is a turnkey operation with significant upside potential.