626 2Nd St Mankato, MN 56001

Property Details for 626 2Nd St

Year built

1871

Lot size

0.21 lot acres

Property size

3,354 SF

Property type

Commercial real estate

Description

This exceptional mixed-use property at 626 S 2nd St, Mankato, MN 56001, presents a compelling investment opportunity. The 3,354 square foot building, constructed in 1871, boasts a prime location and features two tenants: a long-standing commercial tenant on the main floor and a three-bedroom apartment on the upper level. The apartment holds a rental license for up to five unrelated individuals. Ample parking is available with 13 spaces, including 3 reserved for apartment tenants and approximately 10 for commercial use. Street parking is also an option. The property sits on a 0.21-acre lot. The roof was recently sealed (approximately two years ago). Heating systems vary: forced air for the commercial space and boiler heat for the apartment and back commercial area. The boiler receives annual servicing. Cooling is provided by central air in the commercial space and window units in the apartment. Included in the sale are shelving in the basement, coolers, and a counter in the commercial space. The commercial space has been occupied by a floral shop for over 30 years. The property is being sold "as is". This is a rare chance to acquire a well-established, income-generating property in a desirable location. The asking price is $499,000, representing a price per square foot of $148.78. The building is a two-story structure. This is a NNN lease type.