327 N Riverfront Drive

Highlights:

• Owner-User Investment Opportunity
• Fully Leased Apartment
• New Roof (2024)
• Exceptional Updates and Finishes Throughout

Description:

327 N Riverfront Drive presents a rare mixed-use owner-user and investment opportunity in Downtown Mankato’s historic Old Town district. The property features a professionally renovated commercial space with excellent storefront visibility and an upper-level apartment with a separate entrance, providing additional income potential. The office as-s has four private offices and a large reception area off the back parking lot. Significant capital improvements include a new roof completed in 2024 and a full interior and exterior commercial renovation in 2010 totaling more than $200,000. The apartment unit is fully leased beginning July 1, 2026, creating immediate supplemental cash flow for investors or owner-occupants. Ideal for retail, office, or service users seeking to combine business operations with long-term investment value in a high-visibility downtown location.

Located in Downtown Mankato’s historic Old Town district, 327 N Riverfront Drive offers outstanding storefront visibility along a highly trafficked commercial corridor. Ideal for retail, office, or service users, the property benefits from strong pedestrian activity, excellent street exposure, and proximity to restaurants, boutiques, entertainment, and professional services. Convenient access to the nearby 300 Block public parking ramp provides easy parking for employees and customers. With quick connectivity to Highway 169 and the Greater Mankato market, this sale or lease opportunity delivers premier downtown positioning in one of Southern Minnesota’s most active business districts.

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