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Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront

$795,000

521 - 523 North Riverfront Drive, Mankato, MN 56001

Active
Last Updated: 11/19/2025

6,952 sqft

Building Size

0.159 acres

Lot Area

Details:
Building Size:    6,952 sqft
Lot Area:    0.159 acres
Units:    6
Year Built:    1896
Highlights:
  • Mixed-Use Investment
  • Professional Leasing/Management in Place for Passive Investment
  • Long-Term Stability + Excellent Rental History
  • 4 Residential Units (1:1)
  • 2 Commercial Spaces - Established Local Brands
  • Seller Financing Potential
Description:

Offered for sale through a leading regional advisor, this commercial offering presents an institutional-ready investment or owner-user acquisition. The asset enables capital-efficient entry into a high-growth region, with upside through operational enhancement, leasing convergence or repositioning. Whether structured as a value-add acquisition or a long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy or redevelopment. Leveraging the full-service capabilities of a local brokerage and management platform, the transaction is supported by integrated advisory, market intelligence and asset management services—enabling investors to scale in Southern Minnesota with confidence. Ideal for institutional, private-equity or strategic investors seeking a core-plus, commercial real estate investment ready for turnkey execution.

Strategically situated in the heart of Southern Minnesota’s growth corridor, this prime asset offers exceptional visibility and accessibility via regional thoroughfares. Located within the dynamic greater Mankato marketplace, the site benefits from a robust employment base, anchored by key institutions in healthcare, manufacturing, education and agribusiness. It is surrounded by a stable mix of office, industrial, retail and multi-family uses, reflecting strong demand fundamentals 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 compelling value-add opportunity for owners pursuing market entry or redevelopment strategies.

Map:
1 Space Available

521 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
2,237
Lease Rate:
$2,500/mo

Tenant pays electric

Documents:
Title
Old_Town_Mankato_Mixed-Use_Investment_-_512-523_North_Riverfront_Lease.pdf
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Location
Gallery