Riverfront Dr Retail Space

Highlights:

• Mixed-Use Investment Opportunity
• CFD Available
• Excellent Owner-User Potential
• Long-Term Stability + Excellent Rental History
• 4 Residential Units (1-2 Bed)
• 2 Commercial Spaces - Established Local Brand

Description:

Prime Mixed-Use Investment Opportunity – 521-523 North Riverfront Drive, Mankato, MN
Presenting a rare opportunity to own a fully functional, income-generating mixed-use property in the heart of Mankato’s vibrant Riverfront district. Located at 521-523 North Riverfront Drive, this well-maintained building features two street-level commercial storefronts and four fully leased residential units, offering diverse revenue streams and long-term investment stability. The upper-level residential units are a mix of one- and two-bedroom apartments, all well-kept and consistently occupied, benefiting from the walkability of downtown Mankato. This property is perfect for investors seeking a turn-key asset with strong in-place cash flow and upside potential through rental rate optimization or future development. A rare gem in a growing urban area—schedule your private tour today.

The vacant commercial space (521 N Riverfront) is available for immediate lease under a modified gross lease, with tenants responsible for electric utilities. Each space includes large display windows, high ceilings, and flexible layouts to suit a range of tenant needs.

Located at 521 North Riverfront Drive in North Mankato, MN, this mixed-use property offers a prime investment or leasing opportunity. The building combines historic charm with modern functionality, featuring large display windows, a checkout counter, fitting room, and additional garage storage and small office. The property benefits from high visibility and accessibility, situated near Highways 169 and 14, with a daily traffic count of 18,600 vehicles . Its location amidst other shops and residential areas enhances foot traffic potential. With a Walk Score of 84 and a Bike Score of 80, the area is highly navigable, appealing to both pedestrians and cyclists . Proximity to local activities and events further adds to its attractiveness for retail ventures. For investors, the property's strategic location and built-in retail features present a compelling opportunity. For prospective tenants, it offers a ready-to-use space in a vibrant community.

1 Space Available

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