Riverfront Drive Mixed-Use Investment - 329 N.
$450,000
329 N Riverfront Dr, Mankato, MN 56001
3,168 sqft
Building Size
0.0613 acres
Lot Area
Details:
Highlights:
- 100% Occupancy with long rental history
- 3-Unit Property
- New Roof (2020)
- New Air Conditioner + Pipe Lining
- $150,000+ interior improvements in last 10 years
Description:
Own a piece of Mankato's history downtown. This mixed-use property has one of Mankato's longest running coffee shops and two 1-bedroom apartments on the second level. With an excellent rental history, the property's tenants are fully vetted with background and credit checks and has room for value-add improvements for an ambitious owner. New roof in 2020. Commercial tenant's lease is Triple Net and renewed for three years (2025-2028). Price recently reduced with discounts for closing in 2025.
Located in the historic old-town district, this property is surrounded by arts + culture. Known for it's local boutiques, cafes and art/event scene - Riverfront Drive connects local brands to the City Center. Riverfront Drive is a primary artery, running from 4-lane Highway 14 and intersecting with US-169.
Documents:
| Title | ||
|---|---|---|
| Riverfront_Drive_Mixed-Use_Investment_-_329_N..pdf |
Location
Gallery
