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28991664
28991665

521 - 523 North Riverfront Drive, North Mankato, MN 56001

DS
MN 40137517
NAI North Star
Listed by NAI North Star
$735,000
426 days on market
Updated 12 days ago

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

Details
Property Type Retail, Mixed Use
Sub Type Storefront, Commercial (+1)
Square Footage 6,952
Units 6
Lease Type Modified
Year Built 1896
Acreage 0.159
Investment Type Owner/User
Sale Condition 1031 exchange

Retail | 6,952 SqFt

Marketing 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.

Investment 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

Listing Contacts

DS
MN 40137517
NAI North Star
Listed by NAI North Star

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Map

Zoning

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CBD-F CommercialCore CommercialCentral Business District Fringe
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View all 85 uses
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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