329 N Riverfront Dr, Mankato, MN 56001 For Sale

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).

Appraised January 2026 for $480,000.00.

Situated in the heart of the city's central business district, this property occupies a commanding position amidst the downtown skyline—within close proximity to municipal offices, urban amenities and key transit routes. The location benefits from foot traffic, restaurant-retail synergies and stable daytime workforce population, all set within a revitalizing urban setting. With strong municipal support for core development and established infrastructure, this address provides both prestige and operational convenience for tenants or investors aiming to anchor their operations in the region's primary urban hub.