422 Belgrade Ave
Mixed Use | 6.88% CAP | 24,102 SqFt
Marketing description
Built in 2013, this mixed-use asset is in a premium North Mankato location just steps from downtown.
Mankato, located in south-central Minnesota, is a vibrant and rapidly growing regional center known for its strong economy, excellent quality of life, and diverse amenities. Home to over 45,000 residents and serving a regional population of more than 100,000, Mankato blends small-town charm with the conveniences of a larger city
The city is anchored by Minnesota State University, Mankato, one of the largest universities in the state, which fuels the local economy and provides a steady demand for housing. Major employers such as Mayo Clinic Health System, Taylor Corporation, and Verizon contribute to a stable and diverse job market, making Mankato an attractive location for professionals, students, and families alike.
Residents and visitors enjoy a wide range of amenities, including an expanding downtown district with restaurants, breweries, and shopping, as well as abundant outdoor recreation. The city is known for its extensive trail system, proximity to the Minnesota River, and year-round events that make it a lively community.
Investment highlights
- Built in 2013, this mixed-use asset is in a premium North Mankato location just steps from downtown.
- The property offers a compelling value-add opportunity through potential upside in both apartment and retail rental rates.
- Additional highlights include ample off-street parking, in-unit laundry, large, updated apartment units, and high-quality retail and office space on the main floor.
- Newer construction built in 2013, significantly reducing near-term capital expenditure risk.
- Located near restaurants, coffee shops, banks, trails, and professional services, creating a walkable mixed-use environment attractive to both residents and businesses.
- Strong accessibility with quick connections to Highway 169 and proximity to downtown Mankato, enhancing both commuter convenience and retail traffic exposure.
- Lower North Mankato corridor continues to benefit from surrounding residential density and ongoing commercial activity, supporting long-term leasing demand.
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