507-380-6627
327 N Riverfront Dr, Mankato, MN for Sale
Storefront Retail/Residential - FOR SALE
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327 N Riverfront Dr
Mankato, MN 56001
Riverfront Park


HIGHLIGHTS

  • Riverfront Drive investment opportunity.
  • Pricing subject to offer.
  • 100% Occupancy with long rental history.
  • $150,000+ interior improvements in last 10 years.
  • 3-Unit Property.
  • New roof (2020) and new air conditioner.

OVERVIEW

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 and new AC unit being added now. Retail tenant's lease is Modified Gross with 2 years left in the term.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1891

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,703 SF

ZONING

-

APN/PARCEL ID

R01-09-07-378-001

ASK ABOUT THIS PROPERTY

Cate DeBatesNAI North StarMore Info
507-380-6627

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Cate DeBatesNAI North StarMore Info
507-380-6627

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.