USAMNMankatoMankato500 S 2Nd Street
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New
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$5,750,000

For Sale

3 hours ago

500 S 2Nd Street, Mankato, MN

House

MLS® 7039815

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $30,202
Days Active 0
Lot Size 
Approx. Age 1950
MLS® Number 7039815

Property Address: 500 S 2nd Street, Mankato, MN, 56001

Average square foot calculated using Size range provided by listing agent.

Description

Cherry Square is an apartment complex on the corner of 2nd St. and Cherry St. formerly known as the Inn Towne Motel in the downtown Mankato bar district. It was built in 1950. This 38 unit- 3 story complex is built of pre-stressed concrete and brick. Parking is on the main level under the square shaped building which is elevated on columns. The apartments, consisting of 8 two bedroom units and 30 one bedroom units, went through a total remodel in 2022 and early 2023. The occupancy rate is currently at 100%. There is ample parking on the property for all residents. Building #2 (121 E Cherry St) is a commercial building consisting of 12, 663SF which is leased to Menari Body Works. The elevator is shared with the apartment building and the commercial building. The apartments consist of 8 two bedroom units and 30 one bedroom units. Building #3 (117 E Cherry St) is a two story 2, 904 SF brick building that has two apartments that are each 4 bedrooms.
MLS® Number7039815
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 31, 2026List Date
$5,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
500 S 2Nd Street, Mankato, MN

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