500 S 2nd ST, Mankato, MN 56001
500 S 2nd ST, Mankato, MN 56001
500 S 2nd ST, Mankato, MN 56001
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$5,750,000
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0.4 Acres Lot
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500 S 2nd ST Mankato, MN 56001

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Lars Anderson

Lars Anderson

+1(651) 497-1666

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Mankato

MLS Listing ID 7038261

Year Built 1950

Annual Tax Amount $30,202

Tax Year 2026

Contingent None

Lot Size 0.396 Acres

Lot Dimensions 112x157x112x157

Property 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. 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. Building #3 (117 E Cherry St) is a two story 2,904 SF brick building that has two apartments that are each 4 bedrooms.

Location

State MN

County Blue Earth

Zoning Business/Commercial

Interior

Heating Forced Air

Inclusions Building

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate

Present Use Residential

Building

Foundation 16848

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Mankato

Listed by Jonathan Kietzer • Landmark Realtors, LLC

NEARBY SCHOOL & BUSINESS

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Lars Anderson

Lars Anderson

Agent | License ID: 40584523

+1(651) 497-1666

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500 S 2nd ST

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