Riverfront Drive Investment - 329 N.

329 N Riverfront Dr Mankato, MN 56001

329 N Riverfront Dr, Mankato, MN, 56001
329 N Riverfront Dr, Mankato, MN, 56001 329 N Riverfront Dr, Mankato, MN, 56001 329 N Riverfront Dr, Mankato, MN, 56001 329 N Riverfront Dr, Mankato, MN, 56001
FOR SALE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Oct 25, 2024

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Highlights

  • 100% Occupancy with long rental history
  • 3-Unit Property
  • New Roof (2020)
  • New Air Conditioner
  • $150,000+ interior improvements in last 10 years

Description

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.

Located in the historic old-town district, this property is surrounded by arts + culture. Known for it's local boutiques, cafes and art/event scene - Riverfront Drive connects local brands to the City Center. Riverfront Drive is a primary artery, running from 4-lane Highway 14 and intersecting with US-169.


Year Built: 1891
Building Size: 3168sq ft
Lot Size: 0.06 acres


Documents

329 Riverfront Drive Sale Brochure

Map of 329 N Riverfront Dr, Mankato, MN, 56001

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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