329 N Riverfront Dr

329 N Riverfront Dr, Mankato, MN 56001

RETAIL For Sale

Year Built: 1891

Floors: 2

Available Spaces

SpaceSizeTypePricing
Riverfront Drive Mixed-Use Investment for Sale SALE $489,000.00

Contact

Cate DeBates - NAI North Star

PHONE: 5073806627

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 have room for value-add improvements for an ambitious owner. New roof in 2020. Commercial tenant's lease is Triple Net and renewed for three years (2025-2028). • 100% Occupancy with long rental history • 3-Unit Property • New Roof (2020) • New Air Conditioner + Drainage Pipe Lining • $150,000+ interior improvements in the last 10 years