$15,000
North Mankato, MN 56003
MLS# 7000277
7 beds | 8 baths
1 / 5
Property Description
Premier Mixed-Use Property | Modern Retail Space + Five Luxury ApartmentsDiscover an exceptional opportunity to own an elegant, modern mixed-use property perfectly suited for high-end wellness, boutique retail, or professional services. The main level features a beautifully designed upscale retail suite currently operating as a luxury skin and spa clinic, showcasing contemporary finishes, refined décor, and a tranquil, sophisticated atmosphere. Large display windows and thoughtfully curated lighting create a welcoming street presence ideal for any premium brand. The upper levels include five well-appointed apartments, each offering stylish modern design, open layouts, and abundant natural light. These residences provide stable rental income as well as conveniencefor on-site owners or staff. This property blends aesthetic appeal with practical functionality—perfect for investors, owner-operators, or entrepreneurs seeking a turnkey space in a desirable location. With its elegant design, updated infrastructure, and strong mixed-use potential, this is a rare offering that delivers both luxury and long-term value.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $15,000
Original List Price: 15000
Contingency: None
ListPrice: 15000
List Date: 2025-12-12
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1896
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 50.01x155.15
Acres: 0.18
Foundation Size: 1896
Garage Stalls: 0
For Sale or Lease: For Lease
Bedrooms: 7
Baths Total: 8
Location, Tax and Other Information
Legal Description: BLK 1 & PT BLK 6; E 25' LOT 8 BLK 6; W 25' LOT 7 BLK 6 BLK 1 & PT BLK 6; E 25' LOT 8 BLK 6; W 25' LOT 7 BLK 6 SUBD OF BK 1 & PT BK 6
Listing City: North Mankato
Map Page: 999
Municipality: North Mankato
School District: Mankato
School District Phone: 507-387-1868
Zip Plus 4: 1009
Property ID Number: 188020130
Tax Year: 2025
Tax Amount: 40792
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Premier Mixed-Use Property | Modern Retail Space + Five Luxury ApartmentsDiscover an exceptional opportunity to own an elegant, modern mixed-use property perfectly suited for high-end wellness, boutique retail, or professional services. The main level features a beautifully designed upscale retail suite currently operating as a luxury skin and spa clinic, showcasing contemporary finishes, refined décor, and a tranquil, sophisticated atmosphere. Large display windows and thoughtfully curated lighting create a welcoming street presence ideal for any premium brand.
The upper levels include five well-appointed apartments, each offering stylish modern design, open layouts, and abundant natural light. These residences provide stable rental income as well as conveniencefor on-site owners or staff.
This property blends aesthetic appeal with practical functionality—perfect for investors, owner-operators, or entrepreneurs seeking a turnkey space in a desirable location. With its elegant design, updated infrastructure, and strong mixed-use potential, this is a rare offering that delivers both luxury and long-term value.
Directions: Range left on Belgrade building on the right.
Accessible
None: 1
Air Conditioning
Central Air: 1
Assessments
Assessment Balance: 126
Tax With Assessments: 40918
Building Information
Building Finished SqFt: 7846
Building SqFt: 7846
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Foundation
Other: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Triple Net: 1
Lease Amount Type: Monthly
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Other: 1
Rental License Type
Standard: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Unit 1
Lease Expiration Date: 2026-06-09
Leased?: Yes
Unit Number: 201
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
No. of 1 Bedroom Units: 3
Unit Details
Total Units: 6
Water
City Water/Connected: 1
Tenant Pays
All Utilities: 1
Unit 2
Lease Expiration Date: 2026-05-31
Leased?: Yes
No. of 2 Bedroom Units: 2
Unit Number: 202
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Unit 3
Lease Expiration Date: 2026-05-08
Leased?: Yes
Unit Number: 301
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Unit 4
Lease Expiration Date: 2026-09-30
Leased?: Yes
Unit Number: 302
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit 5
Lease Expiration Date: 2024-10-01
Leased?: Yes
Unit Number: 237 1/2
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Unit 6
Lease Expiration Date: 2026-02-10
Leased?: Yes
Level: Main Level
Unit Number: 235
Half Baths: 3
Total Bathrooms: 3
Total Rooms: 10
Unit Total SqFt: 4196
On Site Utilities
Electric Separate: 1
CMU Style
Apartments and Retail: 1
Current Use
Professional Service: 1
Location Tax and Other Information
House Number: 235 - 237
Street Name: Belgrade
Street Suffix: Avenue
Postal City: North Mankato
County: Nicollet
State: MN
Zip Code: 56003
Property Features
Accessible: None
Air Conditioning: Central Air
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Professional Service
Exterior: Brick/Stone
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air
Lease Details: Triple Net
On Site Utilities: Electric Separate
Parking Characteristics: Other
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: All Utilities
Water: City Water/Connected
Listing Office: Keller Williams Premier Realty
Last Updated: January - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
