500 S 2nd St

For Sale

500 S 2nd St, Mankato, MN 56001

This Mankato property for sale is located at 500 S 2nd St. The general use of 500 S 2nd St is office and it incorporates 44,076 square feet of class A office space. The current listed sale price for 500 S 2nd St is $6,550,000. 500 S 2nd St is situated on a lot that is 0.4 acre in size.

Contacts

broker
Jon Kietzer

Landmark Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 44,076 SF
  • Units 40
  • Lot Size 0.4 Acre
  • Building Class A
  • Year Built 1950
  • Date Updated Jan 16, 2025
Located in downtown Mankato on the corner of 2nd St. and Cherry St.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 1963. 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 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 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 8two bedroom units and 30 one bedroom units. Building #3 is a two story 2,904 SF brick building that has two apartments that are each 4 bedroom.
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Getting around

  • 87/100

    Walk Score ®

  • 79/100

    Bike Score ®

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Location

  • City Mankato, MN
  • Zip Code 56001

Points of Interest

  • Hy-Vee Gas

    0.19 miles

  • Kwik Trip

    0.49 miles

  • Cenex

    0.54 miles

  • Speedway

    1.25 miles

  • Circle K

    1.29 miles

  • Happy Dan's Gas Station

    1.72 miles

  • Casey's General Store

    1.97 miles

  • Tesla Destination Charger

    2.52 miles

  • Cherry Street Parking Ramp

    0.07 miles

  • City Center Ramp

    0.11 miles

  • Mankato Place Ramp

    0.17 miles

  • Civic Center Ramp

    0.29 miles

  • Park

    0.77 miles

  • Lot 17

    0.80 miles

  • Lot 14

    0.88 miles

  • Lot 18

    0.88 miles

  • Lot 15

    0.96 miles

  • Lot 16

    0.98 miles

  • Hilton Garden Inn Mankato Downtown

    0.21 miles

  • Mankato City Center Hotel

    0.33 miles

  • Norwood Inn

    1.32 miles

  • AmericInn

    1.39 miles

  • Coratel Inn & Suites

    1.71 miles

  • Days Inn

    1.77 miles

  • Riverside Suites

    1.87 miles

  • River Hill Motel

    2.33 miles

  • Comfort Inn & Suites

    2.52 miles

  • Courtyard Mankato

    2.55 miles

  • Hy-Vee

    0.21 miles

  • Cub Foods

    0.60 miles

  • Madison East Center

    1.74 miles

  • Belle Mar Center

    1.75 miles

  • ALDI

    2.17 miles

  • Raintree Mall

    2.44 miles

  • River Place

    2.63 miles

  • JCPenney

    2.65 miles

  • River Hills Mall

    2.65 miles

  • Walmart Supercenter

    2.72 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Jon Kietzer

Landmark Real Estate

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