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$5,750,000

0 Beds 0 Baths 0 SQFT 0.00 Acres
Type: Commercial

500 S 2nd Street
Mankato, MN 56001

MLS#: 7039815
Lynnea Wetzel
Lynnea Wetzel
The Real Estate Advantage
Agent
Phone: 612.702.3687
Office: 507.665.3777
Presented by: LANDMARK REAL ESTATE

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.


 

General

HeatingSpace/Wall Heater
Sale/LeaseFor Sale
Sale/RentFor Sale
School DistrictMankato #77
SewerCity
StatusActive
StatusACTIVE
SubdivisionMN
WaterCity
Year Built1950

Exterior

Construction TypeOther (explain in rmks)
ExteriorBrick, Stucco
Foundation Size16848
WaterfrontNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$5,750,000

0 Beds 0 Baths 0 SQFT 0.00 Acres
Type: Commercial

500 S 2nd Street
Mankato, MN 56001

MLS#: 7039815
Lynnea Wetzel
Lynnea Wetzel
The Real Estate Advantage
Agent
Phone: 612.702.3687
Office: 507.665.3777