500 S 2nd Street, Mankato, MN 56001
500 S 2nd Street, Mankato, MN 56001
500 S 2nd Street, Mankato, MN 56001
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$5,750,000
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500 S 2nd Street Mankato, MN 56001

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Jeremy Moore

Jeremy Moore

+1(651) 895-9324

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Mn

MLS Listing ID 7039815

Style Other (explain in rmks)

Year Built 1950

Annual Tax Amount $30,202

Tax Year 2026

Property Sub-Type Commercial

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.

Location

State MN

County Blue Earth County

Area Mankato Central

Direction S

Interior

Heating Space/Wall Heater

Exterior

Exterior Feature Brick, Stucco

Building

Foundation 16848

Sewer City

Water City

Structure Type Other (explain in rmks)

Schools

School District Mankato #77

Others

Energy Description Natural Gas

Listed by LANDMARK REAL ESTATE
Nearby Locations
Jeremy Moore

"Buying a home is one of the biggest decisions you’ll make. You deserve to be in the driver’s seat with someone in your corner who tells it to you straight. My job is to make the process clear, cut through the noise, and make sure you understand the full picture every step of the way. "

+1(651) 895-9324

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Sleepy Eye, MN 56085, USA

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500 S 2nd Street