327 N Riverfront Drive, Mankato, MN for sale

Investment Overview

327 N Riverfront Drive presents a rare mixed-use owner-user and investment opportunity in Downtown Mankato’s historic Old Town district. The property features a professionally renovated commercial space with excellent storefront visibility and an upper-level apartment with a separate entrance, providing additional income potential. The office as-s has four private offices and a large reception area off the back parking lot. Significant capital improvements include a new roof completed in 2024 and a full interior and exterior commercial renovation in 2010 totaling more than $200,000. The apartment unit is fully leased beginning July 1, 2026, creating immediate supplemental cash flow for investors or owner-occupants. Ideal for retail, office, or service users seeking to combine business operations with long-term investment value in a high-visibility downtown location.

Investment Highlights

• Owner-User Investment Opportunity
• Fully Leased Apartment
• New Roof (2024)
• Exceptional Updates and Finishes Throughout