Riverfront Drive Mixed-Use Investment - 329 N.

Investment Overview

Own a piece of Mankato's history downtown. This mixed-use property has one of Mankato's longest running coffee shops and two 1-bedroom apartments on the second level. With an excellent rental history, the property's tenants are fully vetted with background and credit checks and has room for value-add improvements for an ambitious owner. New roof in 2020. Commercial tenant's lease is Triple Net and renewed for three years (2025-2028). Appraised January 2026 for $480,000.00.

Investment Highlights

• 100% Occupancy with long rental history
• 3-Unit Property
• New Roof (2020)
• New Air Conditioner + Drainage Pipe Lining
• $150,000+ interior improvements in last 10 years