Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront

For Sale

521 - 523 North Riverfront Drive, Mankato, MN 56001

This Mankato property for sale is located at 521 - 523 North Riverfront Drive. The current listed sale price for Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront is $735,000. Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront is situated on a lot that is 0.16 acre in size.

Contacts

David Schooff

NAI North Star

Property Details

  • Property Type Retail - Street Retail
  • Property Size 6,952 SF
  • Units 6
  • Lot Size 0.16 Acre
  • Year Built 1896
  • Date Updated Apr 6, 2026
Strategically situated in the heart of Southern Minnesota’s growth corridor, this prime asset offers exceptional visibility and accessibility via regional thoroughfares. Located within the dynamic greater Mankato marketplace, the site benefits from a robust employment base, anchored by key institutions in healthcare, manufacturing, education and agribusiness. It is surrounded by a stable mix of office, industrial, retail and multi-family uses, reflecting strong demand fundamentals for repositioning or expansion. With infrastructure in place and proximity to major transit routes linking to the Twin Cities and the Iowa border, the location presents a compelling value-add opportunity for owners pursuing market entry or redevelopment strategies.Offered for sale through a leading regional advisor, this commercial offering presents an institutional-ready investment or owner-user acquisition. The asset enables capital-efficient entry into a high-growth region, with upside through operational enhancement, leasing convergence or repositioning. Whether structured as a value-add acquisition or a long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy or redevelopment. Leveraging the full-service capabilities of a local brokerage and management platform, the transaction is supported by integrated advisory, market intelligence and asset management services—enabling investors to scale in Southern Minnesota with confidence. Ideal for institutional, private-equity or strategic investors seeking a core-plus, commercial real estate investment ready for turnkey execution.
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Highlights

  • 2 Commercial Spaces - Established Local Brands
  • 4 Residential Units (1:1)
  • Long-Term Stability + Excellent Rental History
  • Mixed-Use Investment
  • Professional Leasing/Management in Place for Passive Investment
  • Seller Financing Potential

Attachments

Getting around

  • 85/100

    Walk Score ®

  • 80/100

    Bike Score ®

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Location

  • City Mankato, MN
  • Zip Code 56001

Points of Interest

  • Cenex

    0.48 miles

  • Circle K

    0.58 miles

  • Hy-Vee Gas

    0.77 miles

  • Speedway

    0.81 miles

  • Kwik Trip

    1.16 miles

  • Casey's General Store

    1.26 miles

  • Happy Dan's Gas Station

    1.68 miles

  • Tesla Destination Charger

    2.03 miles

  • Civic Center Ramp

    0.44 miles

  • Mankato Place Ramp

    0.60 miles

  • Park

    0.64 miles

  • Cherry Street Parking Ramp

    0.66 miles

  • City Center Ramp

    0.72 miles

  • Lot 17

    1.41 miles

  • Lot 18

    1.46 miles

  • Lot 14

    1.48 miles

  • Lot 16

    1.52 miles

  • Lot 15

    1.53 miles

  • Domino's

    0.22 miles

  • Pizza Hut

    0.33 miles

  • Gilberto's Mexican Taco Shop

    0.47 miles

  • Dino's Pizzeria

    0.48 miles

  • American Legion Post 518

    0.51 miles

  • Nakato Bar & Grill

    0.51 miles

  • Spinners Bar & Grill

    0.54 miles

  • Papa Murphy's

    0.72 miles

  • Arby's

    0.75 miles

  • Subway

    0.79 miles

  • Hy-Vee

    0.58 miles

  • Cub Foods

    1.22 miles

  • Madison East Center

    1.33 miles

  • Belle Mar Center

    1.45 miles

  • ALDI

    1.82 miles

  • Raintree Mall

    2.02 miles

  • River Hills Mall

    2.19 miles

  • JCPenney

    2.19 miles

  • River Place

    2.22 miles

  • Target

    2.34 miles

Contact Listing Broker
David Schooff

NAI North Star

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