Riverfront Drive Mixed-Use Investment - 329 N.

For Sale

329 N Riverfront Dr, Mankato, MN 56001

This Mankato property for sale is located at 329 N Riverfront Dr. The current listed sale price for Riverfront Drive Mixed-Use Investment - 329 N. is $489,000. Riverfront Drive Mixed-Use Investment - 329 N. is situated on a lot that is 0.06 acre in size.

Contacts

Cate DeBates

NAI North Star

Property Details

  • Property Type Retail - Street Retail
  • Property Size 3,168 SF
  • Units 3
  • Lot Size 0.06 Acre
  • Year Built 1891
  • Date Updated Jun 26, 2026
Situated in the heart of the city’s central business district, this property occupies a commanding position amidst the downtown skyline—within close proximity to municipal offices, urban amenities and key transit routes. The location benefits from foot traffic, restaurant-retail synergies and stable daytime workforce population, all set within a revitalizing urban setting. With strong municipal support for core development and established infrastructure, this address provides both prestige and operational convenience for tenants or investors aiming to anchor their operations in the region’s primary urban hub.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.
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Highlights

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

Attachments

Getting around

  • 87/100

    Walk Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Mankato, MN
  • Zip Code 56001

Points of Interest

  • Cenex

    0.39 miles

  • Hy-Vee Gas

    0.63 miles

  • Circle K

    0.72 miles

  • Speedway

    0.85 miles

  • Kwik Trip

    1.02 miles

  • Casey's General Store

    1.40 miles

  • Happy Dan's Gas Station

    1.68 miles

  • Tesla Destination Charger

    2.13 miles

  • Civic Center Ramp

    0.30 miles

  • Mankato Place Ramp

    0.45 miles

  • Cherry Street Parking Ramp

    0.51 miles

  • City Center Ramp

    0.58 miles

  • Park

    0.59 miles

  • Lot 17

    1.28 miles

  • Lot 18

    1.34 miles

  • Lot 14

    1.36 miles

  • Lot 16

    1.40 miles

  • Lot 15

    1.42 miles

  • Domino's

    0.36 miles

  • Dino's Pizzeria

    0.38 miles

  • Nakato Bar & Grill

    0.41 miles

  • American Legion Post 518

    0.42 miles

  • Spinners Bar & Grill

    0.44 miles

  • Pizza Hut

    0.47 miles

  • Gilberto's Mexican Taco Shop

    0.56 miles

  • Papa Murphy's

    0.58 miles

  • Arby's

    0.61 miles

  • Subway

    0.79 miles

  • Hy-Vee

    0.44 miles

  • Cub Foods

    1.08 miles

  • Madison East Center

    1.40 miles

  • Belle Mar Center

    1.50 miles

  • ALDI

    1.88 miles

  • Raintree Mall

    2.10 miles

  • JCPenney

    2.29 miles

  • River Hills Mall

    2.29 miles

  • River Place

    2.30 miles

  • Target

    2.43 miles

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