# 123 N 4th Street, Mankato, MN 56001

> **TL;DR:** commercial, $2,100,000, built 1926. Est. $9,100/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,100,000 |
| Year Built | 1926 |
| Lot Size | 10,454 sqft (0.24 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,100 |
| **Total** | **$9,100** |

## Property Highlights

- Built in 1926
- 0.24 acre lot

## Description

### Agent Description
28-unit apartment building investment opportunity! This property features 23 one-bedroom units, 3 two-bedroom units, and 2 studio apartments. Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways, on site laundry area, and select units with upgraded kitchen cabinetry and countertops. While many updates have been completed, the property still offers additional renovation opportunities for a new owner to further enhance value and increase rents. With the ability to update remaining units and place your own tenants, this is an ideal opportunity for investors looking to customize management and maximize returns. Located within walking distance to downtown amenities and public transit.

## Location

- **Address:** 123 N 4th Street, Mankato, MN 56001
- **County:** Blue Earth
- **Coordinates:** 44.165955, -93.997764
- **Google Maps:** https://www.google.com/maps?q=44.165955,-93.997764

## Listing Agent

- **Name:** Shawna L. Wolfe
- **Brokerage:** Keller Williams Premier Realty
- **Phone:** 5074201877
- **Email:** swolfe@kw.com

## Primary Photo

![123 N 4th Street - Primary Photo](http://lh.rdcpix.com/a51ee0b882bdcded6c31a0b4a5bc8165l-f2624157539r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/123-n-4th-street-mankato-mn-56001-7049981)*

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**MLS#:** 7049981 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/123-n-4th-street-mankato-mn-56001-7049981)

---

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