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About This Home
This 0-bedroom, 0-bathroom commercial at 500 S 2nd Street in Mankato, MN is listed for $5,750,000. Built in 1950, on a N/A lot.
Cherry Square is an apartment complex on the corner of 2nd St. and Cherry St. formerly known as the Inn Towne Motel in the downtown Mankato bar district. It was built in 1950. This 38 unit- 3 story complex is built of pre-stressed concrete and brick. Parking is on the main level under the square shaped building which is elevated on columns.
The apartments, consisting of 8 two bedroom units and 30 one bedroom units, went through a total remodel in 2022 and early 2023. The occupancy rate is currently at 100%. There is ample parking on the property for all residents. Building #2 (121 E Cherry St) is a commercial building consisting of 12,663SF which is leased to Menari Body Works.
The elevator is shared with the apartment building and the commercial building. Building #3 (117 E Cherry St) is a two story 2,904 SF brick building that has two apartments that are each 4 bedrooms.
Key Features
- Built in 1950
Property Details
Monthly Cost Estimate
$30,752/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
500 S 2nd Street
Mankato, MN 56001
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 500 S 2nd Street is listed at $5,750,000. The estimated monthly payment is $24,917 based on 20% down at 6.5% interest.
Key features include: Built in 1950.
This property is listed by JONATHAN KIETZER and can be reached at 5073451599 or jon@landmarkminnesota.com.