500 S 2nd St

500 S 2nd St, Mankato, MN 56001

  • For Sale $6,550,000
  • Property Type Office - General Office
  • Property Size 44,076 SF
  • Units 40
  • Lot Size 0.4 Acre
  • Building Class A
  • Year Built 1950
  • Date Updated Jan 16, 2025
Located in downtown Mankato on the corner of 2nd St. and Cherry St.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 1963. 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 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 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. The apartments consist of 8two bedroom units and 30 one bedroom units. Building #3 is a two story 2,904 SF brick building that has two apartments that are each 4 bedroom.
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Contacts

broker
Jon Kietzer

Landmark Real Estate

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Mankato, MN
  • Zip Code 56001

Points of Interest

  • Hy-Vee Gas

    0.19 miles

  • Kwik Trip

    0.49 miles

  • Cenex

    0.54 miles

  • Speedway

    1.25 miles

  • Circle K

    1.29 miles

  • Happy Dan's Gas Station

    1.72 miles

  • Casey's General Store

    1.97 miles

  • Tesla Destination Charger

    2.52 miles

  • Cherry Street Parking Ramp

    0.07 miles

  • City Center Ramp

    0.11 miles

  • Mankato Place Ramp

    0.17 miles

  • Civic Center Ramp

    0.29 miles

  • Park

    0.77 miles

  • Lot 17

    0.80 miles

  • Lot 14

    0.88 miles

  • Lot 18

    0.88 miles

  • Lot 15

    0.96 miles

  • Lot 16

    0.98 miles

  • Hilton Garden Inn Mankato Downtown

    0.21 miles

  • Mankato City Center Hotel

    0.33 miles

  • Norwood Inn

    1.32 miles

  • AmericInn

    1.39 miles

  • Coratel Inn & Suites

    1.71 miles

  • Days Inn

    1.77 miles

  • Riverside Suites

    1.87 miles

  • River Hill Motel

    2.33 miles

  • Comfort Inn & Suites

    2.52 miles

  • Courtyard Mankato

    2.55 miles

  • Papa Murphy's

    0.16 miles

  • Arby's

    0.18 miles

  • Subway

    0.29 miles

  • Little Caesars

    0.47 miles

  • Dino's Pizzeria

    0.49 miles

  • Nakato Bar & Grill

    0.50 miles

  • Dairy Queen

    0.51 miles

  • Spinners Bar & Grill

    0.52 miles

  • American Legion Post 518

    0.54 miles

  • Burger King

    0.65 miles

  • Mankato West High School

    0.64 miles

  • Jefferson Elementary School

    0.68 miles

  • Franklin Elementary School

    1.13 miles

  • Washington Elementary School

    1.22 miles

  • Mount Olive Lutheran School

    1.26 miles

  • Minnesota State University, Mankato

    1.40 miles

  • Rasmussen University

    1.77 miles

  • Loyola Catholic School

    2.03 miles

  • Rosa Parks Elementary School

    2.16 miles

  • South Central College - North Campus

    2.23 miles

  • Trinity Christian Day-Care

    1.34 miles

  • Lil Bee's Learning Center

    2.31 miles

  • Peter Pan Preschool and Childcare

    3.24 miles

Frequently Asked Questions

How much does 500 S 2nd St cost?

The space currently listed for sale at 500 S 2nd St asks for $6,550,000.

What is the total square footage of 500 S 2nd St?

500 S 2nd St totals 44,076 square feet.

When was this property built?

500 S 2nd St was built in 1950.

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Contact Listing Broker
broker
Jon Kietzer

Landmark Real Estate

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