520 S 2nd Street Mankato, MN 56001

$564,900
Active
 |  MLS # 7025043
Active
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About The Listing

LOCATED IN AN OPPORTUNITY ZONE. This investment property has four streams of income. There is a main level five bedroom, three bath apartment. There is an upper level four bedroom one bath apartment. Both apartments include a washer/dryer. There is off street parking for tenants and guests. There are six rented parking stalls adding extra income. The double garage is also rented separately. The interior finishes include marble, tile, granite, and stainless steel appliances. There is a private 19x17 patio on the south side of the property. This is located on the city bus route and walkable to everything downtown. It's about a half mile to Minnesota State University Mankato campus and has been traditionally occupied by students. The zoning is CBDF, Central Business District Fringe. The garage is a possible office conversion.


Listing courtesy of Kevin Goettl, RE/MAX Results
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1884
MLS #: 7025043
Garage Spaces: 2
Parking Description: Attached Garage, Paved Lot
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Baseboard, Forced Air
Basement: Unfinished
Days On Market (Continuous): 3
Disability Features: None
Latest Update: 02/24/2026
List Date: 02/23/2026
Listing Agent ID: 503000228
Listing Office: RE/MAX Results
Listing Office ID: 4014
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Lot Dimensions: 66x157.5
Lot Size: 0.239 Acres
School District: Mankato
Tax Year: 2025
Estimated Taxes: $5,410
Contingency Type: None
City: Mankato
Zip: 56001
County: Blue Earth
Subdivision: Auditors 1
State: MN
Listing last updated: 02/24/26

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