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329 N Riverfront Dr 3,168 SF 100% Leased Retail Building Mankato, MN 56001 $682,253 CAD ($215.36 CAD/SF)
Investment Highlights
- 100% Occupancy with long rental history
- New Roof (2020)
- $150,000+ interior improvements in last 10 years
- 3-Unit Property
- New Air Conditioner + Drainage Pipe Lining
Executive Summary
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).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,168 SF
Building Class
B
Year Built/Renovated
1891/2020
Price
$682,253 CAD
Price Per SF
$215.36 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.06 AC
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R01-09-07-378-001 | Improvements Assessment | $601,611 CAD |
| Land Assessment | $24,799 CAD | Total Assessment | $626,409 CAD |
Property Taxes
Parcel Number
R01-09-07-378-001
Land Assessment
$24,799 CAD
Improvements Assessment
$601,611 CAD
Total Assessment
$626,409 CAD
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329 N Riverfront Dr
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