Le Center 1031 Exchange Properties For Sale

Commercial Real Estate in Le Center available for sale

1031 Exchange Properties for Sale within 50 kilometers of Le Center, MN, USA

520 S 2nd St

Mankato, MN 56001

1031 Exchange Property
Multifamily for Sale
$786,171 CAD
3,833 SF

Mankato Multifamily for Sale - Downtown Mankato

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.

Contact:

Kevin Goettl

Property Subtype:

Multi Family

Date on Market:

2026-03-03

Hide

More details for 122 S Minnesota Ave, Saint Peter, MN - Multifamily for Sale

Nicollet Hotel - 122 S Minnesota Ave

Saint Peter, MN 56082

1031 Exchange Property
Multifamily for Sale
$3,131,325 CAD
24,000 SF

Air Conditioning
Sprinkler System
24 Hour Access
Smoke Detector

Saint Peter Multifamily for Sale

THIS IS A ONCE IN A LIFE-TIME OPPORTUNITY TO ACQUIRE A DOWNTOWN SAINT PETER ICONIC MIXED-USE BUILDING! ORIGINALLY CONSTRUCTED IN 1872 AS THE TOWNS MAIN HOTEL HANGOUT, THIS PROPERTY HAS SINCE BEEN CONVERTED INTO MAIN FLOOR AND LOWER LEVEL COMMERCIAL SPACES, 3-STORY ROW HOUSES, AND SECOND & THIRD FLOOR APARTMENTS. THE TOTAL GROSS BUILDING SQUARE FOOTAGE IS JUST OVER 24,000+. AFTER THE DEVASTATING 1998 TORNADO, A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. THE 2ND & 3RD FLOOR APARTMENTS FEATURE TALL CEILING HEIGHTS AND UPDATED KITCHENS & BATHROOMS. IN THE BACK OF THE PROPERTY THERE ARE FOUR ROW HOUSES EACH WITH UNIQUE LAYOUTS AND SOME WITH THREE STORIES. TWO OF THESE ROW-HOUSES ARE 1BD, 1BA AND THE OTHER TWO ARE 2BD + DEN, 1BA. YOU WILL DEFINITELY WANT TO TOUR THIS BUILDING!! PRO-FORMA NOI $193,415 / CAP RATE 8.60 %

Contact:

Apartment Cash Flow, Inc

Property Subtype:

Apartment

Date on Market:

2025-11-30

Hide

1031 Exchange Properties For Sale

1031 Exchange Properties

Looking to lease a 1031 Exchange Property? View 1031 Exchange Properties for lease