Listed By
Agency Name: Landmark Realtors, LLC
Agency Phone: 507-345-1599
Shown By
Agent Name: Josh Laber
Agent Phone: (507) 316-7873
Agency Title: Counselor Realty
Property Description
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.
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500 S 2nd Street, Mankato, MN 56001
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500 S 2nd Street, Mankato, MN 56001
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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500 S 2nd Street | MLS# 7038261
This commercial property located at 500 S 2nd Street, Mankato, MN 56001 is currently listed for sale with an asking price of $5,750,000. S 2nd Street is located within the Mankato school district. Search Mankato real estate on jlaber.counselorrealtyofrochester.com today.