235 - 237 Belgrade Avenue, North Mankato, MN 56003

Overview

Description

Premier Mixed-Use Property | Modern Retail Space + Five Luxury ApartmentsDiscover an exceptional opportunity to own an elegant, modern mixed-use property perfectly suited for high-end wellness, boutique retail, or professional services. The main level features a beautifully designed upscale retail suite currently operating as a luxury skin and spa clinic, showcasing contemporary finishes, refined décor, and a tranquil, sophisticated atmosphere. Large display windows and thoughtfully curated lighting create a welcoming street presence ideal for any premium brand. The upper levels include five well-appointed apartments, each offering stylish modern design, open layouts, and abundant natural light. These residences provide stable rental income as well as conveniencefor on-site owners or staff. This property blends aesthetic appeal with practical functionality—perfect for investors, owner-operators, or entrepreneurs seeking a turnkey space in a desirable location. With its elegant desig ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1896
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1896
For Sale or Lease: For Sale
Acres: 0.18
Lot Dimensions: 50.01x155.15
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Professional Service Exterior: Brick/Stone Foundation: Other Fuel: Natural Gas Heating: Forced Air Lock Box Type: None On Site Utilities: Electric Separate Parking Characteristics: Other Rental License Type: Standard Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: All Utilities Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2600000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 235 - 237
Street Name: Belgrade
Street Suffix: Avenue
Postal City: North Mankato
County: Nicollet
State: MN
Zip Code: 56003

Assessments

Assessment Balance: 126
Tax With Assessments: 40918
Assessment Installment: 0

Building Information

Building Finished SqFt: 7846
Building SqFt: 7846

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

Unit Number: 201
Monthly Rent: 1550
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Leased?: Yes
Lease Expiration Date: 2026-06-09
No. of 1 Bedroom Units: 3

Unit 2

No. of 2 Bedroom Units: 2
Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Monthly Rent: 1600
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 202

Unit 3

Full Baths: Yes
Lease Expiration Date: 2026-05-08
Leased?: Yes
Monthly Rent: 1500
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 301

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Monthly Rent: 1550
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 302

Unit 5

Full Baths: Yes
Lease Expiration Date: 2024-10-01
Leased?: Yes
Monthly Rent: 1600
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 237 1/2

Unit 6

Half Baths: 3
Lease Expiration Date: 2026-02-10
Leased?: Yes
Level: Main Level
Monthly Rent: 1500
Total Bathrooms: 3
Total Rooms: 10
Unit Number: 235
Unit Total SqFt: 4196

Unit Details

Total Units: 6

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: BLK 1 & PT BLK 6; E 25' LOT 8 BLK 6; W 25' LOT 7 BLK 6 BLK 1 & PT BLK 6; E 25' LOT 8 BLK 6; W 25' LOT 7 BLK 6 SUBD OF BK 1 & PT BK 6
Listing City: North Mankato
Map Page: 999
Municipality: North Mankato
School District: Mankato
School District Phone: 507-387-1868
Zip Plus 4: 1009
Property ID Number: 188020130
Tax Year: 2025
Tax Amount: 40792
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Premier Mixed-Use Property | Modern Retail Space + Five Luxury ApartmentsDiscover an exceptional opportunity to own an elegant, modern mixed-use property perfectly suited for high-end wellness, boutique retail, or professional services. The main level features a beautifully designed upscale retail suite currently operating as a luxury skin and spa clinic, showcasing contemporary finishes, refined décor, and a tranquil, sophisticated atmosphere. Large display windows and thoughtfully curated lighting create a welcoming street presence ideal for any premium brand. The upper levels include five well-appointed apartments, each offering stylish modern design, open layouts, and abundant natural light. These residences provide stable rental income as well as conveniencefor on-site owners or staff. This property blends aesthetic appeal with practical functionality—perfect for investors, owner-operators, or entrepreneurs seeking a turnkey space in a desirable location. With its elegant design, updated infrastructure, and strong mixed-use potential, this is a rare offering that delivers both luxury and long-term value.
Directions: Range left on Belgrade building on the right.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

None: Yes

Parking Characteristics

Other: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

Tenant Pays

All Utilities: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments and Retail: Yes

Current Use

Professional Service: Yes