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520 S 2nd Street

Mankato, MN 56001
  • $564,900
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 7025043
UPDATED: 56 min ago
$564,900
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1884
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of RE/MAX Results.

Description

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.

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IDX data © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than V&CO | Keller Williams Integrity Edina are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. V&CO | Keller Williams Integrity Edina is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of V&CO | Keller Williams Integrity Edina, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2026-05-09T08:21:49.76.

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520 S 2nd Street Mankato, MN 56001

  • Price: $564,900
  • Status: Active
  • On Site: 74 Days
  • Updated: 56 min ago
  • ID#: 7025043
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1884
Built
Neighborhood:
Auditors 1
County:
Blue Earth
School District:
77 - Mankato
Property Description
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.
Exterior Features

Foundation Area 1000 Garage Square Feet 544 Lot Size Dimensions 66x157.5 Parking Features Attached GaragePaved Lot Road Frontage Type City Street

Interior Features

Amenities Unit Tile Floors Appliances DishwasherDryerGas Water HeaterMicrowaveRangeRefrigeratorStainless Steel AppliancesWasher Basement Unfinished Cooling Central Air Heating BaseboardForced Air

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending No Contingency None Current Use Residential Electric Expense 8060 Foreclosure Status No Fractional Ownership YN No Fuel ElectricNatural Gas Fuel Expense 1200 Gross Income 71520 Inclusions BuildingLandRental License Insurance Expense 2100 Land Lease YN No Lender Owned No Manager Expense 3000 Net Operating Income 44894 New Construction YN No Operating Expense 21050 Owner Pays ElectricityHeatHot WaterInsuranceGrounds CareRepairsSnow RemovalTaxesTrash CollectionWater Postal City Mankato Potential Short Sale No Power Company Name Xcel Energy Present Use Yearly Rental License Type Standard Rental License YN Yes Sewer City Sewer/Connected Tax Annual Amount 5410 Tax With Assessments 5410 Tax Year 2025 Tenant Pays BroadbandCable TVTelephone Trash Expense 0 Utilities Electric SeparateHeating SeparateHot Water Common Water Sewer Expense 1800 Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of RE/MAX Results: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than V&CO | Keller Williams Integrity Edina are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. V&CO | Keller Williams Integrity Edina is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of V&CO | Keller Williams Integrity Edina, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2026-05-09T08:21:49.76.

Click here for Digital Millennium Copyright Act
 
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V&CO | Keller Williams Integrity Edina
7401 Metro Blvd. #350
Edina MN, 55439
NorthstarMLS] logo Listing courtesy of RE/MAX Results.