235 - 237 Belgrade Avenue, North Mankato, MN 56003
$2,600,000
Property Type:
Commercial
Bedrooms:
7
Baths:
8
Lot Size (sq. ft.):
7,841
Status:
Active
Current Price:
$2,600,000
List Date:
12/15/2025
Last Modified:
6/12/2026
Listing Details MLS# 7000269
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 6
- Owner Occupied
- Yes
- Waterfront YN
- 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
- Assessment Pending
- Yes
- 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
Listing Office:
Keller Williams Premier Realty
Last Updated: June - 12 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker
Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal.
©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.