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. 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.
Property Features
Property Type: Commercial - Business
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.40 Acres
Taxes: $30,202
Year Built: 1950
Feature Descriptions
Current Use: Residential
Days on Site: 224
Foundation Size: 16848
Handicap Accessible: Accessible Elevator Installed
Lot Dimensions: 112x157x112x157
Parcel#: R010918106025
Parking: Parking Lot
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 40
Utilities: Electric Separate
Water: City Water/Connected
Local Schools
School District: Mankato
Listed By / Shown By
Listed By
Agency Name: Landmark Realtors, LLC
Agency Phone: 507-345-1599
Shown By
Agent Name: Your Realtor Blake
Agent Phone: Cell: (612) 503-4981
Agency Title: Counselor Realty
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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 bwallace.counselorrealty.com today.