123 N 4th Street Mankato, MN $ 2,100,000
123 N 4th Street
$ 2,100,000
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123 N 4th Street

Mankato, MN, 56001
$ 2,100,000
Bedrooms-- Baths--

Monthly Estimate*

$ 12,930

123 N 4th Street, Mankato, MN 56001 - Image 1
123 N 4th Street, Mankato, MN 56001 - Image 2
123 N 4th Street, Mankato, MN 56001 - Image 3
123 N 4th Street, Mankato, MN 56001 - Image 4
123 N 4th Street, Mankato, MN 56001 - Image 5
123 N 4th Street, Mankato, MN 56001 - Image 6
123 N 4th Street, Mankato, MN 56001 - Image 7
123 N 4th Street, Mankato, MN 56001 - Image 8

Commercial Property for sale in Mankato, MN

for $2,100,000. This building was built in 1926.

28-unit apartment building investment opportunity! This property features 23 one-bedroom units, 3two-bedroom units, and 2 studio apartments. Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways, on site laundry area, and select units with upgraded kitchen cabinetry and countertops. While many updates have been completed, the property still offers additional renovation opportunities for a new owner to further enhance value and increase rents. With the ability to update remaining units and place your own tenants, this is an ideal opportunity for investors looking to customize management and maximize returns. Located within walking distance to downtown amenities and public transit.

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Commercial Active

Price

$ 2,100,000

Property Type

Commercial

Taxes

$ 24,063

Style

Multi-Family

Year Built

1926

Town/City

Mankato

County/Region

Blue Earth

MLS | Web ID

7039895

Features
General
Heating Boiler
Cooling None
Roof Flat
Water City
Sewer City
Status Active ACTIVE
Year Built 1926
Road Frontage City Street
Subdivision MN
Sale/Rent For Sale
School District Mankato #77
Sale/Lease For Sale
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Exterior
Exterior Brick
Waterfront No
Construction Type Concrete Block
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Interior
Total Number of Units 28
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* Excluded Features
List By
Keller Williams Premier Realty

Broker

swolfe@kw.com

Email

Affordability Calculator

$14,935
Per Month
87%
13%
0%
Monthly Principal & Interest
$12,930
Monthly Property Taxes
$2,005
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1357867 Elementary School
1357964 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$2,100,000 Listed Price

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123 N 4th Street, Mankato, MN, 56001 is a Commercial Property for sale at $2,100,000. 123 N 4th Street was built in 1926. The property's zip code is 56001 which is in Mankato, MN