500 South Broad Street
500 S Broad Street
Mankato, MN 56001
Highlights
- Fully Leased Three-Tenant Investment Property
- High-Visibility Corner Location In Downtown Mankato
- Adjacent Parking Available
Description
500 South Broad Street is a three-tenant office and service building totaling 2,345 square feet and currently fully leased. Built in 1973 and renovated in 2022, the property offers stable occupancy and recent building updates including a new furnace and air conditioning system (2022) and a metal roof installed in 2014. The building is well suited for investors seeking an income-producing asset or a future owner-occupant opportunity.
The property benefits from a long-term parking arrangement through a City of Mankato approved leasehold agreement on the adjacent parcel. Under this agreement, the owner retains parking privileges while avoiding the cost of ownership for the additional parcels. The seller maintains responsibility for maintenance and snow removal of the parking and storage areas.
Located at the corner of South Broad Street and Cherry Street in downtown Mankato, this property sits within a well-established commercial district surrounded by professional offices, financial institutions, retail businesses, churches, and nearby residential neighborhoods. The location provides strong visibility and convenient access within Mankato’s central business area.
