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Active
$499,000
/mo Edit
Commercial:  2 Stories
Built 1871
0.21 acres
Mankato schools
MLS# 6477838
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    Property Description

    BUILDING AND LAND FOR SALE: Mixed use space with long standing commercial tenant occupying the main floor along with a 3 bedroom apartment on the upper level. New stove and shower in 2024. Property includes a large parking lot on the side and back of the lot which includes 3 reserved spaces for the apartment tenants along with approximately 10 additional open spaces for client and employee parking. Street parking is also available. Roof sealed approximately 2 years ago. Front commercial space has forced air heat, back commercial space and apartments have boiler heat. Boiler serviced annually. Central air in commercial space, window units in apartment. Purchase includes shelving in basement, coolers, and counter in commercial space. Property has current rental license for up to 5 unrelated.

    Listing

    Contingency: None
    City: Mankato
    County: Blue Earth
    State: MN
    Property Style: 2 Stories
    Zip Code: 56001
    Subdivision Name: Auditors 1

    Interior

    Basement Details: Stone/Rock

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 13
    Air Conditioning: Central Air, Window Unit(s)
    Foundation Size: 1,677 ft2
    Foundation Dimensions: 1677
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Forced Air
    Parking Features:
    • Asphalt
    • Open
    • Shared Driveway
    • Unassigned
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Brick/Stone
    Roof Details: Rubber

    Lot & Land

    Acres: 0.21
    Geolocation: 44.161776, -94.006811
    Inclusions: Building, Land, Rental License
    Lot Dimensions: .21 acres
    Zoning: Business/Commercial

    Schools

    School District: 77
    District Phone: 507-387-1868

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $4,055
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $4,124

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Commercial
    • Professional/Office
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of True Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.