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*

$ 14,504

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 on a lot size of 0.24.

28-unit apartment building investment opportunity! This property features 19 one-bedroom units, 3 two-bedroom units, and 6 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 Contingent

Price

$ 2,100,000

Property Type

Commercial

Taxes

$ 24,063

Style

Lot Size

0.24

Year Built

1926

Town/City

Mankato

County/Region

Blue Earth

MLS | Web ID

7049981

Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Separate
Garage Spaces 0
Year Built 1926
Levels Three Or More
Tax Year 2026
Current Use Residential
Accessibility None
County Blue Earth
New Construction N
Property Type Commercial Sale
Contingency Other
Subdivision Name Mankato
Directions Madison Ave to N Fourth Street Apartment complex on the left.
City Mankato
High School District Mankato
Zoning Description Residential-Multi-Family
Number Of Units Total 28
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 24063.12
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.24
Lot Dimensions 158x67
Waterfront Y/N N
Foundation Area 5412
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Interior
Basement (Y/N) N
Fuel Natural Gas
Garage Square Feet 0
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Internal Only
Street Number 1 123
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* Excluded Features
List By
Keller Williams Premier Realty

Broker

swolfe@kw.com

Email

Affordability Calculator

$16,509
Per Month
88%
12%
0%
Monthly Principal & Interest
$14,504
Monthly Property Taxes
$2,005
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
708596 Elementary School
708778 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$2,100,000 Listed Price

Map


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123 N 4th Street, Mankato, MN, 56001 is a Commercial Property for sale at $2,100,000 with a lot size of 0.24. 123 N 4th Street was built in 1926. The property's zip code is 56001 which is in Mankato, MN