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Listing Details
- $5,750,000
- MLS# 7038261
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Landmark Realtors, LLC
Agency Phone: 507-345-1599
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
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. The occupancy rate is currently at 100%. There is ample parking on the property for all residents.Building #2 (121 E Cherry St) is a commercial building consisting of 12,663SF...read more
Features
- Heating: Forced Air
- Taxes: $30,202
- Water: City Water/Connected
- Year Built: 1950
Gallery
Listed By
Agency Name: Landmark Realtors, LLC
Agency Phone: 507-345-1599
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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