Property for Sale in Mankato
500 S 2nd Street
Mankato, MN 56001
Property Details
Year Built
1950
Parking Features
Parking Lot
Zoning
Business/Commercial
2026 Property Taxes
$30,202
School District
Mankato
County
Blue Earth
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. There is ample parking on the property for all residents. Building #2 (121 E Cherry St) is a commercial building consisting of 12,663SF which is leased to Menari Body Works. The elevator is shared with the apartment building and the commercial building. Building #3 (117 E Cherry St) is a two story 2,904 SF brick building that has two apartments that are each 4 bedrooms.
From HWY 14, head south on South on Riverfront Dr. Continue until you reach the intersection of Riverfront and W Cherry St. Turn left onto Cherry St. Then turn right onto S 2nd St. Property is on the right.
Features
Utilities
Electric Separate
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Foundation
Raised
Additional Info
Listed By
Jonathan Kietzer of Landmark Realtors, LLC
Listed
03/17/26 and last updated 04/21/26
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