500 S 2nd Street Mankato, MN 56001

$5,750,000
Active
 |  MLS # 7038261
Active
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About The Listing

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.


Listing courtesy of Jonathan Kietzer, Landmark Realtors, LLC
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1950
MLS #: 7038261
Garage Spaces: 0
Parking Description: Parking Lot
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Forced Air
Foundation Type: Raised
Days On Market (Continuous): 14
Disability Features: Accessible Elevator Installed
Latest Update: 05/27/2026
List Date: 03/31/2026
Listing Agent ID: 503001069
Listing Office: Landmark Realtors, LLC
Listing Office ID: 25854
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Exterior Features: Stone
Lot Dimensions: 112x157x112x157
Lot Size: 0.396 Acres
School District: Mankato
Tax Year: 2026
Estimated Taxes: $30,202
Contingency Type: None
City: Mankato
Zip: 56001
County: Blue Earth
Subdivision: Mankato
State: MN
Listing last updated: 05/27/26

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