235 - 237 Belgrade Avenue, North Mankato, MN 56003

$2,600,000

all_floors_235_belgrade_avenue_201_north_mankato_with_dim.jpg

Property Type: Commercial Bedrooms: 7 Baths: 8 Square Footage: 7,846 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $2,600,000 List Date: 12/15/2025 Last Modified: 9/09/2026

Overview

Description

Premier Mixed-Use Property | Modern Retail Space + Five Luxury ApartmentsDiscover an exceptional opportunity to own an elegant, modern mixed-use property perfectly suited for high-end wellness, boutique retail, or professional services. The main level features a beautifully designed upscale retail suite currently operating as a luxury skin and spa clinic, showcasing contemporary finishes, refined décor, and a tranquil, sophisticated atmosphere. Large display windows and thoughtfully curated lighting create a welcoming street presence ideal for any premium brand. The upper levels include five well-appointed apartments, each offering stylish modern design, open layouts, and abundant natural light. These residences provide stable rental income as well as conveniencefor on-site owners or staff. This property blends aesthetic appeal with practical functionality—perfect for investors, owner-operators, or entrepreneurs seeking a turnkey space in a desirable location. With its elegant desig ... (Read more)

Listing Details MLS# 7000269

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1896
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1896
For Sale or Lease: For Sale
Acres: 0.18
Lot Dimensions: 50.01x155.15
Assessment Pending: Yes

Property Features

Accessible: None Air Conditioning: Central Air CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Professional Service Exterior: Brick/Stone Foundation: Other Fuel: Natural Gas Heating: Forced Air Lock Box Type: None On Site Utilities: Electric Separate Parking Characteristics: Other Rental License Type: Standard Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: All Utilities Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2600000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 235 - 237
Street Name: Belgrade
Street Suffix: Avenue
Postal City: North Mankato
County: Nicollet
State: MN
Zip Code: 56003

Assessments

Assessment Balance: 126
Tax With Assessments: 40918

Building Information

Building Finished SqFt: 7846
Building SqFt: 7846

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

Unit Number: 201
Monthly Rent: 1550
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Leased?: Yes
Lease Expiration Date: 2026-06-09
No. of 1 Bedroom Units: 3

Unit 2

No. of 2 Bedroom Units: 2
Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Monthly Rent: 1600
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 202

Unit 3

Full Baths: Yes
Lease Expiration Date: 2026-05-08
Leased?: Yes
Monthly Rent: 1500
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 301

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Monthly Rent: 1550
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 302

Unit 5

Full Baths: Yes
Lease Expiration Date: 2024-10-01
Leased?: Yes
Monthly Rent: 1600
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 237 1/2

Unit 6

Half Baths: 3
Lease Expiration Date: 2026-02-10
Leased?: Yes
Level: Main Level
Monthly Rent: 1500
Total Bathrooms: 3
Total Rooms: 10
Unit Number: 235
Unit Total SqFt: 4196

Unit Details

Total Units: 6

Listing Office: Keller Williams Premier Realty

Last Updated: September - 09 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

235 – 237 Belgrade Avenue, North Mankato, MN 56003 (MLS# 7000269)