Property Attributes
- ID#7034030
- TypeCommercial
- CountyBLUE EARTH
- CityMankato
- AreaMANKATO CENTRAL
- Zip56001
- StyleCommercial
- Year Built1962
- Taxes$ 34724
- Price$ 6,975,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
REALTOR® Association of Southern Minnesota (RASM)
Property 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 1963. 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 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 is a commercial building consisting of 12,663 SF which is leased to Menari Body Works. The elevator is shared with the apartment building and the commercial building. The apartments consist of 8 two bedroom units and 30 one bedroom units. Building #3 is a two story 2,904 SF brick building that has two apartments that are each 4 bedrooms. Broker is owner
Price History | |
---|---|
1/2/2024 | Listed $6,975,000 |
General Features
Heating | Forced Air |
---|---|
Water | City |
Sewer | City |
Status | Active |
Year Built | 1962 |
Status | ACTIVE |
Subdivision | MN |
Sale/Rent | For Sale |
School District | Mankato #77 |
Sale/Lease | For Sale |
Buyer Agency Compensation | Percent |
Interior Features
Total Number of Units | 40 |
---|---|
Bonus Room | No |
Exterior Features
Exterior | Brick |
---|---|
Waterfront | No |
Construction Type | Concrete Block |
Foundation Size | 44076 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool