327 N Riverfront Drive

327 N Riverfront Drive, Mankato, MN 56001

Property Information

  • For Sale $499,000
  • Property Type Office - General Office
  • Property Size 2,640 SF
  • Units 2
  • Building Class B
  • Year Built 1871
  • Year Renovated 2022
  • Date Updated May 19, 2026

Description

Located in Downtown Mankato’s historic Old Town district, 327 N Riverfront Drive offers outstanding storefront visibility along a highly trafficked commercial corridor. Ideal for retail, office, or service users, the property benefits from strong pedestrian activity, excellent street exposure, and proximity to restaurants, boutiques, entertainment, and professional services. Convenient access to the nearby 300 Block public parking ramp provides easy parking for employees and customers. With quick connectivity to Highway 169 and the Greater Mankato market, this sale or lease opportunity delivers premier downtown positioning in one of Southern Minnesota’s most active business districts.327 N Riverfront Drive presents a rare mixed-use owner-user and investment opportunity in Downtown Mankato’s historic Old Town district. The property features a professionally renovated commercial space with excellent storefront visibility and an upper-level apartment with a separate entrance, providing additional income potential. The office as-s has four private offices and a large reception area off the back parking lot. Significant capital improvements include a new roof completed in 2024 and a full interior and exterior commercial renovation in 2010 totaling more than $200,000. The apartment unit is fully leased beginning July 1, 2026, creating immediate supplemental cash flow for investors or owner-occupants. Ideal for retail, office, or service users seeking to combine business operations with long-term investment value in a high-visibility downtown location.Position your business in the heart of Downtown Mankato’s historic Old Town district at 327 N Riverfront Drive. This highly visible commercial lease opportunity offers exceptional storefront exposure along one of Mankato’s busiest downtown corridors, ideal for retail, office, showroom, or service-oriented users seeking strong customer visibility and walkable accessibility. The property features a professionally renovated interior and exterior with more than $200,000 in improvements completed in 2010, plus a brand-new roof installed in 2024. Surrounded by restaurants, boutiques, entertainment venues, and professional offices, the location benefits from consistent pedestrian activity and strong downtown traffic counts. Convenient access to the nearby 300 Block public parking ramp provides ample parking for employees and customers, while quick connectivity to Highway 169 supports easy access throughout the Greater Mankato market. This lease opportunity combines modern updates, historic downtown character, and premier visibility in one of Southern Minnesota’s most active commercial districts.

Highlights

  • Exceptional Updates and Finishes Throughout
  • Fully Leased Apartment
  • New Roof (2024)
  • Owner-User Investment Opportunity

Contacts

Cate DeBates

NAI North Star

Location

Contact Listing Broker
Cate DeBates

NAI North Star

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