What is the asking price for 500 South Broad Street?

The lease rate for space here is Contact for pricing.

What is the total size of 500 South Broad Street?

The property has a total square footage of 2,345 SF.

When was this property built?

500 South Broad Street was built in 1973.

How many parking spaces are available at 500 South Broad Street?

Parking information for the property isn't currently listed. However, other nearby parking options include Cherry Street Parking Ramp, located 0.12 miles away , and City Center Ramp, which is 0.18 miles away.

500 S Broad St, Mankato, MN 56001

For Sale $455,000
Property Type Office - General Office
Property Size 2,345 SF
Lot Size 0.11 Acre
# of Floors 1
Year Built 1973
Year Renovated 2022
Date Updated Jun 1, 2026

Description

500 South Broad Street is a three-tenant office and service building totaling 2,345 square feet and currently fully leased. Built in 1973 and renovated in 2022, the property offers stable occupancy and recent building updates including a new furnace and air conditioning system (2022) and a metal roof installed in 2014. The building is well suited for investors seeking an income-producing asset or a future owner-occupant opportunity. The property benefits from a long-term parking arrangement through a City of Mankato approved leasehold agreement on the adjacent parcel. Under this agreement, the owner retains parking privileges while avoiding the cost of ownership for the additional parcels.

Highlights

Adjacent Parking Available
Fully Leased Three-Tenant Investment Property
High-Visibility Corner Location In Downtown Mankato
Located at the corner of South Broad Street and Cherry Street in downtown Mankato, this property sits within a well-established commercial district surrounded by professional offices, financial institutions, retail businesses, churches, and nearby residential neighborhoods. The location provide...