Mixed-Use Investment Property for Sale in Mankato, MN

This listing presents a mixed-use investment property located in Mankato, MN. The property comprises 23 residential apartment units and 6 commercial retail units, offering a diversified income stream. The current occupancy for apartments is 97%, with projected gross rent of $40,360 per month, and for commercial units is 81.5%, with projected base rent of $17,419 per month. The 2025 budget projections indicate a Gross Revenue of $821,311 and a Net Operating Income (NOI) of $460,774. The property management contract is set to expire on December 31, 2025, requiring the buyer to manage or secure a new contract. This is an established, operational property with strong financial performance and future potential.