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$5,750,000
166 Days On Site

500 S 2nd Street
Mankato, MN 56001

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
1950
Built
County:
Blue Earth
Listing courtesy of JONATHAN KIETZER of LANDMARK REAL ESTATE
500 S 2nd Street500 S 2nd Street500 S 2nd Street500 S 2nd Street
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Monthly Payment (Est.)

$26,234
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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 1950. 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, consisting of 8 two bedroom units and 30 one bedroom units, went through a total remodel in 2022 and early 2023. There is ample parking on the property for all residents. Building #2 (121 E Cherry St) is a commercial building consisting of 12,663SF which is leased to Menari Body Works. The elevator is shared with the apartment building and the commercial building. Building #3 (117 E Cherry St) is a two story 2,904 SF brick building that has two apartments that are each 4 bedrooms.

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Listing Snapshot
Price 
$5,750,000
Days On Site 
166 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1950
MLS® Number 
7039815
Status 
Active
Property Tax 
$30,202
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 months agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Heating 
Natural GasSpace Heater
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Exterior Features
Construction Details 
BrickStucco
Community Features
School District 
Mankato #77
Schools
School District
Mankato #77
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of JONATHAN KIETZER of LANDMARK REAL ESTATE



Listing information is provided by Participants of the REALTOR Association of Southern Minnesota MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, REALTOR Association of Southern Minnesota MLS.
Data last updated at: 2026-09-14 04:52 AM UTC

Neighborhood & Commute
Source: Walkscore
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Mon – Fri – 8:00 am – 5:30 pm and by appointment

Sat – By appointment

Sun – Closed

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