624 S Front Street, Mankato, MN 56001
MLS# 5715694
$424,900
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Property Description
Commercial mixed use building on the fringe of Mankato's revitalized downtown. This solid two story brick building offers a mix of apartments, office and retail space. The main level includes a small office, a spa and a one bedroom handicap apartment with a heated sidewalk. There are two apartments on the second floor with an exterior stairwell and shared deck. Plenty of off street parking for tenants and visitors.
Summary
| Accessibility Features: Doors 36in+; Fully Wheelchair; Grab Bars In Bathroom; Lowered Switches/Controls; No Stairs Internal; Reduced Height Cabinets; Reduced Height Counters; Roll Under Accessibility | Cooling: Central |
| Kitchen Appliances: Dishwasher; Disposal; Dryer; Electric Water Heater; Exhaust Fan/Hood; Range; Refrigerator; Washer | Fencing: Chain Link; Wood |
| Buyer Financing: Cash | Heating: Baseboard; Forced Air |
| Lock Box Type: None | Lot Features: Irregular Lot; Public Transit (w/in 6 blks); Tree Coverage - Light; Zero Lot Line |
| Lot Dimensions: 44x190x52x190 | Map Coordinate Source: King's Street Atlas |
| Owner Pays: Insurance; Maintenance/Repair; Snow Removal; Taxes; Trash Collection | Road Frontage Type: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights |
| Road Responsibility: Public Maintained Road | Sewer: City Sewer/Connected |
| Levels: Two | Water Source: City Water/Connected |
| Window Features: Aluminum Frames; Blinds; Display Window(s); Double Pane Windows; ENERGY STAR Qualified Windows; Insulated Windows | Zoning: Business/Commercial |
| Legal Description: AUDITORS PLAT 17 REARRANGEMENTAUDITORS PLAT 5 LOTS 5 & 6 & VAC ALLEY ADJ 005 000 00 | Roof: Flat |
| Parking Features: Driveway - Asphalt; Paved Lot; Unassigned; Uncovered/Open | Tax With Assessments: 5412 |
| Assessment Balance: 1560 | Year Built: 1921 |
| Directions: Warren to Front S to Property | Property ID Number: R010918151016 |
| Acres: 0.21 | Lot Size SqFt: 9147.6 |
| Closed Timestamp: 2021-05-18T15:17:01Z | Original On Market Timestamp: 2021-03-01T15:47:45Z |
| Total Bathrooms Source: MLS | Status: Closed |
| Contingency: None | Contingency: None |
| Property Type: Commercial | County: Blue Earth |
| ListPrice: 424900 | Complex/Dev/Subdivision: Auditors 17 27-106-28 |
| Closed Date: 2021-05-14 | Off Market Date: 2021-03-01 |
| Off Market Date: 2021-03-01 | List Date: 2021-03-01 |
| Sales Close Price: 410000 | On-Market Date: 2021-03-01T15:47:45Z |
| Original List Price: 424900 | Off Market Date: 2021-03-01 |
| On-Market Contract Date: 2021-03-01 | Current Price: 410000 |
| Annual Gross Income: 49500 | Annual Maintenance Expense: 2006 |
| Tenant Pays: Electricity; Fuel | Utilities: Electric Separate; Heating Separate; Hot Water Common |
| Current Use: Office; Professional Service; Residential | Sale Includes: Building,Land,Leases,Rental License |
| List Agent Full Name: Kevin Goettl | List Office Mls Id: 4014 |
| Buyer Office MlsId: 4014 | List Agent Mls Id: 503000228 |
| Buyer Agent MlsId: 503000228 | List Agent Originating System Mls ID: 503000228 |
| Buyer Agent Originating System Mls ID: 503000228 | List Office Originating System Mls ID: 4014 |
| Buyer Office Originating System Mls ID: 4014 | List Agent Association: MAAR |
| Buyer Agent Association: MAAR | IDX Participant: Yes |
| Photos Count: 6 | Lot Size Area: 0.21 |
| Lot Size Units: Acres | Current Price: 410000 |
| Unparsed First Line Address: 624 S Front Street | Source System ID: FLEXMLS_NSTAR |
| Originating System ID: FLEXMLS_NSTAR | Property Type: Commercial |
| Originating System Listing ID: 5715694 | : The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. |
| List AOR: MAAR | Cooling: Yes |
| Heating: Yes | Last Modified: 2021-05-18T15:31:06Z |
None
| Allow Auto Valuation: Yes | Allow Consumer Comment: No |
| MLSID: RMLS |
Contract Information
| Availability: Unavailable | Owner is an Agent?: No |
| Auction?: No |
Office/Member Info
| Association: MAAR |
General Property Information
| Lot Measurement: Acres | Multiple PIDs?: No |
| Other Parking Spaces: 16 | Owner Occupied: No |
| Waterfront Present: No | Year Built: 1921 |
| Yearly/Seasonal: Yearly | Zoning: Business/Commercial |
| Lot Dimensions: 44x190x52x190 | Acres: 0.21 |
| Foundation Size: 1800 | Power Company: Xcel Energy |
| For Sale or Lease: For Sale | Assessment Pending: No |
Location, Tax and Other Information
| Legal Description: AUDITORS PLAT 17 REARRANGEMENTAUDITORS PLAT 5 LOTS 5 & 6 & VAC ALLEY ADJ 005 000 00 | Map Page: 999 |
| Rental License?: Yes | School District Phone: 507-387-1868 |
| Map Coordinate Source: King's Street Atlas | Zip Plus 4: 3839 |
| Property ID Number: R010918151016 | Tax Year: 2020 |
| Tax Amount: 4783 | In Foreclosure?: No |
| Potential Short Sale?: No | Lender Owned?: No |
Directions & Remarks
| Public Remarks: Commercial mixed use building on the fringe of Mankato's revitalized downtown. This solid two story brick building offers a mix of apartments, office and retail space. The main level includes a small office, a spa and a one bedroom handicap apartment with a heated sidewalk. There are two apartments on the second floor with an exterior stairwell and shared deck. Plenty of off street parking for tenants and visitors. | Directions: Warren to Front S to Property |
Assessments
| Assessment Balance: 1560 | Tax With Assessments: 5412 |
Basement
| Foundation Dimensions: 36x50 |
Building Information
| Building Finished SqFt: 3768 | Building SqFt: 5568 |
| Ceiling Height: Less Than 8 Feet |
Green Verification
| Green Certification: No |
Miscellaneous Information
| FIPS Code: 27013 | Homestead: No |
Sale Options
| Sale Includes: Building,Land,Leases,Rental License |
Unit Details
| Total Units: 5 |
Income and Expenses
| Annual Gross Income: 49500 | Annual Maintenance Expense: 2006 |
| Annual Repair Expense: 1890 |
Property Features
| Accessible: Doors 36in+; Fully Wheelchair; Grab Bars In Bathroom; Lowered Switches/Controls; No Stairs Internal; Reduced Height Cabinets; Reduced Height Counters; Roll Under Accessibility |
| Air Conditioning: Central |
| Amenities Shared: Deck |
| Amenities Unit: Cable; Ceiling Fan(s); Multiple Phone Lines; Panoramic View; Patio; Washer/Dryer Hookup |
| Appliances: Dishwasher; Disposal; Dryer; Electric Water Heater; Exhaust Fan/Hood; Range; Refrigerator; Washer |
| Basement: Full; Posts; Stone; Unfinished |
| Construction Status: Previously Owned |
| Exterior: Brick/Stone; Metal; Stucco |
| Fencing: Chain Link; Wood |
| Financing Terms: Cash |
| Fuel: Electric; Natural Gas |
| Heating: Baseboard; Forced Air |
| Internet Options: Cable; DSL |
| Lock Box Type: None |
| Lot Description: Irregular Lot; Public Transit (w/in 6 blks); Tree Coverage - Light; Zero Lot Line |
| Owner Pays: Insurance; Maintenance/Repair; Snow Removal; Taxes; Trash Collection |
| Parking Characteristics: Driveway - Asphalt; Paved Lot; Unassigned; Uncovered/Open |
| Rental License Type: Standard |
| Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights |
| Road Responsibility: Public Maintained Road |
| Roof: Flat |
| Sewer: City Sewer/Connected |
| Stories: Two |
| Water: City Water/Connected |
| Window Features: Aluminum Frames; Blinds; Display Window(s); Double Pane Windows; ENERGY STAR Qualified Windows; Insulated Windows |
| No. of Ranges: Three |
| No. of Refrigerators: Three |
| Tenant Pays: Electricity; Fuel |
| On Site Utilities: Electric Separate; Heating Separate; Hot Water Common |
| CMU Style: Mixed Use |
| Current Use: Office; Professional Service; Residential |
| Floor Description: Carpet; Vinyl/Linoleum |
| Loan Terms: Cash; Conventional |
| Location Description: Downtown; Free Standing |
