905 E 5th ST, Blue Earth, MN 56013
905 E 5th ST, Blue Earth, MN 56013
905 E 5th ST, Blue Earth, MN 56013
905 E 5th ST, Blue Earth, MN 56013
905 E 5th ST, Blue Earth, MN 56013
905 E 5th ST, Blue Earth, MN 56013
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Paul Ekstrom

Paul Ekstrom

+1(612) 749-8404
$ 429,900
Est. payment | /mo

0.6 Acres Lot

Save
$ 429,900
Est. payment | /mo
Save

0.6 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Blue Earth

MLS Listing ID 7015348

Year Built 1955

Annual Tax Amount $4,410

Tax Year 2025

Contingent None

Lot Size 0.600 Acres

Lot Dimensions 145x180

Property Description

TFuture Redevelopment Site. LOCATED IN AN OPPORTUNITY ZONE across the street from the major downtown Mankato redevelopment focused on a $60 million plus mixed use project at the former Walgreens site. This multi-family investment property has four streams of income. There is a five bedroom, three bath apartment. There is a four bedroom one bath apartment. Both have a washer/dryer. There is off street parking for tenants and guests. There are six rented surface parking stalls and the double garage is also rented separately. The interior finishes include marble, tile, granite, and stainless steel appliances. There is a private 19x17 patio on the south side of the property. This is located on the city bus route and walkable to everything downtown. It's about a half mile to Minnesota State University Mankato campus and has been traditionally occupied by students. The zoning is CBDF, Central Business District Fringe. The garage is a possible office conversion. Buy, Hold, Redevelop, Bingo!

Location

State MN

County Faribault

Zoning Residential-Multi-Family

Interior

Heating Forced Air

Inclusions Building, Land, Leases

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Common

Present Use Residential

Building

Foundation 6531

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Blue Earth Area Schools

Listed by Kevin Goettl • RE/MAX Results

Nearby Locations

Paul Ekstrom

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 749-8404

paul@thepauleteam.com

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905 E 5th ST