500 S 2nd Street Mankato, MN 56001
Other
MLS #: 7039815
Courtesy Of Landmark Realtors LLC
Property InformationDescription
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. The occupancy rate is currently at 100%. 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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Stucco
- Exterior Type: Brick
- Heating System: Space Heater
- Heating System: Wall Furnace
- Legal Description: CITY OF MANKATO LOT 8 & SLY 43.4' OF (17,230 SQ FT) 009 010 00 APTS; CITY OF MANKATO NLY22.6' OF LOT 9 & NELY135.5'OF 010 010 00; CITY OF MANKATO W22' OF 010 010 00
- MLSID: 7039815
MAP & DIRECTIONS
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