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1708 N Riverfront Dr
Mankato, MN 56001
Riverfront Studio Suites · Hospitality Property For Sale
·
13,420 SF
Investment Highlights
- Full Kitchens with microwave and dishwasher
- Furnished luxury studio apartments/suites
- Vaulted ceilings with lofts
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1954/2014 |
| Building Class | C | Parking Ratio | 2.91/1,000 SF |
| Lot Size | 0.82 AC | Corridor | Interior |
| Building Size | 13,420 SF | ||
| Zoning | B-2 - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 13,420 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2014 |
| Parking Ratio | 2.91/1,000 SF |
| Corridor | Interior |
| Zoning | B-2 - Commercial |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
About 1708 N RIVERFRONT DR , MANKATO, MN 56001
Riverfront Studio Suites is operating at a 97% occupancy rate. This is a luxury boutique motel that offers 39 furnished suites, an office and laundry facility. All of the suites have full kitchens and bathrooms, vaulted ceilings and lofts. The kitchens have full size refrigerators, range/ovens, microwave and dishwasher. These fully furnished studio apartments are licensed as one Mankato finest extended stays. Many of the suites are home to long term residents. Most of the remaining suites are rented on a monthly basis. Any remaining suites are used for weekly stays which create more revenue. The amenities at the Studios are perfect for those clients with permanent or temporary housing needs.
Property Taxes
| Parcel Number | R01-09-05-351-041 | Improvements Assessment | $501,000 |
| Land Assessment | $88,000 | Total Assessment | $589,000 |
Property Taxes
