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$1,590,000

  • Sold
  • Closed
  • Commercial
  • 5,508 Sq. Ft.
  • 0.674 Acres
  • Updated 16 hours ago
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Rare opportunity to acquire two large 4plexes near MSU Campus! 100% fully leased through July of 2027. Monthly Rent total is $14,775. There are four 5bedroom units and four 2bedroom units. Full financials and rent roll available upon request.

Full Property Details for 113 / 119 E Welcome Ave

General

  • Sold For: $1,590,000
  • Taxes: $12,790 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7046237
  • Added to Site: 154 day(s) ago

Parking

  • Parking Features: Parking Lot, Paved Lot

School Information

  • School District: 77 - Mankato
  • High School District: Mankato

Heating & Cooling

  • Cooling Type: Wall Unit(s), Window Unit(s)
  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Hot Water Common

Financial Considerations

  • Operating Expenses: $52,000
  • Tax Amount: $12,790
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Legal Description: MEURERS SUB LOT 4 & W18.66' OF 005 005 00
  • Inclusions: Building, Leases, Rental License
  • Property ID: R010917355003

Listed by Top Tier Real Estate LLC
Sold by RE/MAX Dynamic Agents

Listing agent

— 113 / 119 E Welcome Ave —

  • Top Tier Real Estate LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 113 / 119 E Welcome Ave

School District:Mankato Public School District
NameGradesDistance
Washington Elementary School, Mankato, MN
1100 Anderson Drive, Mankato, MN 56001
PK-50.7 mi
Prairie Winds Middle School
1200 Prairie Winds Drive, Mankato, MN 56001
6-81.8 mi
Mankato East Senior High School
2600 Hoffman Road, Mankato, MN 56001
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 113 / 119 E Welcome Ave

Date
Details
Price
Change
Source
8/24/2026
Sold
$1,590,000
-3.64%
MLS
3/31/2026
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Top Tier Real Estate LLC
Sold by RE/MAX Dynamic Agents

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113 / 119 E Welcome Avenue, Mankato, MN 56001 (MLS# 7046237) is a Commercial property that was sold at $1,590,000 on August 24, 2026. Want to learn more about 113 / 119 E Welcome Avenue? Do you have questions about finding other Commercial real estate for sale in Mankato? You can browse all Mankato real estate or contact a Coldwell Banker agent to request more information.