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$599,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.07 Acres
  • Updated 6 hours ago
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Fully leased six-unit investment property in downtown Mankato. Building features a newer roof, energy-efficientwindows, baseboard heat, separate electrical meters, & secure common entrance.

Full Property Details for 221 E Walnut St

General

  • Price: $599,000
  • Taxes: $5,668 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7048737
  • Updated: 4/6/2026
  • Added to Site: 3 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: On-Street Parking Only, More Parking Onsite for Fee

Location

  • County: Blue Earth
  • Township: Mankato
  • Subdivision: Mankato
  • Driving Directions: 2nd Street to Walnut

School Information

  • School District: 2262 - Mankato
  • High School District: Mankato

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Other

Utilities

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

Structural Information

  • Foundation Size: 3820
  • Disability Access: None
  • Current Bldg. Use: Residential
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 50 x 60
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Tax Amount: $5,668
  • Tax Year: 2026
  • Owner Pays: Snow Removal, Trash Collection
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: CITY OF MANKATO W45' OF E122.5' OF 010 028 00
  • Inclusions: Building, Leases
  • Property ID: R010918129005

Listed by Keller Williams Premier Realty

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— 221 E Walnut St —

  • Keller Williams Premier Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 221 E Walnut St

School District:Mankato Public School District
NameGradesDistance
Washington Elementary School, Mankato, MN
1100 Anderson Drive, Mankato, MN 56001
PK-51.1 mi
Prairie Winds Middle School
1200 Prairie Winds Drive, Mankato, MN 56001
6-82.8 mi
Mankato East Senior High School
2600 Hoffman Road, Mankato, MN 56001
9-122.1 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 221 E Walnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2026
Listed
$599,000
46.1%
MLS
5/22/2019
Sold
$410,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 221 E Walnut St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,653
4%
$387,100
—
2024
$5,442
57%
$387,100
66%
2021
$3,476
-1%
$233,800
-42%
2023
$3,496
—
$401,600
64%
2023
$3,496
1%
$244,600
10%
2020
$3,464
—
$222,600
—
2019
$3,474
2%
$222,600
1%
2018
$3,398
4%
$219,500
—
2017
$3,270
—
$219,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Keller Williams Premier Realty

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221 E Walnut Street, Mankato, MN 56001 (MLS# 7048737) is a Commercial property. 221 E Walnut Street is currently listed for $599,000 and was received on April 03, 2026. Want to learn more about 221 E Walnut Street? 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.

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