NOT LISTED FOR SALE

507 N Riverfront Dr Mankato, MN 56001

Riverfront Park Neighborhood
-- Bed
-- Bath
530 Sq Ft
8,930 Sq Ft Lot

About This Home

This highly anticipated new development will be a mix of upscale office and retail users, along with studio units on all three floors. Ground floor features two commercial spaces, plus three ground level walk out apartments. The exterior of the building will be limestone with wood and block accents. Floors two and three feature eight units per floor. All units will include a washer, dryer, LVT flooring, granite surfaces and stainless steel appliances. The units will all have low-E glass, gypsum concrete underlayment and walls will have resilient channels for reduced sound transmission.

These studio apartments are seated in the heart of Old Town Mankato on Riverfront Drive. Units have easy access to HWY 169 and 14 and are within walking distance to the Mayo Clinic Health System Event
Center, shopping district, grocery stores and outdoor recreation.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2017
Sold by
Community Bank
Bought by
Old Town Collaborative Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Outstanding Balance
$62,475
Interest Rate
4.15%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Old Town Collaborative Group $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Old Town Collaborative Group $75,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2025 11/18/25 Off Market $1,100 -- --
05/21/2025 05/21/25 Price Changed $1,100 +6.8% $2 / Sq Ft
05/08/2025 05/08/25 Price Changed $1,030 -1.9% $2 / Sq Ft
02/28/2025 02/28/25 Price Changed $1,050 +2.4% $2 / Sq Ft
02/25/2025 02/25/25 For Rent $1,025 0.0% --
08/07/2023 08/07/23 For Rent $1,025 0.0% --
07/14/2023 07/14/23 Price Changed $1,025 +13.9% $2 / Sq Ft
06/23/2023 06/23/23 For Rent $900 0.0% --
06/14/2023 06/14/23 For Rent $900 -7.7% --
04/15/2023 04/15/23 For Rent $975 +8.3% --
03/24/2023 03/24/23 Price Changed $900 -- $2 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $46,552 $2,871,100 $58,300 $2,812,800
2024 $46,552 $2,871,300 $58,300 $2,813,000
2023 $30,886 $2,731,700 $58,300 $2,673,400
2022 $2,614 $1,767,700 $58,300 $1,709,400
2021 $6,712 $134,100 $58,300 $75,800
Source: Public Records

Map

Minnesota Blue Earth County Mankato 56001 Riverfront Park

507 N Riverfront Dr, Mankato, MN

Not Listed for Sale

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