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The JBeal Real Estate Group is a premier real estate firm located in Mankato, MN, servicing Mankato and the surrounding communities in Southern Minnesota. Since our beginning in 2002, we’ve grown to over a dozen agents and have had the pleasure of working with thousands of clients. With a strong belief in family, we are a hard-working, service-oriented, close-knit team who feel that together, we can accomplish more.

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Very helpful. Shannon drove over 2 hours to help me with the purchase my house. We went from the first showing to living in my house in just a month. Very quick and helpful with any questions I had. Highly recommended!

Best realtors around!! Knowledgeable and professional.

Very easy to work with and went above and beyond to help us sell our house! They helped us with everything along the way, as far as staging, pricing, etc! Highly recommend using them!

We were very pleased with our experience with JBeal Realty! Jason treated us exceptionally well and was an immense help in selling our house and purchasing a new house. You won't find a kinder, more devoted team than JBeal Realty!

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$5,750,000
7039815 MLS
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. 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.

500 S 2nd, Mankato
$2,138,665
7030778 MLS
Prime ground available in the East end of Mankato's newest development area. This area is experiencing great growth with the recent completion of the Mankato Travel Center and soon to join with the completion of Truck Center Companies, Kato Mayflower Storage and others. The parcel offers 16.93 acres with three points of access (Adams Street, CNTY RD 12 & CNTY RD 17/Madison Avenue) with utilities along the north side. The parcel is located with easy access to four lane Highway 14 and the nearby round-about connecting heavily traveled Adams Street @ CNTY RD 12. Potential to parcel into thirds.

TBD Adams, Mankato
$2,100,000
1 Beds ⋅ 1 Baths ⋅ 7039895 MLS
28-unit apartment building investment opportunity! This property features 19 one-bedroom units, 3 two-bedroom units, and 6 studio apartments. Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways, on site laundry area, and select units with upgraded kitchen cabinetry and countertops. While many updates have been completed, the property still offers additional renovation opportunities for a new owner to further enhance value and increase rents. With the ability to update remaining units and place your own tenants, this is an ideal opportunity for investors looking to customize management and maximize returns. Located within walking distance to downtown amenities and public transit.

123 N 4th, Mankato
$2,000,000
7039672 MLS
Positioned at the gateway to one of the fastest growing areas of Mankato, this exceptional development opportunity blends visible commercial potential with built in multifamily demand. Anchored at a prominent roundabout entrance, this site offers terrific exposure and accessibility, ideal for retail, service, grocers, clinics and convenience oriented users looking to capture daily traffic from over 800 new households within blocks. The surrounding neighborhood is rapidly taking shape, with additional high density housing and a middle school driving consistent daytime and evening activity. The offering includes plans for the capacity of 61 multifamily units, creating an immediate on site customer base and long-term value through mixed use synergy. Residents and nearby rooftops benefit from close proximity to other major retail and shopping destinations within one mile, along with convenient access to regional healthcare just 2.7 miles away and Minnesota State University, Mankato only 3.4 miles from the site. Located on the highly desirable east side of Mankato, this corridor continues to see strong residential and commercial expansion, making it a strategic location for forward thinking developers and operators. The site is construction ready July 2026, with infrastructure and grading already included, significantly reducing upfront costs and accelerating your timeline. Mankato serves as a regional hub supporting a trade area of approximately 1.6 million people for employment, shopping, and entertainment in Southern MN and Northern IA, and yet just over an hour to the Twin Cities. This is a rare opportunity to establish a presence at the front door of growth where rooftops, traffic, and demand are already in motion.

3 Market, Mankato
$1,762,650
7025935 MLS
This excellent location is situated in the quickly growing east side of Mankato. It is conveniently close to key business establishments like the new Walmart Distribution Center, Fed Ex, Menards, and Fleet Farm. The property benefits from a new frontage road and its proximity to Hwy 22 and Hwy 14 allows for quick and easy access. You can find this property half a mile to the east of Wickersham Clinic, just beyond Noah Estates on the right side of the road.

TBD 227th, Mankato
$1,687,598
7032870 MLS
16.21 Acre parcel of land located along a vibrant and busy four-lane highway and the newly extended Adams Street, offering excellent visibility and accessibility for commercial or light industrial use. Its strategic position near a major roadway ensures a constant flow of traffic and provides an ideal platform for businesses looking to establish themselves in a growing and dynamic area. As the area has recently begun developing, there is a sense of excitement and opportunity. New businesses have started to move in, bringing a surge of economic activity and a diverse range of services to the community. Local authorities and municipalities are supporting the growth and development of the area by investing in infrastructure improvements, such as roads and utilities. The presence of the four-lane highway indicates that the region is well-connected and supported by a network of major transportation routes. Given its zoning, the land is ideally suited for a wide range of business types. Potential developments could include manufacturing facilities, warehouses, showrooms or service centers. As the area continues to develop, it presents a promising investment opportunity for those looking to secure a long term stake in a commercial or light industrial hub.

TBD #2 Adams, Mankato
$1,624,350
7031911 MLS
Prime development land in the heart of Hilltop Mankato centrally positioned between Victory Drive, Hwy 14 and Madison Avenue. Located in one of Mankato’s fastest growing commercial districts, these parcels are neighbored by several newer residential communities, retail stores and professional service businesses. Lot 1, Block 2 is zoned in the B-1, Community Business District area and is designed to provide for a broad range of retail developments which are adjacent to residential areas. The district will also accommodate office and institutional uses as well as limited light industry. This parcel is located next to several retail stores and professional service businesses including a large mall, restaurants and banking institutions. Agent is related to sellers.

Lot 1, Block 2 Elwin Addition No. 2, Mankato
$1,500,000
7039671 MLS
Position your brand at the center of growth on the east side of Mankato. This premier commercial site sits at the entrance to a new subdivision delivering 800+ households, with close proximity to a middle school and surrounding high-density residential—creating built-in daily traffic from day one. Designed for a convenience store with car wash, this location offers great visibility and accessibility in one of Mankato’s fastest-growing corridors. Within 1 mile of major retailers and shopping, the site benefits from strong co-tenancy and established consumer patterns, while still capturing untapped neighborhood demand. The property is ideally positioned just 2.7 miles from regional hospitals and clinics and 3.4 miles from Minnesota State University, Mankato, providing a steady flow of commuters, students, and professionals. Construction-ready July 2026, with grading and infrastructure already in place, this site significantly reduces development timelines and upfront costs. Mankato serves as a regional hub for employment, shopping, and entertainment, drawing from a 1.6 million+ trade area, making this an ideal opportunity for operators seeking long-term growth and high-volume potential. Its location also offers convenient access to the Minneapolis–Saint Paul metro, just 1 hour and 15 minutes away. This is a rare chance to secure a high-visibility, high-demand corner in a rapidly expanding market—perfectly suited for a next-generation convenience store and car wash concept.

1 Market, Mankato
$1,475,000
267040869 MLS
Sought after land for sale just on the outskirts of Mankato, between Mankato and Eagle Lake. Almost 44 acres are available! Unlimited possibilities with the parcel!

21xxx 594th, Mankato
$1,370,400
7031909 MLS
Prime development land in the heart of Hilltop Mankato centrally positioned between Victory Drive, Hwy 14 and Madison Avenue. Located in one of Mankato’s fastest growing commercial districts, these parcels are neighbored by several newer residential communities, retail stores and professional service businesses. Outlot A, Block 1 is zoned in the Transitional District and developer can apply for an Office/Residential designation through the City of Mankato. This parcel is located next to the newly built Holiday Gas Station, New Perspectives Senior Living and several retail centers and banking institutions. Agent is related to sellers.

Outlot A Block 1, Mankato
$1,274,800
3 Beds ⋅ 3 Baths ⋅ 7039156 MLS
Luxury to-be-built home by Deichman Construction on a premier 1.3 acre wooded lot with a walkout basement. This high-end build offers 3 bedrooms, 3 baths (2 full, 1 three-quarter) with 2,138 finished square feet and 4,576 total square feet. Quality features include Cambria countertops, handcrafted cabinetry, Bosch appliances, Andersen windows, and James Hardie siding. The walkout lower level offers space to add 2-3 bedrooms or a fitness room, and an optional sports court located in the lower level, along with room for additional custom spaces. An optional bonus room above the garage is also available. Experience luxury living surrounded by nature-customize your finished and build your dream home with Deichman Construction. Owner/Agent.

1008 Applewood, Mankato
$1,200,000
4 Beds ⋅ 4 Baths ⋅ 267040613 MLS
Situated on 2.23 acres, this well-maintained two-story home offers over 4 bedrooms, multiple living and entertaining spaces, and exceptional garage and shop storage. The main level features a dedicated home office, large living and dining areas, and spacious kitchen with granite countertops, stainless steel appliances, abundant cabinetry, and informal dining. Just off the kitchen, enjoy a comfortable living area with a fireplace and a stunning four-season sunroom filled with natural light and backyard views. Upstairs, the primary suite offers a private full bath, double vanity, and walk-in closet. Two additional bedrooms, a full bath, and a versatile flex room above the garage provide space for a playroom, media room, fitness area, guest suite, or second office. The finished lower level includes a fourth bedroom with a walk-in closet, spacious recreation and entertainment areas, bar space, storm shelter, and ample storage. Outside you’ll find an attached 3-stall garage, detached workshop/shop, and an additional detached garage—ideal for vehicles, hobbies, toys, or equipment. Shed/shop size is 50 x 80 and the extra garage size is a single stall. 50x36 of that space is heated. Over head doors are 11 ft and 14 ft. Enjoy the privacy of acreage living served by private well and septic. A rare combination of space, storage, flexibility, and location.

58049 227th, Mankato
$1,199,000
1 Baths ⋅ 7039443 MLS
Prime Victory Drive commercial opportunity with outstanding visibility and frontage road access. Average daily traffic count of approximately 17,500 vehicles provides exceptional exposure for retail, service, or light industrial use. This versatile property is divided into multiple functional spaces. The retail and showroom area offers approximately 6,000 square feet and includes three private offices, storage, a kitchenette, and a recently updated ADA compliant bathroom. The current owner operated business is relocating, not closing, creating an excellent opportunity for an owner occupant or investor. The front portion of the building features approximately 5,000 square feet leased to a martial arts studio with a three year lease in place, providing steady income. The warehouse space consists of approximately 4,800 square feet with eight overhead doors ranging from 10 to 14 feet in height. Portions of the warehouse are heated, offering flexibility for storage, distribution, or additional rental income potential. Situated on a .82 acre lot, the property provides ample access and functionality. Two new furnaces have recently been installed. Strong rental potential, flexible layout, and a premier location make this a rare Victory Drive opportunity.

219 S Victory, Mankato
$1,195,000
3 Beds ⋅ 2 Baths ⋅ 7039849 MLS
Fully renovated and fully occupied 4-unit townhome property offers both modern appeal and immediate income stability. Each spacious unit features 3 bedrooms and has been thoughtfully updated from top to bottom. Recent improvements include stainless steel appliances, updated plumbing and lighting, new fixtures throughout, with high-efficiency mechanicals—furnace, A/C condenser, and tankless water heater. The interiors showcase stylish finishes with new tile flooring, plush carpet, fresh paint, and beautifully updated kitchens complete with new cabinetry and granite countertops. Bathrooms feature elegant marble vanities, and each unit includes its own high-efficiency washer and dryer for added convenience. Additional amenities include a single-stall garage with keyless entry and a private rooftop deck with maintenance-free decking. Each unit generates top market rents, with tenants responsible for all utilities, making this a turnkey, low-maintenance investment with solid cash flow.

412 Holly, Mankato
$1,182,720
7037995 MLS
Located at the junction of HWY 169 and HWY 60. Property includes 73.92 acres with 70.3 tillable, 2.56 pasture and 0.94 wooded acres. This property has been tiled and is currently being rented as agricultural land.

TBD S 60, Mankato
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