500 South Broad Street is a three-tenant office and service building totaling 2,345 square feet and currently fully leased. Built in 1973 and renovated in 2022, the property offers stable occupancy and recent building updates including a new furnace and air conditioning system (2022) and a metal roof installed in 2014. The building is well suited for investors seeking an income-producing asset or a future owner-occupant opportunity.

The property benefits from a long-term parking arrangement through a City of Mankato approved leasehold agreement on the adjacent parcel. Under this agreement, the owner retains parking privileges while avoiding the cost of ownership for the additional parcels.