Own a piece of Mankato history with this iconic property, famously known as the Kato Ballroom and Kato Entertainment Center. Constructed in 1946, this landmark has long been recognized as a notable part of the community’s history and entertainment scene. Steeped in character and history, the property offers a truly unique opportunity to bring new vision to a well-known Mankato landmark. Whether envisioned for continued entertainment use, a creative redevelopment project, or another purpose, this one-of-a-kind property presents possibilities that are difficult to duplicate. A rare opportunity to own a piece of local history and create its next chapter.
Listing Courtesy of: True Real Estate
karen@truerealestatemn.com
| Listing Id: | 7133568 |
|---|---|
| List Price: | $999,995 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $18,076 |
| Waterfront?: | No |
| City: | Mankato |
| County Or Parish: | Blue Earth |
| Subdivision Name: | Mankato City |
| Postal Code: | 56001 |
| Year Built: | 1946 |
| Number Of Units Total: | 1 |
| Accessibility Features: | Fully Wheelchair |
| Basement: | No |
| Cooling: | Central Air |
| Current Use: | Event Space, Food Service, Other |
| Directions: | From Riverfront Drive, turn west onto Chestnut Street. Property is on the right just past 1st Ave. |
| Foundation Area: | 28,153 |
| Garage Spaces: | 0 |
| Heating: | Forced Air |
| High School District: | Mankato |
| Inclusions: | Building, Business Assets, Business, Land |
| Levels: | One |
| Listing Contract Date: | 2026-08-24 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 2.5 |
| Lot Size Dimensions: | 108900 SF |
| Lot Size Units: | Acres |
| Amenities Unit: | Ceiling Fan(s), Hardwood Floors, Security System, Vaulted Ceiling(s), Wet Bar |
| Assessment Pending: | No |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Lender Owned: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| School District Number: | 77 |
| School District Phone: | 5073871868 |
| Tax With Assessments: | $18,538 |
| Parcel Number: | R010906478001 |
| Parking Features: | Open |
| Postal City: | Mankato |
| Roof: | Rubber |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Utilities: | Electric Common, Heating Common, Hot Water Common |
| Water Source: | City Water/Connected |
| Zoning Description: | Industrial |
| Township: | Mankato |
| For Sale Or Lease: | For Sale |
| Exterior Features: | Stucco |
| Foundation Details: | Slab |
| Commercial Style Type: | Business Opportunity |
| School District Full Name: | 77 - Mankato |
Mortgage Calculator
The data on this website relating to real estate for sale comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota.
All information provided is deemed reliable but is not guaranteed and should be independently verified. The properties displayed may not be all of the properties available through the IDX Program. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing. Real estate listings held by brokerage firms other than the publisher of this website are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the site owner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:23 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:23 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Property Last Updated: October 08, 2026 04:23 PM - CT
