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    Preston, MN Fountain, MN Chatfield, MN Harmony, MN Rushford, MN Utica, MN Wykoff, MN Mabel, MN
    Renovated 10-Unit Apartment Building
    Updated: Apr 15
    Renovated 10-Unit Apartment Building

    505 PKWY AVE S, Lanesboro, MN 55949

    Contact for pricing
    7,210 sqft
    10‑unit apartment building in Lanesboro, MN, fully renovated and converted from its original use as a church
    Year built 1890
    All major systems and finishes have been replaced for a like‑new condition throughout
    Includes three short‑term rental units currently operating as Airbnb accommodations
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lanesboro, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with 11 Spaces
    Mixed-Use Property with 11 Spaces

    272 E 3rd St, Winona, MN 55987

    $695,000
    11,264 sqft

    Downtown building combines residential, office, and retail uses with parking positioned behind the property.

    View details
    Historic Apartment Building with Campus Facilities
    Historic Apartment Building with Campus Facilities

    457 Gould Street, Winona, MN 55987

    Contact for pricing
    8,278 sqft

    Large former university residence with classrooms, offices, apartments, recreation areas, and food service facilities.

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    Spacious Multifamily Investment Opportunity
    Spacious Multifamily Investment Opportunity

    897 16th Avenue Southeast, Rochester, MN 55904

    Contact for pricing
    37,800 sqft 3.47 AC lot

    36-unit multifamily property with four-bedroom residences in Rochester, MN.

    View details
    Creekside Apartment Buildings
    Creekside Apartment Buildings

    1405-1505 Marion Road SE, Rochester, MN 55904

    Contact for pricing

    Three-building apartment property with on-site laundry, parking, and private outdoor space for every apartment.

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    Lanesboro, MN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Lanesboro, MN on our real estate platform. These investment opportunities span a total of 7,210 square feet of properties for sale.

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    Demographics Overview

    Population 1,918
    Population Growth (5Y) +11.1%
    Median Household Income $80,357
    College Educated 49.3%

    Taxes & Financing

    Tax Rate (average for all types) 2.16%
    Property Tax per SF $2.12 per SF
    Tax Rate vs County Average 0.26 pp below county avg
    Average Loan-to-Value 65.0%

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