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    109 E Luverne St Luverne, MN 56156

    Under Contract
    For Sale
    $1,750,000

    Commercial - Luverne, MN

    Lot size:
    2.22 Acres
    Days on Market:
    130
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 109 E Luverne St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential-Multi-Family
    APN
    TBD
    Parking features
    Parking Lot, Paved or Surfaced
    Exterior features
    Brick/Stone
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Lot size
    2.22 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Roof type
    Flat, Rubber, Tar/Gravel
    Architectural style
    Other

    RE/MAX Advantage Plus (952) 226-7700 [email protected]

    Listing agent Jason Walgrave (952) 226-7700

    Listing date Jul 30, 2025

    MLS# 6578414 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Luverne Multifamily Investment Opportunity

    The City Centre condominium complex is a 32-unit multifamily property located in Luverne. The building, originally a school, has been converted into residential units. The property includes a full court gymnasium, a spacious outdoor yard, a community room, and a shared coin laundry room. Elevator access is available to upper floors. The complex offers a mix of one, two, and three-bedroom units. The property is located near restaurants, shops, businesses, Luverne City Park, and the Rock River. The lot size is 2.217 acres.
    Location Intelligence

    Current Use by Public Records

    City Centre Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Rock
    State
    Minnesota
    Longitude
    -96.208628
    Latitude
    43.656746

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    FAQs

    What type of property is this?
    Apartment building - 32-unit complex in Luverne, near amenities and recreation.
    Where is this apartment building located?
    The property is located at 109 E Luverne St Luverne, MN.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Unique conversion of a historic school building into residential condos.; - Full-court gymnasium for year-round recreation.; - Convenient location in the heart of Luverne, near restaurants, shops, and parks.
    (952) 226-7700
    Request Owner's contact information
    109 E Luverne St Luverne, MN 56156
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 E Luverne St Luverne, MN 56156
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