109 Luverne StLuverne, MN 56156

For Sale
$459,000

Eight Units, Prime Investment Opportunity

Overview

Added:
Feb 3
Days on market:
38
This exceptional investment opportunity presents eight units within the beautifully renovated City Centre Condo building in downtown Luverne, Minnesota. Located on the third floor of a historic school building, this property offers a unique blend of residential and recreational spaces. The eight units comprise a mix of 1.5 and 2-bedroom apartments, all benefiting from elevator access. The building itself boasts a full-size gymnasium, perfect for residents' use, along with a spacious community room ideal for gatherings and events. Shared coin-operated laundry facilities add to the convenience. The property sits on a 2.22-acre lot, providing ample outdoor space. The well-maintained building features attractive yard areas. This prime location places residents within easy reach of Luverne's vibrant city center, including local restaurants, shops, businesses, Luverne City Park, and the Rock River. The total square footage of the eight units is 25,000 square feet. This is a rare chance to acquire a substantial, well-located multi-unit property with strong rental potential in a desirable Minnesota community. The asking price for this exceptional investment is $459,000.

Property Details for 109 Luverne St

Property type
Residential income properties, Multifamily properties
Square Feet
25,000 SF
Year Built
1925
Lot Size (sq. ft)
96,703 SF

Location Insight

City
Luverne
County
Rock
State
Minnesota
Latitude
43.65679
Longitude
-96.20878
109 Luverne St, Luverne, Minnesota
Leaflet | © OpenStreetMap contributors

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109 Luverne St
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