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    120 Hatting St Luverne, MN 56156

    Sponsored
    For Sale
    $8,500,000

    Energy-Efficient Apartments, Prime Location

    Property size:
    54,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents two state-of-the-art, energy-efficient apartment buildings located at 120 & 124 W Hatting Street in Luverne, Minnesota. Boasting a combined 54,000 square feet across 54 units (27 units per building), these properties sit on a generous 2.53-acre lot. Completed in 2022, these buildings represent a cutting-edge approach to sustainable living, earning recognition from the Department of Energy as industry leaders in energy efficiency. The design incorporates advanced insulation, triple-glazed windows, and high-efficiency HVAC systems, resulting in significantly reduced energy consumption and operational costs. Each unit is equipped with energy-efficient appliances and fixtures, further enhancing sustainability. The modern architectural design seamlessly integrates into Luverne's landscape, while the ample natural light and ventilation promote a healthy living environment for residents. Well-maintained landscaped green spaces provide attractive communal areas, encouraging resident interaction and outdoor activities. Offered at $8,500,000, this property presents a rare chance to acquire a high-performing, environmentally conscious multi-family investment in a desirable location. The buildings' superior energy efficiency translates to lower operating expenses and increased profitability, making this an attractive proposition for discerning investors seeking a sustainable and financially sound investment.

    Property Features for 120 Hatting St

    General Information

    Property type
    Residential income properties
    Square Feet
    54,000 SF
    Lot Size
    110,207 SF

    Building Details

    Year Built
    2022
    Property Profile Location Intelligence

    Current Use by Public Records

    PrairiE Lofts Apartment Complex

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Rock
    State
    Minnesota
    Longitude
    -96.20511
    Latitude
    43.64554

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    FAQs

    What type of property is this?
    Residential income property - Energy-Efficient Apartments, Prime Location
    Where is this residential income property located?
    The property is located at 120 Hatting St Luverne, MN.
    What is the asking price?
    The asking price for this property is $8,500,000.
    (952) 475-2411
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    120 Hatting St Luverne, MN 56156
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    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
    120 Hatting St Luverne, MN 56156
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