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109 Luverne St Luverne, MN 56156

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For Sale
$1,750,000

Prime 32-unit complex, excellent investment.

Property size:
75,000 SF

Property Features for 109 Luverne St

General Information

Property type
Residential income properties
Square Feet
75,000 SF
Lot Size
96,703 SF

Building Details

Year Built
1925

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Listing Contact
Jason  Walgrave
Jason Walgrave

Listing Agency: RE/MAX Advantage Plus Listing Agent: Jason Walgrave

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 32-unit condominium complex, situated in the heart of Luverne, Minnesota, presents a compelling investment opportunity. Originally a school building, this property has undergone a meticulous transformation into a thriving residential community. The 75,000 square foot building sits on a 2.22-acre lot and offers a diverse range of 1, 2, and 3-bedroom units, catering to a broad spectrum of residents. Residents enjoy convenient access to a full-court gymnasium, perfect for year-round recreation. Community amenities include a spacious outdoor yard ideal for relaxation and gatherings, a dedicated community room for events, and a shared coin-operated laundry facility for added convenience. Elevator access ensures easy movement throughout the building. The property's prime location offers unparalleled convenience, with proximity to a variety of restaurants, shops, businesses, Luverne City Park, and the Rock River. Buyer financing is available, making this an even more attractive proposition. This well-maintained complex represents a rare opportunity to acquire a thriving, established residential property in a desirable location. Don't miss this chance to own a piece of Luverne's vibrant community.
Property Profile Location Intelligence

Current Use by Public Records

City Centre Apartments Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Luverne
County
Rock
State
Minnesota
Longitude
-96.20878
Latitude
43.65679

FAQs

What type of property is this?
Residential income property - Prime 32-unit complex, excellent investment.
Where is this residential income property located?
The property is located at 109 Luverne St Luverne, MN.
What is the asking price?
The asking price for this property is $1,750,000.
More about this property
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