32-Unit Historic Apartment
For Sale
$1,750,000
109 E Luverne Street, Luverne, MN 56156
Commercial Sale, Luverne, MN
Property SizeContact for details
Lot Size2.22 Acres
Days on Market55
Property Features for 109 E Luverne Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Multi-Family
Parking features
Parking Lot
Exterior features
Brick/Stone
Accessibility
Accessible Elevator Installed, Accessible Approach with Ramp
Appliances
Dishwasher, Range, Refrigerator, Stainless Steel Appliances
Subdivision
City Center Condo Inc Cic #13
Lot features
Corner Lot, Tree Coverage - Light
High school district
Luverne
Directions
From Main and 75 North to Luverne St -East to Property
Standard status
Active
Lot size
2.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16266
Utilities
Heating system
Baseboard
Cooling system
Central Air
Amenities
full-size gymnasium
community room
outdoor green space
coin-operated laundry
Building Details
Year built
1925
Roof type
Flat, Rubber, Tar/Gravel
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(952) 226-7700
Listed By:
Jason Walgrave · License #MN 20359201
(952) 226-7700
Added: Jul 6
Changed: Aug 27
Last Checked: Aug 29 at 12:06AM
MLS# 7104049
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 109 E Luverne Street in Luverne, Minnesota, this 32-unit condominium complex occupies a repurposed historic school building constructed in 1925. The property includes a mix of one-, two-, and three-bedroom units along with a full-size gymnasium, community room, outdoor green space, coin-operated laundry, and elevator access. Brick and stone exterior construction, central air, baseboard heat, and a flat rubber and tar/gravel roof are among the recorded building features.
The 2.217-acre property is within walking distance of restaurants, shopping, local businesses, Luverne City Park, and the Rock River. On-site parking is provided, and accessibility features include an installed elevator and an approach ramp. Individual units include dishwashers, ranges, refrigerators, and stainless steel appliances.
The 2.217-acre property is within walking distance of restaurants, shopping, local businesses, Luverne City Park, and the Rock River. On-site parking is provided, and accessibility features include an installed elevator and an approach ramp. Individual units include dishwashers, ranges, refrigerators, and stainless steel appliances.
Key Highlights
- 32‑unit condominium complex in a repurposed historic school building
- Built in 1925 on 2.217 acres
- Unit mix includes 1-, 2-, and 3‑bedroom residences
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 56156, MN
6,270
Population
2,756
Households
2.3
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
166.9 sq mi
ZIP Area
38
Density / Sq Mi
$75,234
Median Household Income
$42,706
Median Earnings
$726
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Repurposed school property offers one-, two-, and three-bedroom residences with shared community amenities.
Where is this apartment building located?
The property is located at 109 E Luverne Street 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: 32‑unit condominium complex in a repurposed historic school building; Built in 1925 on 2.217 acres; Unit mix includes 1-, 2-, and 3‑bedroom residences
