Historic School Condominium
For Sale
$1,750,000
109 E Luverne Street #Units 101-336, Luverne, MN 56156
Well-maintained 32-unit condominium complex in a repurposed historic school building with 1–3 bedroom units.
Property Size75,000 SF
Price / SF$23.33
Days on Market36
Property Features for 109 E Luverne Street #Units 101-336
General Information
Standard status
Active
Size
75,000 SF
Property subtype
Commercial
Zoning
Residential-Multi-Family
Additional Details
Multifamily Units
32
Taxes and HOA fees
Annual Taxes
$16,266
Amenities
full-size gymnasium
community room
spacious outdoor green space
coin-operated laundry
elevator access
Building Details
Building Size
75,000 SF
Year Built
1925
Stories
3
Units
32
Tenancy
Multi
Listing Agency:
RE/MAX Advantage Plus
(612) 419-9425
Listed By:
Jason Walgrave · License #MN 20359201
(612) 419-9425
Source:
Juverealestate
Added: Jul 6
Changed: Aug 8
Last Checked: Aug 9 at 1:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advantage Plus
Investment Insights
Based on property information with market context.
This well-maintained 32-unit condominium complex is housed in a repurposed historic school building and offers a mix of 1-, 2-, and 3-bedroom units. Common amenities include elevator access, a full-size gymnasium, a community room, a spacious outdoor green space, and coin-operated laundry.
The property is located in the city center within walking distance of restaurants, shopping, local businesses, Luverne City Park, and the Rock River. For sale with buyer financing available, it presents an income-focused residential income opportunity in a convenient, walkable setting.
The property is located in the city center within walking distance of restaurants, shopping, local businesses, Luverne City Park, and the Rock River. For sale with buyer financing available, it presents an income-focused residential income opportunity in a convenient, walkable setting.
Key Highlights
- Well‑maintained 32‑unit condominium complex in a repurposed historic school building (built in 1925)
- Unit mix includes 1-, 2-, and 3‑bedroom condominiums for broad rental appeal
- Shared amenities include a full‑size gymnasium and a community room
Property Analytics
Current Use
Lease Details
32
Residential units
Multi-tenant
Tenancy
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 - Well-maintained 32-unit condominium complex in a repurposed historic school building with 1–3 bedroom units.
Where is this apartment building located?
The property is located at 109 E Luverne Street #Units 101-336 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: Well‑maintained 32‑unit condominium complex in a repurposed historic school building (built in 1925); Unit mix includes 1-, 2-, and 3‑bedroom condominiums for broad rental appeal; Shared amenities include a full‑size gymnasium and a community room
