32-Unit Historic Apartment
For Sale
$1,750,000
109 E Luverne Street Units 101-336, Luverne, MN 56156
Repurposed historic school building with varied unit layouts and shared resident amenities.
Property Size75,000 SF
Price / SF$23.33
Days on Market11
Property Features for 109 E Luverne Street Units 101-336
General Information
Standard status
Active
Size
75,000 SF
Elevators
Yes
Additional Details
Multifamily Units
32
Amenities
full-size gymnasium
community room
spacious outdoor green space
coin-operated laundry
Building Details
Year Built
1925
Listing Agency:
RE/MAX Advantage Plus
(612) 419-9425
Listed By:
Jason Walgrave · License #MN 20359201
Source:
Homesminn
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 11:24PM
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.
The property is a 32-unit condominium complex occupying a 75,000-square-foot historic school building constructed in 1925. The interior includes a mix of one-, two-, and three-bedroom residences, along with an elevator, coin-operated laundry, full-size gymnasium, community room, and shared outdoor green space.
Located at 109 E Luverne Street in Luverne, Minnesota, the complex is within walking distance of restaurants, shopping, local businesses, Luverne City Park, and the Rock River. The combination of multiple residential layouts and common-use facilities creates a varied multifamily configuration within a distinctive repurposed building.
Located at 109 E Luverne Street in Luverne, Minnesota, the complex is within walking distance of restaurants, shopping, local businesses, Luverne City Park, and the Rock River. The combination of multiple residential layouts and common-use facilities creates a varied multifamily configuration within a distinctive repurposed building.
Key Highlights
- 32‑unit condominium complex in a historic school building
- 75,000‑square‑foot property constructed in 1925
- Mix of 1-, 2-, and 3‑bedroom units
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Repurposed historic school building with varied unit layouts and shared resident amenities.
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: 32‑unit condominium complex in a historic school building; 75,000‑square‑foot property constructed in 1925; Mix of 1-, 2-, and 3‑bedroom units
