Mixed-Use Property with
For Sale
$399,900
196 Main Street W, Elysian, MN 56028
Commercial Sale, Elysian, MN
Property SizeContact for details
Lot Size0.21 Acres
Days on Market157
Property Features for 196 Main Street W
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial, Residential-Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Parking features
Driveway
Patio and Porch features
Deck
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
City Of Elysian
High school district
Waterville-Elysian-Morristown
Directions
From MN Hwy 60 east to Elysian turn left onto NW 3rd Street. Then take a right onto W. Main Street. The property will be located on the left.
Standard status
Active
APN
164100730
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3572
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1937
Building materials
Frame
Roof type
Metal, Flat
Listing Agency:
True Real Estate
(507) 345-8783
Listed By:
Michelle Starkey
(507) 317-6259
Added: May 13
Changed: Oct 9
Last Checked: Oct 16 at 4:06PM
MLS# 7072611
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.
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Investment Insights
Based on property information with market context.
Set on a 0.21-acre parcel in downtown Elysian, this mixed-use property has a main building dating to 1937, with two apartments and a renovated office. The upper apartment offers two bedrooms, one bathroom, in-unit laundry, and private parking. On the main level, the second apartment has two bedrooms and 1.5 bathrooms. The office includes a half bath, laundry hookups, and a separate entrance from Main Street.
Two additional buildings provide further utility: a 20x48 metal structure with power and heat, and an 18x35 barn with cold storage. The property is located at 196 Main Street W in Elysian, Minnesota.
Two additional buildings provide further utility: a 20x48 metal structure with power and heat, and an 18x35 barn with cold storage. The property is located at 196 Main Street W in Elysian, Minnesota.
Key Highlights
- Two apartments and a renovated office in the main building
- Upper apartment has 2 bedrooms, 1 bathroom, in‑unit laundry, and private parking
- Main‑level apartment offers 2 bedrooms and 1.5 bathrooms
Property Analytics
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Current Use
Lease Details
1
Office units
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 56028, MN
1,271
Population
664
Households
1.9
Avg Household Size
50
Median Age
33%
College-Educated
97%
High-School Grad
17.9 sq mi
ZIP Area
71
Density / Sq Mi
$103,542
Median Household Income
$56,615
Median Earnings
$1,093
Median Rent
$357,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The main building contains two apartments and an office with its own Main Street entrance.
Where is this mixed-use property located?
The property is located at 196 Main Street W Elysian, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two apartments and a renovated office in the main building; Upper apartment has 2 bedrooms, 1 bathroom, in‑unit laundry, and private parking; Main‑level apartment offers 2 bedrooms and 1.5 bathrooms
