Mixed-Use Property with
For Sale
$404,900
196 Main Street W, Elysian, MN 56028
Commercial Sale, Elysian, MN
Property SizeContact for details
Lot Size0.21 Acres
Days on Market110
Property Features for 196 Main Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial, Residential-Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1
Parking features
Driveway
Exterior features
Brick/Stone
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
Amenities
in-unit laundry
private parking
Building Details
Year built
1937
Building materials
Frame
Roof type
Flat, Metal
Listing Agency:
True Real Estate
(507) 345-8783
Listed By:
Michelle Starkey
(507) 345-8783
Added: May 13
Changed: Aug 27
Last Checked: Aug 30 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines two residential apartments with a separate office suite in the main building. The upper-level Unit A includes 2 bedrooms, 1 bath, in-unit laundry, and private parking. Main-level Unit B offers 2 bedrooms, 1.5 baths, a spacious living area, tall ceilings, and a styled kitchen. Unit C is a renovated office with a half bath, laundry hookups, and an independent entrance. The property also includes a 20x48 metal building with power and heat, plus an 18x35 barn offering cold storage.
Built in 1937, the property occupies 0.21 acres at 196 Main Street W in Elysian, Minnesota. Brick/stone exterior materials, frame construction, forced-air heating, central air, and flat and metal roofing are among the recorded building features. The site includes a driveway and is located in downtown Elysian.
Built in 1937, the property occupies 0.21 acres at 196 Main Street W in Elysian, Minnesota. Brick/stone exterior materials, frame construction, forced-air heating, central air, and flat and metal roofing are among the recorded building features. The site includes a driveway and is located in downtown Elysian.
Key Highlights
- Two residential apartments plus a separate renovated office suite
- Unit A: 2‑bedroom, 1‑bath upper‑level apartment with in‑unit laundry
- Unit B: 2‑bedroom, 1.5‑bath main‑level apartment
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments and a renovated office provide multiple occupancy configurations with dedicated parking and supplemental storage buildings.
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 $404,900.
What are key features of this property?
This property features: Two residential apartments plus a separate renovated office suite; Unit A: 2‑bedroom, 1‑bath upper‑level apartment with in‑unit laundry; Unit B: 2‑bedroom, 1.5‑bath main‑level apartment
