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Mixed-Use Building with Restaurant

205 S Main Street, Le Sueur, MN 56058

For Sale
$370,000

Two one-bedroom apartments sit above a ground-floor dining space with commercial kitchen equipment.

Property SizeContact for details
Days on Market451

Property Features for 205 S Main Street

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial, Residential-Multi-Family

Units

Unit Mix 2 x 1BR
Multifamily Units 2

Additional Details

Floor Ground
Road Access Yes
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $2,780

Building Details

Year Built 1900
Year Renovated 2020
Stories 2
Units 3
Listing Agency: Keller Williams Preferred Rlty
Listed By: The Stier-Ruud Home Team
Source: Kerbercastle
Added: Aug 20, 2025 Changed: Nov 12 Last Checked: Nov 13 at 2:17AM

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 Keller Williams Preferred Rlty

Rey
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Investment Insights

Based on property information with market context.

At 205 S Main Street, the property combines a ground-floor restaurant space with two upstairs one-bedroom apartments. The restaurant includes a commercial kitchen outfitted with fryers, a range, refrigeration, prep areas, an ice machine, a malt machine and a deep freezer. Dining-area features include a bar and exposed brick. Both apartments and the restaurant space were remodeled in 2020; apartment features include skylights, while the rear unit also has a den or office area.

The building dates to 1900 and is located in Le Sueur’s historic district. Its zoning is Business/Commercial and Residential-Multi-Family.

Key Highlights

  • Ground‑floor restaurant space with fryers, range, commercial refrigeration, prep areas and specialty equipment
  • Two one‑bedroom apartments on the upper level
  • Restaurant space and both apartments remodeled in 2020

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Speedway Gas Station Luke's Restaurant

Suggested Use

Top Pick Building Supply Dental Office Parking Lot & Garage HVAC Service Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

307
Businesses Nearby

Demographics for 56058, MN

6,066
Population
2,759
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
126.7 sq mi
ZIP Area
48
Density / Sq Mi
$82,500
Median Household Income
$47,619
Median Earnings
$881
Median Rent
$259,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two one-bedroom apartments sit above a ground-floor dining space with commercial kitchen equipment.
Where is this mixed-use property located?
The property is located at 205 S Main Street Le Sueur, MN.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Ground‑floor restaurant space with fryers, range, commercial refrigeration, prep areas and specialty equipment; Two one‑bedroom apartments on the upper level; Restaurant space and both apartments remodeled in 2020
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