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Mixed-Use Property with Restaurant
For Sale
$370,000

205 S Main Street, Le Sueur, MN 56058

Commercial Sale, Le Sueur, MN

Property SizeContact for details
Lot Size0.04 Acres
Days on Market422

Property Features for 205 S Main Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial, Residential-Multi-Family
Rooms Basement
Parking features On Street
Window features Skylight(s), ENERGY STAR Qualified WIndows, Insulated Windows
Accessibility Accessible Approach with Ramp
Appliances Water Heater - Electric, Range, Refrigerator
Subdivision Town Of Le Sueur
High school district LeSueur-Henderson
Directions S Main St next to Wise furniture and Le Sueur theatre
Standard status Active
APN 218002760
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2781

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Building materials Brick, Stone
Roof type Flat, Rubber
Listing Agency: Keller Williams Preferred Rlty · Keller Williams Realty
Listed By: The Stier-Ruud Home Team
Added: Aug 14, 2025 Changed: Oct 8 Last Checked: Oct 9 at 3:06PM
MLS# 6770424

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 building combines a street-level restaurant with two one-bedroom apartments above. The restaurant and both apartments were renovated in 2020. Its food-service equipment includes fryers, a range, commercial freezer and refrigerator, prep areas, an ice machine, malt machine, and deep freezer. The dining area has updated flooring and bathrooms, upholstered seating, tables, a bar, and an exposed brick wall.

The upper apartments each have skylights and distinctive architectural details. The street-facing unit features high ceilings, laminate flooring, updated counters and windows, and a remodeled kitchen with a walk-in pantry. The rear unit includes a den or office area. The property occupies a 0.04-acre lot at 205 S Main Street in Le Sueur, Minnesota.

Key Highlights

  • Street‑level restaurant space with two one‑bedroom apartments upstairs
  • Restaurant and apartments renovated in 2020
  • Restaurant equipment includes fryers, range, commercial freezer and refrigerator, prep areas, ice machine, malt machine, and deep freezer

Property Analytics

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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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two updated one-bedroom apartments occupy the upper level above a fully equipped dining space.
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: Street‑level restaurant space with two one‑bedroom apartments upstairs; Restaurant and apartments renovated in 2020; Restaurant equipment includes fryers, range, commercial freezer and refrigerator, prep areas, ice machine, malt machine, and deep freezer
More about this property
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