Mixed-Use Property with 4
New
For Sale
$325,000
518 Central Ave, Lester Prairie, MN 55354
Main-floor commercial space offers a step-free entrance directly from the street.
Property Size6,288 SF
Price / SF$51.69
Days on Market7
Property Features for 518 Central Ave
General Information
Standard status
Active
Size
6,288 SF
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
RE/MAX Advantage Plus
Listed By:
Nick Jenkins, Michaelee Jenkins
Source:
Homesminn
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 21 at 11:33AM
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.
This mixed-use property combines four apartments with a commercial area on the main floor. The commercial space has a street-facing entrance without steps, providing direct access from Central Ave. The building was constructed in 1900.
Located at 518 Central Ave in Lester Prairie, Minnesota, the property includes an arrangement allowing tenants to park beside the building under contract with a local bank. Off-street parking is also available.
Located at 518 Central Ave in Lester Prairie, Minnesota, the property includes an arrangement allowing tenants to park beside the building under contract with a local bank. Off-street parking is also available.
Key Highlights
- Four apartments within a mixed‑use property
- Main‑floor commercial space with direct street entrance
- Step‑free access to the commercial area
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 55354, MN
2,868
Population
1,151
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
93%
High-School Grad
32.4 sq mi
ZIP Area
89
Density / Sq Mi
$94,950
Median Household Income
$55,238
Median Earnings
$761
Median Rent
$243,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Main-floor commercial space offers a step-free entrance directly from the street.
Where is this mixed-use property located?
The property is located at 518 Central Ave Lester Prairie, MN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four apartments within a mixed‑use property; Main‑floor commercial space with direct street entrance; Step‑free access to the commercial area
