Mixed-Use

Lester Prairie, MN Mixed-use Properties for Sale

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New Germany, MN Winsted, MN Norwood Young America, MN Mayer, MN Montrose, MN Glencoe, MN Howard Lake, MN Hamburg, MN
Mixed-Use Building with Commercial Space
Updated: Sep 11
Mixed-Use Building with Commercial Space

518 Central Avenue, Lester Prairie, MN 55354

$304,900
0.14 AC lot
Four apartments are rented
Main‑floor commercial space available for lease or owner occupancy
Street entrance with a ramped, step‑free approach
1900 construction on a 0.137‑acre lot
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Mixed-Use Property with 4 Apartments
Updated: Sep 16
Mixed-Use Property with 4 Apartments

518 Central Ave, Lester Prairie, MN 55354

$325,000
6,288 sqft
Four apartments within a mixed‑use property
Main‑floor commercial space with direct street entrance
Step‑free access to the commercial area
Tenant parking permitted beside the building under contract with a local bank
Additional off‑street parking available
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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Lester Prairie, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Property with Office Suites
Mixed-Use Property with Office Suites

215 N Meridian Street, Belle Plaine, MN 56011

$225,000
0.20 AC lot

Seven office suites and a two-bedroom apartment provide commercial and residential space within the same building.

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Highway Duplex with Heated Garage
Highway Duplex with Heated Garage

208 State Highway 5, Arlington, MN 55307

$159,000
1,853 sqft

Two residential units pair with a finished accessory garage and flexible former storefront configuration.

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Mixed-Use Property with Office Suites
Mixed-Use Property with Office Suites

215 N Meridian Street, Belle Plaine, MN 56011

$225,000

Seven office suites and a two-bedroom apartment provide distinct commercial and residential spaces.

View details
Renovated Mixed-Use Property
Renovated Mixed-Use Property

428 W Main St, Arlington, MN 55307

$175,000

Includes commercial space, basement storage access, and two residential apartments.

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Tillable Commercial Land
Tillable Commercial Land

Hwy 212, Carver, MN 55315

$13,800,000
69.17 AC lot

Land is guided for mixed-use commercial and industrial development with water available.

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Lester Prairie, MN Mixed-Use Properties Market Trends and Statistics

Explore 2 mixed-use properties for sale in Lester Prairie, MN on our real estate platform. These investment opportunities span a total of 6,288 square feet of properties for sale, with an estimated market value of $629,900.

Sale prices for multi use buildings in Lester Prairie, MN start at $304,900, averaging $314,950, and reaching up to $325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 3,089
Population Growth (5Y) +11.0%
Median Household Income $94,950
College Educated 21.7%

High-Yield Neighborhoods for Investment

Identify Lester Prairie submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
55354 $325K

Taxes & Financing

Tax Rate (average for all types) 2.77%
Property Tax per SF $23.81 per SF
Tax Rate vs County Average 0.09 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in McLeod County

New Delisted

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