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    Lester Prairie, MN
    Multifamily

    Lester Prairie, MN Multifamily 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
    View details
    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
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Lester Prairie, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Fourplex Near Lake Minnetonka
    Fourplex Near Lake Minnetonka

    5243 Eden Road, Mound, MN 55364

    $860,000
    8,016 sqft

    Four residential units allow an owner to occupy one and lease the other three.

    View details
    4-Unit Multifamily Property
    4-Unit Multifamily Property

    5271 Eden Road, Mound, MN 55364

    $890,000
    8,016 sqft

    The four-unit configuration allows an owner to occupy one residence while leasing the other three.

    View details
    RV Resort Site with Storage Shed
    RV Resort Site with Storage Shed

    2945 County Road 4 #411 SW, Cokato, MN 55321

    $50,000
    0.07 AC lot

    Gravel RV site with a storage shed, firepit, seasonal water service, and access to resort amenities.

    View details
    Private RV Park Site
    Private RV Park Site

    2945 County Road 4 #432 SW, Cokato, MN 55321

    $55,000
    0.14 AC lot

    RV site near lake recreation with water available.

    View details

    Off-Market Properties in Lester Prairie, MN

    Consider similar Off-Market properties in Lester Prairie, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    900 2nd S Ave
    MOBILE HOME PARK, TRAILER PARK

    900 2nd S Ave, Lester Prairie, MN 55354-7702

    Estimated value:
    $260,000
    5.97 AC lot
    View details
    900 2nd S Ave
    MOBILE HOME PARK, TRAILER PARK

    900 2nd S Ave, Lester Prairie, MN 55354-7702

    Estimated value:
    $320,000
    13.89 AC lot
    View details

    Lester Prairie, MN Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily 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 multifamily properties 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 2

    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

    How Realmo verifies these figures

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