109 Luverne St Luverne, MN 56156
- Apartment buildings
- 25,000 SF
- 2.22 lot acres
Current Use by Public Records
- City Centre Apartments / Apartment Building
Property Details for 109 Luverne St
- Year built
- 1925
- Lot size
- 2.22 lot acres
- Property size
- 25,000 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents eight units within the beautifully renovated City Centre Condo building in downtown Luverne, Minnesota. Located on the third floor of a historic school building, this property offers a unique blend of residential and recreational spaces. The eight units comprise a mix of 1.5 and 2-bedroom apartments, all benefiting from elevator access. The building itself boasts a full-size gymnasium, perfect for residents' use, along with a spacious community room ideal for gatherings and events. Shared coin-operated laundry facilities add to the convenience. The property sits on a 2.22-acre lot, providing ample outdoor space. The well-maintained building features attractive yard areas. This prime location places residents within easy reach of Luverne's vibrant city center, including local restaurants, shops, businesses, Luverne City Park, and the Rock River. The total square footage of the eight units is 25,000 square feet. This is a rare chance to acquire a substantial, well-located multi-unit property with strong rental potential in a desirable Minnesota community. The asking price for this exceptional investment is $459,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Luverne
- County
- Rock
- State
- Minnesota
- Longitude
- -96.2088
- Latitude
- 43.6568
