109 Luverne St Luverne, MN 56156
This exceptional 32-unit condominium complex, situated in the heart of Luverne, Minnesota, presents a compelling investment opportunity. Originally a school building, this property has undergone a meticulous transformation into a thriving residential community. The 75,000 square foot building sits on a 2.22-acre lot and offers a diverse range of 1, 2, and 3-bedroom units, catering to a broad spectrum of residents. Residents enjoy convenient access to a full-court gymnasium, perfect for year-round recreation. Community amenities include a spacious outdoor yard ideal for relaxation and gatherings, a dedicated community room for events, and a shared coin-operated laundry facility for added convenience. Elevator access ensures easy movement throughout the building. The property's prime location offers unparalleled convenience, with proximity to a variety of restaurants, shops, businesses, Luverne City Park, and the Rock River. Buyer financing is available, making this an even more attractive proposition. This well-maintained complex represents a rare opportunity to acquire a thriving, established residential property in a desirable location. Don't miss this chance to own a piece of Luverne's vibrant community.
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City Centre Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.