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    Lester Prairie, MN
    Quadplex

    Lester Prairie, MN Quadplexes 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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    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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lester Prairie, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    2709 Virginia Avenue N, New Hope, MN 55427

    $550,000
    3,200 sqft 0.34 AC lot

    All four residences are leased, with on-site parking and hot-water heating.

    View details
    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
    Four-Unit Apartment Property
    Four-Unit Apartment Property

    2701 Virginia Avenue N, New Hope, MN 55427

    $550,000
    3,200 sqft 0.32 AC lot

    All four residences are leased, with hot-water heating and on-site parking.

    View details

    Lester Prairie, MN Quadplexes Market Trends and Statistics

    Explore 2 quadplexes 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 four-unit 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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    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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