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Luverne, MN

Residential Income

Luverne, MN Residential Income Properties for Sale

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Beaver Creek, MN Kenneth, MN Hills, MN

Newly Remodeled Office Building

Updated: Mar 2

Newly Remodeled Office Building

212 Main St, Luverne, MN 56156

$285,000

7,300 sqft · 0.16 AC lot

Newly remodeled office building with custom‑made desks, shelves, and cabinetry, plus a brake room in the lower level
Lower level includes two large storage rooms
Upper level has 2 apartments with some remodeling needed to add extra income
Rear parking includes handicap parking
Construction materials include frame, masonry, and metal siding; roof is rubber

New Multifamily Property with Amenities

Updated: Feb 9

New Multifamily Property with Amenities

120 W Hatting St, Luverne, MN 56156

$7,000,000

Assumable HUD Loan: $5,360,000 at 5.46% with a 35‑year term.
Newly Constructed in 2023: Benefit from modern construction and design.
Energy Efficient Design: Built to EnergyStar, Indoor AirPlus, and Zero Energy Ready Home Standards.
In‑Suite Washer/Dryer: Provides convenience for tenants.
EV Charging Stations: Appeals to electric vehicle owners.

City Centre Condominium Complex

City Centre Condominium Complex

109 E Luverne Street Units 101-336, Luverne, MN 56156

$1,750,000

75,000 sqft · 2.22 AC lot

32-unit complex in Luverne, featuring a full gymnasium.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 3 Active listings in Luverne, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 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 Building with Hair Salon

Mixed-Use Building with Hair Salon

524 N Main Ave, Garretson, SD 57030

$113,999

1,414 sqft · 0.08 AC lot

Two-story mixed-use property combining a leased hair salon with an upstairs 2-bedroom apartment.

Historic Multifamily Building For Sale

Historic Multifamily Building For Sale

529 North Main Avenue, Garretson, SD 57030

$429,000

4,800 sqft

Multifamily property with main-floor space and on-site parking.

Townhome-Style Multifamily Community

Townhome-Style Multifamily Community

4601 East 3rd Street, Sioux Falls, SD 57110

$5,100,000

Two-story rental community with private entrances, eat-in kitchens, patios or yards, and detached single-stall garages.

Large Multifamily Community in Sioux Falls

Large Multifamily Community in Sioux Falls

4213 E 12th St, Sioux Falls, SD 57103

$31,000,000

240,986 sqft

248-unit apartment complex in established residential area.

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.

Residential Land Near Luverne, MN

Residential Land Near Luverne, MN

1107 PRAIRIE SMOKE Trl lot: 4, Luverne, MN 56156

$129,000

1.56 AC lot

Residential land near town and bike trail in Luverne, MN.

Residential Land Near Luverne, MN

Residential Land Near Luverne, MN

1104 PRAIRIE SMOKE Trl lot: 8, Luverne, MN 56156

$59,000

1.03 AC lot

Residential land offers country feel, close to town amenities.

Residential Land Near Walking Trail

Residential Land Near Walking Trail

1103 Prairie Smoke Trl lot: 2, Luverne, MN 56156

$79,000

1.07 AC lot

Residential land near town and walking trail in Luverne.

Residential Land Near Luverne, MN

Residential Land Near Luverne, MN

1449 WILD ROSE Trl lot: 4, Luverne, MN 56156

$129,000

1.57 AC lot

Residential land with country feel, close to town amenities.

Off-Market Properties in Luverne, MN

Consider similar Off-Market properties in Luverne, 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.

Multifamily properties

109 Luverne St, Luverne, MN 56156

Value Estimation by Request

75,000 sqft · 2.22 AC lot

Residential income properties

109 Luverne St, Luverne, MN 56156

Value Estimation by Request

75,000 sqft · 2.22 AC lot

Residential income properties

120 Hatting St, Luverne, MN 56156

Value Estimation by Request

54,000 sqft · 2.53 AC lot

Residential income properties

109 Luverne St, Luverne, MN 56156

Value Estimation by Request

25,000 sqft · 2.22 AC lot

Multifamily properties

109 Luverne St, Luverne, MN 56156

Value Estimation by Request

25,000 sqft · 2.22 AC lot

MOBILE HOME PARK, TRAILER PARK

Meade Ct, Luverne, MN 56156

Value Estimation by Request

MOBILE HOME PARK, TRAILER PARK

Meade Ct, Luverne, MN 56156

Value Estimation by Request

Luverne, MN Residential Income Properties Market Trends and Statistics

Explore 10 residential income properties for sale in Luverne, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 82,300 square feet of properties for sale, with an estimated market value of $2,035,000.

Sale prices for residential income properties in Luverne, MN start at $285,000, averaging $1,017,500, and reaching up to $1,750,000 — 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

Demographics Overview

Population 6,398

Population Growth (5Y) +10.1%

Median Household Income $75,234

College Educated 36.5%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
56156	$3M

Taxes & Financing

Tax Rate (average for all types) 1.88%

Property Tax per SF $13.51 per SF

Tax Rate vs County Average 0.02 pp above county avg

Average Loan-to-Value 65.0%

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