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518 Central Avenue
Lester Prairie, MN 55354
14 days ago
REDUCED
·
Active
$304,900
7
Beds
5
Baths
2
Garage
1900
Yr. Built
MLS# 7142810
Cumulative Days on Market: 55
· Includes prior listings
· Currently listed since 09/15/26 · Data provided by the MLS.
Property Description
If you are looking to get into commercial real estate this is the perfect entry point. There is plenty of room for growth, multiple income streams, and all for an affordable price. Local bank is ready to help you finance your next investment or reach out for other options! There are 4 apartments, and a main floor commercial space with street entrance no steps and walking ramp There is a contract with the bank to allow tenants to park next to the building otherwise off street parking is available. All residential units rented out with commercial space available with immediate lease option or owner business opportunity.
Property Highlights
Property Type
Commercial Sale
Bedrooms
7
Total Bathrooms
5
Year Built
1900
Cumulative Days on Market
55
Location
City/Township
Lester Prairie
Subdivision
Lester Prairie
County
Mc Leod
Zoning Description
Business/Commercial
Property Details
Price
$304,900
Property Type
Commercial Sale
Building
Levels
Two
Total Area
6,288
Community
Local Schools
School District
Lester Prairie
Interior Features
Bedrooms and Bathrooms
Total Bathrooms
5
Bedrooms
7
Rooms and Basement
Has Basement
Yes
Basement Features
Full, Shared Access, Unfinished
Area and Spaces
Number of Units
5
Appliances
Appliances
Dryer, Range, Refrigerator, Washer
Interior Features
Accessibility Features
Wheelchair Ramp(s)
Heating and Cooling
Heating Features
Forced Air
Building Details
Construction
Year Built
1900
Foundations
Block, Brick/Mortar, Combination
Materials
Roof
Age Over 8 Years, Flat, Rubber
Terms
Terms
Contingency
None
Inclusions
Building, Leases
Cumulative Days on Market
55
Taxes
Tax
Tax (Annual)
$2,872
Heating, Cooling & Utilities
Cooling Features
Window Unit(s)
Utilities
Utilities
Electric Common, Heating Common
Sewer
City Sewer/Connected
Water Source
City Water/Connected
Lot
Lot Size
0.14
Lot Dimensions
50x120
Road Frontage
City Street, Paved Streets, Sidewalks
Exterior Features
Exterior Features
Stone, Stucco, Vinyl
Parking
Garage Capacity
2
Parking Features
On-Street Parking Only, More Parking Onsite for Fee
Listed by RE/MAX Advantage Plus, 651-272-4688
Listing Data last updated 11/05/2026 08:40 am
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Property History
3 days ago
Property information last updated
14 days ago
Date of last price change
51 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 55 days (includes prior listings)
· Currently listed since September 15, 2026. Data provided by the MLS.
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