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$1,750,000

0 Beds 0 Baths 75,000 SQFT 2.22 Acres
Type: Commercial

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

MLS#: 7104049
Jason Walgrave
Jason Walgrave
The Real Estate Advantage
Agent
Phone: 612.419.9425
Office: 952.226.7700
Presented by: RE/MAX Advantage Plus

Property Description

 

A rare investment opportunity in the heart of Luverne! City Centre is a well-maintained 32-unit condominium complex housed in a beautifully repurposed historic school building, offering a unique blend of character and modern living. Residents enjoy shared amenities including a full-size gymnasium, community room, spacious outdoor green space, coin-operated laundry, and elevator access. The complex offers a mix of 1, 2, and 3-bedroom units, creating broad rental appeal. Ideally located within walking distance of restaurants, shopping, local businesses, Luverne City Park, and the Rock River, this property is positioned for convenience and long-term value. Buyer financing is available, making this a standout investment opportunity.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelElectric
Garage Square Feet0

General

AccessibilityAccessible Elevator Installed, Hallways 42 +, Wheelchair Ramp(s)
Additional Parcels Y/NNo
Amenities UnitCeiling Fan(s), Indoor Sprinklers, Main Floor Primary Bedroom
AppliancesDishwasher, Range, Refrigerator, Stainless Steel Appliances
CityLuverne
ContingencyNone
CoolingCentral Air
CountyRock
Current UseResidential
DirectionsFrom Main and 75 North to Luverne St -East to Property
Garage Spaces0
Gross Income332040
HeatingBaseboard
High School DistrictLuverne
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
Net Operating Income181110
New ConstructionNo
Number Of Units Total32
Operating Expense150930
OwnerPaysGrounds Care, Repairs, Snow Removal
Pool FeaturesNone
Possible UseOther
PostalCityLuverne
Property TypeCommercial Sale
RoofFlat, Rubber, Tar/Gravel
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCity Center Condo Inc Cic #13
Tax Annual Amount$16,266
Tax Year2025
Tenant PaysBroadband, Electricity
Unit Number0
UtilitiesElectric Separate, Heating Separate
Year Built1925
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total75,000 sqft
Foundation Area25,000 sqft
InclusionsBuilding, Fixture/Equipment
Lot Dimensions339x284x339x284
Lot FeaturesCorner Lot, Tree Coverage - Light
Lot Size Area2 sqft
Parking FeaturesParking Lot, Paved Lot
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
High School N/A
Middle School N/A

  

Similar Properties

$1,750,000

0 Beds 0 Baths 75,000 SQFT 2.22 Acres
Type: Commercial

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

MLS#: 7104049
Jason Walgrave
Jason Walgrave
The Real Estate Advantage
Agent
Phone: 612.419.9425
Office: 952.226.7700