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$304,900

7 Beds 5 Baths 6,288 SQFT 0.14 Acres
Type: Commercial

518 Central Avenue
Lester Prairie, MN 55354

MLS#: 7142810
Nick Jenkins
Nick Jenkins
The Real Estate Advantage
Agent
Phone: 952.288.7576
Office: 651.272.4688
Michaelee Jenkins
Michaelee Jenkins
The Real Estate Advantage
Broker Associate | REALTOR® | Team Jenkins | REMAX Advantage Plus
Phone: 952.992.9299
Office: 651.272.4688
Presented by: RE/MAX Advantage Plus

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.

 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths5

Other Interior Features

BasementFull, Shared Access, Unfinished
Basement (Y/N)Yes
FuelNatural Gas

General

AccessibilityWheelchair Ramp(s)
Additional Parcels Y/NNo
AppliancesDryer, Range, Refrigerator, Washer
CityLester Prairie
ContingencyNone
CoolingWindow Unit(s)
CountyMcLeod
Current UseCommercial
DirectionsLocated 50 minutes West of the Metro, just South of Highway 7, located across the street from the central Square Park off Central Ave in Lester Prairie.
Garage Spaces2
HeatingForced Air
High School DistrictLester Prairie
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total5
Possible UseOffice, Professional Service, Retail, Income
PostalCityLester Prairie
Property TypeCommercial Sale
RoofAge Over 8 Years, Flat, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameLester Prairie
Tax Annual Amount$2,872
Tax Year2026
UtilitiesElectric Common, Heating Common
Year Built1900
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total6,288 sqft
Foundation Area4,970 sqft
InclusionsBuilding, Leases
Lot Dimensions50x120
Lot Size Area0 sqft
Parking FeaturesOn-Street Parking Only, More Parking Onsite for Fee
Road Frontage TypeCity Street, Paved Streets, Sidewalks
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$304,900

7 Beds 5 Baths 6,288 SQFT 0.14 Acres
Type: Commercial

518 Central Avenue
Lester Prairie, MN 55354

MLS#: 7142810
Nick Jenkins
Nick Jenkins
The Real Estate Advantage
Agent
Phone: 952.288.7576
Office: 651.272.4688
Michaelee Jenkins
Michaelee Jenkins
The Real Estate Advantage
Broker Associate | REALTOR® | Team Jenkins | REMAX Advantage Plus
Phone: 952.992.9299
Office: 651.272.4688

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