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201 Elm Street N Lester Prairie, MN $ 670,000
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$ 670,000 Get more info
201 Elm Street N
$ 670,000
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Share Save

201 Elm Street N

Lester Prairie, MN, 55354
$ 670,000
Baths0.0 Sq 9,752

Monthly Estimate*

$ 4,680

201 Elm Street N, Lester Prairie, MN 55354 - Image 1
201 Elm Street N, Lester Prairie, MN 55354 - Image 2
201 Elm Street N, Lester Prairie, MN 55354 - Image 3
201 Elm Street N, Lester Prairie, MN 55354 - Image 4
201 Elm Street N, Lester Prairie, MN 55354 - Image 5
Studio

Commercial Property for sale in Lester Prairie, MN

for $670,000. This 9,752 square foot building was built in 1985 on a lot size of 1.

**Offers ONLY from local non-profits & public agencies the first 60 days - after 60 days this opens to regional & national non-profit organizations** Nestled in the heart of Lester Prairie a charming 12-unit apartment building. Its brick façade exudes a timeless appeal, welcoming residents. Within its walls reside ten cozy 1-bedroom units, each adorned with ample space and thoughtful design - basic rent $520. Additionally, two spacious 2-bedroom apartments provide a touch of luxury for those seeking more room to call home - basic rent rate $570. Residents enjoy the convenience of an on-site laundry facility, and a well-appointed community room. USDA Rural Development may provide funding to make this purchase possible. Funding may include 100 percent Rental Assistance and interest credit assistance that reduces the loan notice interest rate to one percent. This institution is an equal opportunity provider. "Equal Housing Opportunity" USDA, Rural Development.

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Commercial Active

Price

$ 670,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,078

Style

Apartment

Lot Size

1

Year Built

1985

Town/City

Lester Prairie

County/Region

McLeod

MLS | Web ID

6462152
Features
General
Sewer City Sewer/Connected
Heating Boiler
Cooling Wall Unit(s)
Utilities Electric Separate Heating Common Hot Water Common
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1985
Tenant Pays Cable TV Electricity
Levels One
Property SubType Apartment
Tax Year 2024
Current Use Residential
Accessibility No Stairs External No Stairs Internal
County McLeod
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Prairie Manor Apartments
Directions I-494 W to MN-5W. Turn right onto Rolling Acres Rd. Turn left onto MN-7 W. Turn left onto Babcock Ave. Turn left onto 1st Ave N. Turn left onto Elm St N. Destination on the left.
City Lester Prairie
Buyer Agent Compensation 1.00
High School District Lester Prairie
Zoning Description Business/Commercial
Total Units 12
Street Name Elm
Land Lease Y/N N
Tax Annual Amount 8078
Additional Parcels Y/N N
Days on Market 122
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Slab
Basement (Y/N) N
Street Suffix Street
Fuel Natural Gas
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Exterior
Parking Features Guest Parking Parking Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 1
Building Area Total 9752
Lot Dimensions irregular
Lot Size Units Acres
Foundation Area 9752
Road Frontage Type City Street Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 201
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* Excluded Features
List By
Exp Realty

Broker

dd@drealtyg.com

Email

Affordability Calculator

$5,353
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,680
Monthly Property Taxes
$673
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3048813 Elementary School
3048673 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/7/2023$670,000 Listed Price

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201 Elm Street N, Lester Prairie, MN, 55354 is a Commercial Property for sale at $670,000 with 9,752 sqft and a lot size of 1. 201 Elm Street N is a studio with 0.0 baths and was built in 1985. The property's zip code is 55354 which is in Lester Prairie, MN

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