531 8th Street Lafayette, MN ^$ 114,900

531 8th Street

^$ 114,900

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531 8th Street

Lafayette, MN, 56054

^$ 114,900

Bedrooms-- Baths--

Monthly Estimate*

^$ 794

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Commercial Property for sale in Lafayette, MN

for $114,900. This building was built in 1900 on a lot size of 0.096.

Commercial Active

Price

^$ 114,900

Property Type

Commercial

Taxes

^$ 1,466

Style

Lot Size

0.096

Year Built

1900

Town/City

Lafayette

County/Region

Nicollet

MLS | Web ID

7060892

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Separate

Garage Spaces 0

Year Built 1900

Tax Year 2025

Current Use Commercial

Accessibility None

County Nicollet

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Original

Directions Corner of Main and 8th St

City Lafayette

High School District New Ulm

Zoning Description Business/Commercial

Number Of Units Total 1

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 1466

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Exterior

Parking Features Parking Lot

Water Source City Water/Connected

Inclusions Business

Lot Size Area 0.096

Lot Dimensions 30x140

Waterfront Y/N N

Foundation Area 2640

Interior

Basement (Y/N) N

Fuel Natural Gas

Internal Only

Street Number 1 531

* Excluded Features

List By

Mages Land Co & Auction

Broker

mattm@magesland.com

Affordability Calculator

$916

Per Month

Monthly Principal & Interest: $794
Monthly Property Taxes: $122
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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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Nearby

Trends
Schools

Commerical listings in Lafayette, MN

Average List Price ^$114,900

Percent of Sale Price 0%

About Lafayette, MN

472 Population

-8% Since 2002

^$67,632 Median Income

41.12 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048466 Elementary School

3048530 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/2/2026	$114,900	-4.17%	Price Down
5/21/2026	$119,900	-7.70%	Price Down
4/23/2026	$129,900		Listed Price

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531 8th Street, Lafayette, MN, 56054 is a Commercial Property for sale at $114,900 with a lot size of 0.096. 531 8th Street was built in 1900. The property's zip code is 56054 which is in Lafayette, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/18/2026.

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531 8th Street

Commercial Property for sale in Lafayette, MN

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