109 E Luverne Street # Units 101-336 Luverne, MN ^$ 1,750,000

109 E Luverne Street # Units 101-336

^$ 1,750,000

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109 E Luverne Street # Units 101-336

Luverne, MN, 56156

^$ 1,750,000

Bedrooms-- Baths-- Sq 75,000

Monthly Estimate*

^$ 12,087

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Commercial Property for sale in Luverne, MN

for $1,750,000. This 75,000 square foot building was built in 1925 on a lot size of 2.217.

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.

Commercial Active

Price

^$ 1,750,000

Property Type

Commercial

Taxes

^$ 16,266

Style

Lot Size

2.217

Year Built

1925

Town/City

Luverne

County/Region

Rock

MLS | Web ID

7104049

Features

General

Sewer City Sewer/Connected

Heating Baseboard

Cooling Central Air

Utilities Electric Separate Heating Separate

Roof Flat Rubber Tar/Gravel

Appliances Dishwasher Range Refrigerator Stainless Steel Appliances

Garage Spaces 0

Pool Features None

Year Built 1925

Tenant Pays Broadband Electricity

Levels Three Or More

Unit Number Units 101-336

Tax Year 2025

Current Use Residential

Gross Income 332040

Accessibility Accessible Elevator Installed Hallways 42 + Wheelchair Ramp(s)

County Rock

Net Operating Income 181110

Operating Expense 150930

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name City Center Condo Inc Cic #13

Possible Use Other

Directions From Main and 75 North to Luverne St -East to Property

City Luverne

High School District Luverne

Zoning Description Residential-Multi-Family

Number Of Units Total 32

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 16266

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Amenities Unit Ceiling Fan(s) Indoor Sprinklers Main Floor Primary Bedroom

Exterior

Parking Features Parking Lot Paved Lot

Lot Features Corner Lot Tree Coverage - Light

Water Source City Water/Connected

Inclusions Building Fixture/Equipment

Lot Size Area 2.217

Building Area Total 75000

Lot Dimensions 339x284x339x284

Waterfront Y/N N

Foundation Area 25000

Road Frontage Type City Street Curbs Paved Streets Sidewalks Street Lights

Road Responsibility Public Maintained Road

Interior

Basement (Y/N) N

Fuel Electric

Garage Square Feet 0

Internal Only

Street Number 1 109

* Excluded Features

List By

Re/Max Advantage Plus

Broker

jason@walgrave.com

Affordability Calculator

$13,442

Per Month

Monthly Principal & Interest: $12,087
Monthly Property Taxes: $1,356
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 Luverne, MN

Average List Price ^$957,500

Percent of Sale Price 45%

About Luverne, MN

4,715 Population

2% Since 2002

^$51,809 Median Income

41.78 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048353 Elementary School

3048775 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/6/2026	$1,750,000		Listed Price

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109 E Luverne Street # Units 101-336, Luverne, MN, 56156 is a Commercial Property for sale at $1,750,000 with 75,000 sqft and a lot size of 2.217. 109 E Luverne Street # Units 101-336 was built in 1925. The property's zip code is 56156 which is in Luverne, 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 10/16/2026.

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109 E Luverne Street # Units 101-336

Commercial Property for sale in Luverne, MN

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