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518 Central Avenue Lester Prairie, MN $ 325,000
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$ 325,000 Get more info
518 Central Avenue
$ 325,000
Back to search
Share Save

518 Central Avenue

Lester Prairie, MN, 55354
$ 325,000
Bedrooms7 Baths5.0 Sq 6,288

Monthly Estimate*

$ 2,245

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Commercial Property for sale in Lester Prairie, MN

for $325,000 with 7 bedrooms and 5 full baths. This 6,288 square foot building was built in 1900 on a lot size of 0.137.

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! There is 4 apartments, and a main floor commercial space with street entrance with no steps. 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.

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Commercial Active

Price

$ 325,000

Bedrooms

7

Full Bath

5

Property Type

Commercial

Taxes

$ 2,872

Style

Lot Size

0.137

Year Built

1900

Town/City

Lester Prairie

County/Region

McLeod

MLS | Web ID

7142810
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Window Unit(s)
Utilities Electric Common Heating Common
Roof Age Over 8 Years Flat Rubber
Appliances Dryer Range Refrigerator Washer
Garage Spaces 2
Year Built 1900
Levels Two
Tax Year 2026
Current Use Commercial
Accessibility Wheelchair Ramp(s)
County McLeod
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Lester Prairie
Possible Use Office Professional Service Retail Income
Directions Located 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.
City Lester Prairie
High School District Lester Prairie
Zoning Description Business/Commercial
Number Of Units Total 5
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2872
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Full Shared Access Unfinished
Basement (Y/N) Y
Total Bedrooms 7
Total Baths 5
Fuel Natural Gas
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Exterior
Parking Features On-Street Parking Only More Parking Onsite for Fee
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.137
Building Area Total 6288
Lot Dimensions 50x120
Waterfront Y/N N
Foundation Area 4970
Road Frontage Type City Street Paved Streets Sidewalks
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Internal Only
Street Number 1 518
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* Excluded Features
List By
Re/Max Advantage Plus

Broker

94nickjenkins@gmail.com

Email

Affordability Calculator

$2,484
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,245
Monthly Property Taxes
$239
Monthly 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
3048813 Elementary School
3048673 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/11/2026$325,000 Listed Price

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518 Central Avenue, Lester Prairie, MN, 55354 is a Commercial Property for sale at $325,000 with 6,288 sqft and a lot size of 0.137. 518 Central Avenue has 7 bedrooms, 5.0 baths, and was built in 1900. The property's zip code is 55354 which is in Lester Prairie, MN

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