$325,000

518 Central Avenue, Lester Prairie MN, 55354

Price per sqft$51.69

Built in1900

Property size6,288 sqft

Property typeCommercial

Courtesy of RE/MAX Advantage Plus, Nick Jenkins Listing Contact:

Overview

Active

Listed Sep 11, 2026

Updated 8 days ago

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.

Additional information

MLS^® ID: 7142810

Interior Features

Bedrooms: 7
Bathrooms: 5
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.14 Acres

Other Property Details

Taxes: $2,872
Tax Frequency: Annually
Garage: Yes

Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wahlberg & Toohey Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:32 AM UTC on 10/2/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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