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518 Central Avenue
Lester Prairie MN 55354 US

$325,000

Active Listing ID 7142810
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7 bed
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5.00 Bath (5 Full)
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Lot: 0.14 Acres
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Apartment

$325,000

Active Listing ID 7142810
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518 Central Avenue 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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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 5
  • Roof Type: Flat, Rubber
  • Heating Fuels: Forced Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Apartment
  • listprice: 325000
  • unparsedaddress: 518 Central Avenue
  • postalcity: Lester Prairie
  • stateorprovince: MN
  • country: US
  • postalcode: 55354
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.137
  • lotsizeunits: Acres
  • lotsizearea: 0.137
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 44.884773
  • longitude: -94.041444
  • listagentfullname: Nick Jenkins
  • listagentemail: 94nickjenkins@gmail.com
  • listagentkey: 3yd-RMLSMN-49469
  • listagentmlsid: 49469
  • listagentpreferredphone: (952) 226-7700
  • listofficekey: 3yd-RMLSMN-5394
  • listofficemlsid: 5394
  • disclaimer: Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1900
  • listingcontractdate: 2026-09-11
  • listagenturl: https://www.therealestateadvantage.com/
  • countyorparish: McLeod
  • parcelnumber: 170501370
  • highschooldistrict: Lester Prairie
  • appliances: Dryer, Range, Refrigerator, Washer
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: On Street
  • roof: Flat, Rubber
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Basement, Bathroom 5, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 1
  • accessibilityfeatures: Accessible Approach with Ramp
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -94.04144, 44.884773
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Advantage Plus", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"94nickjenkins@gmail.com", "ListBrokerageCity":"Savage", "ListBrokerageCountry":"US", "ListBrokerageEmail":"kate.osborn@therealestateadvantage.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/30b31fe199b511dfbad600219b9aa4d8k-c2347060762r.png", "ListBrokerageName":"RE/MAX Advantage Plus", "ListBrokeragePhone":"(952) 226-7700", "ListBrokeragePostalCode":"55378", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"13875 Highway 13 South", "ListBrokerageWebsiteUrl":"https://www.therealestateadvantage.com/", "ListOfficeAddress1":"1251 Town Center Drive ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"5394", "ListOfficeCity":"Eagan", "ListOfficeCountry":"US", "ListOfficeEmail":"eagan@therealestateadvantage.com", "ListOfficePostalCode":"55123", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Lester Prairie, MN", "ListingURL":"https://listings.listhub.net/pages/RMLSMN/7142810/?channel=rexren", "MLSModificationTimestamp":"2026-09-23 15:14:40", "Neighborhoods":[{"Description":null, "Name":"Lester Prairie"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2872, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/24/2026 4:51:15 AM GMT
Source Updated Date: 9/28/2026 6:58:27 PM GMT

Courtesy of: Nick Jenkins, RE/MAX Advantage Plus, 94nickjenkins@gmail.com

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.