109 E Luverne St - City Centre Apartments Units 329-336 25,000 SF Retail Unit Offered at £345,985 in Luverne, MN 56156
INVESTMENT HIGHLIGHTS
- Unique renovated school building
- Shared laundry, basketball court & community room
- Updated units
PROPERTY FACTS
| Price | £345,985 |
| Unit Size | 25,000 SF |
| No. Units | 1 |
| Total Building Size | 25,000 SF |
| Property Type | Multifamily (Unit) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | C |
| Number of Floors | 1 |
| Typical Floor Size | 25,000 SF |
| Year Built | 1925 |
| Lot Size | 2.21 AC |
| Parking Ratio | 2.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | D - Downtown |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Storage Space
- Kitchen
- Fridge
- Oven
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Basketball Court
- Lift
- Multi Use Room
1 UNIT AVAILABLE
Unit 329-336
| Unit Size | 25,000 SF |
| Price | £345,985 |
| Price Per SF | £13.84 |
| Unit Use | Retail |
| Sale Type | Investment |
DESCRIPTION
Don’t miss this prime investment opportunity to own within the City Centre Condo building, located in the heart of Luverne! This offering includes 8 units on the 3rd floor of the beautifully renovated historic school building, featuring unique residential spaces and a full-size gymnasium for recreation. The well-maintained property boasts spacious yard areas, a community room for events and gatherings, shared coin laundry, and elevator access to all upper floors. The units include a mix of 1.5 & 2-bedrooms. Ideally situated near local restaurants, shops, businesses, Luverne City Park, and the Rock River.
SALE NOTES
Don’t miss this prime investment opportunity to own within the City Centre Condo building, located in the heart of Luverne! This offering includes 8 units on the 3rd floor of the beautifully renovated historic school building, featuring unique residential spaces and a full-size gymnasium for recreation. The well-maintained property boasts spacious yard areas, a community room for events and gatherings, shared coin laundry, and elevator access to all upper floors. The units include a mix of 1.5 & 2-bedrooms. Ideally situated near local restaurants, shops, businesses, Luverne City Park, and the Rock River.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 500 - 650 |
| 2+1 | 27 | - | 744 - 820 |
| 3+1 | 3 | - | 1,000 - 1,019 |
