About This Home

This 7-bedroom, 5-bathroom commercial at 518 Central Avenue in Lester Prairie, MN is listed for $304,900. Built in 1900, on a 0.14 acres lot.

Key Features

  • Built in 1900
  • 0.14 acre lot

Property Details

5 full
2-car garage
1900
Listing Description

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 or reach out for other options!

There are 4 apartments, and a main floor commercial space with street entrance no steps and walking ramp 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.

Monthly Cost Estimate

$1,631/mo

20% down · 6.5% · 30 years

Principal$221
Interest$1,321
Insurance$89

Estimates only. Actual payments may vary.

Location

518 Central Avenue

Lester Prairie, MN 55354

Property Details

Parking

On Street

Heating

Forced Air

Appliances

DryerRangeRefrigeratorWasher

Questions & Answers

This 7-bedroom, 5-bathroom commercial at 518 Central Avenue is listed at $304,900. The estimated monthly payment is $1,631 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.14 acre lot.

This property is listed by Nick Jenkins.

NJ

Nick Jenkins

Agent at RE/MAX Advantage Plus

Listed by RE/MAX Advantage Plus · Broker phone: (952) 226-7700 · Broker website

MLS# 7142810· Source: Northstar MLS· 48 days on PropertySimple

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.

518 Central Avenue, Lester Prairie, MN 55354

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