$550,500
$584,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
514 Main ST E New Prague, MN 56071
1.34 Acres Lot
Key Details
Sold Price $550,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7082202
Sold Date 07/31/26
Year Built 1930
Annual Tax Amount $6,434
Tax Year 2025
Contingent None
Lot Size 1.340 Acres
Lot Dimensions 165x418x75x134x96x276
Property Description
Great investment property. Recently refurbished, 7 units total, include one 3-bedroom, five 1-bedrooms and a studio. Large 2 stall detached garage/workshop w/11 storage units available. All units currently under leases-cash flow is positive. Zoned High-Density Residential (RH1). Good for townhouses and apartments. Conditional use nursing home/assisted living facility. Property is located on high visibility parcel on the main east/west thoroughfare through New Prague. Site provides plenty of parking and has New Prague Park in its back yard.
Location
State MN
County Le Sueur
Zoning Residential-Multi-Family
Rooms
Basement Block, Partial
Interior
Heating Boiler, Forced Air
Cooling Window Unit(s)
Flooring Vinyl, Wood
Fireplace No
Exterior
Parking Features Detached Garage, Gravel, Concrete, Shared Driveway, Parking Lot
Garage Spaces 3.0
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less
Present Use Residential
Building
Lot Description Property Adjoins Public Land, Tree Coverage - Medium
Story Two
Foundation 3370
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District New Prague Area Schools
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