$584,900
514 Main Street E New Prague, MN 56071
Active Contingent MLS# 7082202
4,500 sq ft Commercial
Details for 514 Main Street E
MLS# 7082202
Description for 514 Main Street E, New Prague, MN, 56071
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.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active Contingent-Subject to Financing
Lot Size: 1.34 Acres
Square Feet: 4,500 sq ft
Year Built: 1930
Foundation: 3,370 sq ft
Garage: Yes
Stories: 2 Stories
Number Of Units Total: 7
Current Use: Residential
County: Le Sueur
Days On Market: 52
Construction Status: Previously Owned
School Information
District: 721 - New Prague Area Schools
Interior Features
Flooring: Vinyl/Linoleum,Wood
Basement: Concrete Block, Partial
Utilities
Water: City Water - In Street
Sewer: City Sewer - In Street
Other Utilities: Electric Separate,Heating Common,Hot Water Common
Cooling: Window
Heating: Forced Air, Natural Gas, Boiler
Exterior / Lot Features
Garage Spaces: 3
Open Parking: 10
Parking Description: Parking Lot, Detached Garage, Driveway - Concrete, Driveway - Gravel, Driveway - Shared, Garage Dimensions - 26 x 50, Garage Door Height - 8, Garage Sq Ft - 1300.
Exterior: Vinyl
Roof: Age 8 Years or Less
Lot Dimensions: 165x418x75x134x96x276
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Tree Coverage - Medium, Property Adjoins Public Land, Land Inclusions - Rental License
Out Buildings: Out Buildings
Driving Directions
Main Street New Prague to 514 Main, house on south side of street
Financial Considerations
Tenant Pays: Electric
Owner Pays: Fuel,Gas,Heat,Hot Water,Maintenance/Repair
Gross Income: 85520
Expense: 36222
Tax/Property ID: 230032540
Tax Amount: 6434
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Metro Group Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 514 Main Street E
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 514 Main Street E
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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