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.
Great Opportunity Downtown Luverne! Are you in the market to start, expand or move your business? If so, look no further, this 1,600+/- finished sq. ft. building could be the perfect place! Nestled right on Main Street you will have great visibility to the public! This building has off-street parking and an awesome open floor plan ready for all your ideas! Be sure to check it out!
Discover the City Centre condominium complex, a prime 33-unit complex in the vibrant heart of Luverne! Once an original school building, this property has been masterfully transformed into distinctive residential units, complete with a full court gymnasium for recreation year-round. The well-maintained building features a spacious outdoor yard, a community room for events and gatherings, a shared coin laundry room and elevator access to upper floors. Offering a variety of 1, 2, and 3-bedroom units, this property is an attractive investment. Buyer financing is available. Located conveniently near restaurants, shops, businesses, Luverne City Park and the Rock River, this is an opportunity you don’t want to miss!
In 2022, Luverne, Minnesota welcomed two award-winning energy-efficient apartment buildings, each comprising 27 units. These pioneering structures are designed to meet the highest environmental standards, focusing on sustainability and energy efficiency. Both buildings are recognized by the Dept of Energy as an industry leader. Featuring advanced insulation materials, triple-glazed windows, and efficient HVAC systems. The buildings minimize energy loss and operational costs while ensuring comfort for residents year-round. Each unit is equipped with energy-efficient appliances and fixtures, contributing to their overall sustainability. Designed with a modern look that complements Luverne's architectural landscape, these apartments promote a healthy living environment with ample natural light and ventilation. Landscaped green spaces encourage community interaction and outdoor activities, fostering a strong sense of community among residents.
The median home value in Luverne, MN is $207,400. This is higher than the county median home value of $200,900. The national median home value is $338,100. The average price of homes sold in Luverne, MN is $207,400. Approximately 67.84% of Luverne homes are owned, compared to 25.46% rented, while 6.71% are vacant. Luverne real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Luverne real estate agent to arrange a tour today!
Luverne, Minnesota has a population of 4,929. Luverne is less family-centric than the surrounding county with 30.22% of the households containing married families with children. The county average for households married with children is 33.68%.
The median household income in Luverne, Minnesota is $65,043. The median household income for the surrounding county is $68,638 compared to the national median of $69,021. The median age of people living in Luverne is 37.8 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 6.1 degrees. The average rainfall is approximately 28.7 inches per year, with 39.7 inches of snow per year.