196 Main Street W, Elysian, MN 56028 (MLS# 7072611)

196 Main Street W, Elysian, MN 56028

$404,900
Property Type: Commercial Bedrooms: 4 Baths: 4 Lot Size (sq. ft.): 9,148 Status: Active
Current Price: $404,900 List Date: 5/15/2026 Last Modified: 8/27/2026

Overview

Description

Excellent opportunity to own a versatile investment property situated along quaint Main Street in Downtown Elysian. This uniqueproperty offers the potential for several income-producing options, including a commercial space, two residential rental units, a shed/shop building and asmaller scale barn. The upper level (Unit A) of the main structure features a beautiful 2-bedroom, 1-bath apartment complete with in-unit laundry andprivate parking. Unit C has been fully renovated into an attractive office space complete with a half bath, laundry hookups, and its own private MainStreet entrance. Unit B is a executively polished 2-bedroom, 1.5-bath main level apartment. It boasts generous ceiling height, a large spacious livingarea and superior style kitchen. Additional highlights contain two spacious outbuildings, including a 20x48 metal building (with power and heat) and an18x35 barn with cold storage. This is not your average income generating property! Pairing all the charm and character t ...

Listing Details MLS# 7072611

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1937
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
2535
For Sale or Lease
For Sale
Acres
0.21
Lot Dimensions
00x00
Assessment Pending
Unknown

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Washer/Dryer Hookup Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer CMU Style: Apartments and Retail; Mixed Use Construction Materials: Frame Construction Status: Previously Owned Current Use: Commercial; Residential Exterior: Brick/Stone Flooring: Luxury Vinyl Plank Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; FHA; VA Lock Box Type: Supra On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Gravel Lot Rent Rate per Foot: Per Month Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Flat; Metal Sewer: City Sewer/Connected Stories: Two Wall Description: Drywall Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
404900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
196
Street Name
Main
Street Suffix
Street
Street Direction Suffix
W
Postal City
Elysian
County
Le Sueur
State
MN
Zip Code
56028
Complex/Dev/Subdivision
City Of Elysian

Assessments

Tax With Assessments
3572

Building Information

Building Finished SqFt
3525

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Unit A
Monthly Rent
1700
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
6
Level
2nd Level
Unit Total SqFt
1900
Leased?
Yes
Lease Expiration Date
2026-06-30

Unit 2

No. of 2 Bedroom Units
2
Full Baths
Yes
Half Baths
Yes
Lease Expiration Date
2026-05-14
Leased?
Yes
Level
Main Level
Monthly Rent
1650
Total Bathrooms
2
Total Bedrooms
2
Total Rooms
6
Unit Number
Unit B
Unit Total SqFt
1200

Unit 3

Half Baths
Yes
Leased?
No
Level
Main Level
Monthly Rent
615
Total Bathrooms
Yes
Total Rooms
3
Unit Number
Unit C
Unit Total SqFt
500

Unit Details

Total Units
3
IDX
Listing Office: True Real Estate
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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