Investment Meets Function: Multi-Building Property with Income Potential

 503 Lake St S, Long Prairie, MN 56347 -- $149,900

Discover the potential of this 1.28-acre mixed-use property (Residential/C2) featuring multiple outbuildings—ideal for storage, hobby use, small business needs, or investment opportunities.

Cement Block Garage (40x50):

• A substantial structure currently divided into two sections with an insulated wall.
• This building offers electricity, two 10x10 insulated garage doors with openers, a separate service door, an overhead hoist, and durable I-beam support throughout the roof.
• The rubber roof was replaced in 2019 and upgraded with 8 inches of Styrofoam insulation.
• The building includes two hanging furnaces (not currently hooked up).
• Exterior walls are full cement with a wood ceiling. Estimated construction era: late 1960s–early 1970s.

Adjacent Garage (16x26) :

• Estimated late 1960s build with new shingles in 2025.
• Features vinyl siding and a tar floor. No electricity, water, or heat.

Little Storage Shed (16x20 + 4x6 entry):

• Approx. 320 sq ft plus a 24 sq ft entry. Built around 1960 with new shingles in 2025, wood siding, block foundation, and a wood floor. No utilities.

Additional Garage (18x20):

• 360 sq ft with one garage door, shingled in 2025, and currently rented for $55/month.
• Wood siding, no utilities, and interior has broken cement.
• Estimated late-1960s construction.

Note: The small utility shed does not stay with the property.

This versatile property offers ample space, multiple buildings, and flexible mixed-use zoning—an excellent opportunity for buyers seeking functionality and room to expand. Contact Michelle Carstensen with Re/Max Results at 651-226-2590 to set up your showing today!