514 Main Street E, New Prague, MN 56071
New Listing
$584,900
Property Type:
Commercial
Lot Size (sq. ft.):
58,370
Status:
Active
Current Price:
$584,900
List Date:
5/28/2026
Last Modified:
5/28/2026
Overview
Description
Listing Details MLS# 7082202
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 10
- Owner Occupied
- No
- Waterfront Present
- No
- Year Built
- 1930
- Yearly/Seasonal
- Yearly
- Zoning
- Residential-Multi-Family
- Foundation Size
- 3370
- Garage Stalls
- 3
- For Sale or Lease
- For Sale
- Acres
- 1.34
- Lot Dimensions
- 165x418x75x134x96x276
- Assessment Pending
- No
Property Features
Accessible:
None
Air Conditioning:
Window Unit(s)
Basement:
Concrete Block; Partial
CMU Style:
Apartments/Multi Family
Construction Materials:
Frame
Construction Status:
Previously Owned
Current Use:
Residential
Exterior:
Vinyl
Flooring:
Vinyl/Linoleum; Wood
Foundation:
Concrete Block
Fuel:
Natural Gas
Heating:
Boiler; Forced Air
Lot Description:
Property Adjoins Public Land; Tree Coverage - Medium
Miscellaneous Information:
Out Buildings
On Site Utilities:
Electric Separate; Heating Common; Hot Water Common
Owner Pays:
Fuel; Gas; Heat; Hot Water; Maintenance/Repair
Parking Characteristics:
Parking Lot; Driveway - Shared
Rental License Type:
Standard
Roof:
Age 8 Years or Less
Sewer:
City Sewer - In Street
Stories:
Two
Tenant Pays:
Electricity
Water:
City Water - In Street
Contract Information
- Contingency
- None
- ListPrice
- 584900
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 514
- Street Name
- Main
- Street Suffix
- Street
- Street Direction Suffix
- E
- Postal City
- New Prague
- County
- Le Sueur
- State
- MN
- Zip Code
- 56071
Assessments
- Tax With Assessments
- 6524
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 4500
- Building SqFt
- 5000
More Information
Income and Expenses
- Annual Electric Expense
- 2000
- Annual Fuel Expense
- 3000
- Annual Gross Expenses
- 36222
- Annual Gross Income
- 85520
- Annual Insurance Expense
- 6000
- Annual Net Income
- 45022
- Annual Trash Expense
- 2000
- Annual Water/Sewer Expense
- 7000
- Total Annual Expenses
- 36222
- Annual Caretaker Expense
- 0
- Annual Maintenance Expense
- 0
- Annual Repair Expense
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
- Out Buildings
- Yes
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Dimensions
- 26 x 50
- Garage Door Height
- 8
- Garage Square Feet
- 1300
- Parking Lot
- Yes
- Driveway - Shared
- Yes
Public Survey Info
- Range#
- 23
- Section#
- 3
- Township#
- 112
Sale Options
- Sale Includes
- Rental License
Unit 1
- No. of 1 Bedroom Units
- 5
Unit 3
- No. of 3 Bedroom Units
- Yes
Unit Details
- Total Units
- 7
Unit Information
- No. of Efficiency Units
- Yes
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- SECT-03 TWP-112 RANGE-023 1.34 AC COMM AT NE COR OF NE 1/4, TH W 814.55 FT TO POB, TH S 416.6 FT, W 70.01 FT, S 1.3 FT, W 3.01 FT, N 135.09 FT, W 97.66 FT, N 283.17 FT, E 167.78 FT TO BEG
- Listing City
- New Prague
- Map Page
- 201
- Municipality
- New Prague
- School District
- New Prague Area Schools
- School District Phone
- 952-758-1700
- Zip Plus 4
- 4557
- Property ID Number
- 230032540
- Tax Year
- 2025
- Tax Amount
- 6434
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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.
- Directions
- Main Street New Prague to 514 Main, house on south side of street
Accessible
- None
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Basement
- Concrete Block
- Yes
- Partial
- Yes
Construction Materials
- Frame
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Vinyl
- Yes
Flooring
- Vinyl/Linoleum
- Yes
- Wood
- Yes
Foundation
- Concrete Block
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Boiler
- Yes
- Forced Air
- Yes
Lot Description
- Property Adjoins Public Land
- Yes
- Tree Coverage - Medium
- Yes
Owner Pays
- Fuel
- Yes
- Gas
- Yes
- Heat
- Yes
- Hot Water
- Yes
- Maintenance/Repair
- Yes
Rental License Type
- Standard
- Yes
Roof
- Age 8 Years or Less
- Yes
Sewer
- City Sewer - In Street
- Yes
Stories
- Two
- Yes
Water
- City Water - In Street
- Yes
No. of Ranges
- One Per Unit
- Yes
No. of Refrigerators
- One Per Unit
- Yes
Tenant Pays
- Electricity
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Common
- Yes
- Hot Water Common
- Yes
CMU Style
- Apartments/Multi Family
- Yes
Current Use
- Residential
- Yes
Listing Office:
Metro Group Real Estate
Last Updated: May - 28 - 2026
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