www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31692643
31692675

505 PKWY AVE S, LANESBORO, MN 55949-2814

BM
503514077
LOAM Commercial Real Estate
Listed by LOAM Commercial Real Estate
Unpriced
65 days on market
Updated 63 days ago

505 PARKWAY AVE S LANESBORO MN 55949-2814

Details
APN 190259000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,210
Units 1
Year Built 1890
Lot Size (SqFt) 10,000

100% leased

Marketing description

This 10-unit apartment building, located in Lanesboro, Minnesota, has been completely renovated from its original use as a church. The property has undergone a full transformation, with all major systems and finishes replaced, resulting in a like-new condition throughout.

The building includes three short-term rental units currently operating as Airbnb accommodations, offering additional income potential. Situated in Lanesboro—a destination known for its strong seasonal tourism, particularly in the summer months—the property benefits from consistent visitor traffic drawn by outdoor activities such as biking, walking, and other recreational attractions.

Investment highlights

This 10-unit apartment building, located in Lanesboro, Minnesota, has been completely renovated from its original use as a church. The property has undergone a full transformation, with all major systems and finishes replaced, resulting in a like-new condition throughout.

The building includes three short-term rental units currently operating as Airbnb accommodations, offering additional income potential. Situated in Lanesboro—a destination known for its strong seasonal tourism, particularly in the summer months—the property benefits from consistent visitor traffic drawn by outdoor activities such as biking, walking, and other recreational attractions.

Listing Contacts

BM
503514077
LOAM Commercial Real Estate
Listed by LOAM Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
R-1 ResidentialTwo FamilySingle Family Residential
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 17 uses
View all 17 uses
Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591