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$1,450,000 Just Listed
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Property Description
Excellent investment opportunity in charming Cyrus! This 24 unit apartment complex operates at nearly 100% occupancy and provides plenty of green space that is so coveted by the apartment clientele. Located 22 miles SW of Alexandria, 6.5 miles East of Morris and 9 miles West of Starbuck, there is plenty of draw to this smaller but well maintained country town. Comprised of 3 separate 8-unit buildings, this complex provides ample parking, well-maintained grounds, several updates and a great return! Main St building is all main level living with 8-1 bedroom units and Cyrus Garden East and West buildings mirror each other with 7-2 bedroom units and 1-1 bedroom unit in each. Start investing in real estate today or expand your portfolio with this turn-key complex that will start making you money on day one!
Full Property Details
Full Property Details for 315 E Main St
General
- Price: $1,450,000
- Taxes: $14,942 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7011649
- Updated: Today (1/22/2026)
Property History
- 315 E Main St, Cyrus, MN
- Listed $1,450,000 on 1/22/26
Interior
- Appliances: Range, Refrigerator
- Flooring: Carpet
Rooms
Bathrooms
- Total Bathrooms: 24
Bedrooms
- Total Bedrooms: 38
Parking
- Parking Features: Asphalt, Paved Lot
Location
- County: Pope
- Township: Cyrus
- Subdivision: Cyrus City
- Driving Directions: 3 Building. E Main St in Cyrus, N Oleson and N Stromen.
School Information
- School District: 1249 - Morris Area
- High School District: Morris Area
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Boiler
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Common, Hot Water Common
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Foundation Size: 13142
- Roof: Asphalt
- Disability Access: Partially Wheelchair
- Square Feet: 20,246
- Finished Down/Base.: 20,246 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1983
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 1.032
- Lot Dimensions: 300 150
- Frontage: City Street, Paved Streets
- Zoning: Residential-Multi-Family
Financial Considerations
- Tax Amount: $14,942
- Tax Year: 2025
- Terms: Conventional, Cash
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Gas, Heat, Hot Water, Insurance, Janitorial Service, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
- Tenant Pays: Electricity
- Pays Electric: Tenant Pays
- Pays Gas: Owner Pays
- Pays Heat: Owner Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: SECT-20 TWP-125 RANGE-40 LOT-1 BLK-12 CYRUS CITY, ORIGINAL PLAT LOTS 1 THRU 6 BLOCK 12 AND SECT-29 TWP-125 RANGE-40 LOT-1 BLK-14 CYRUS CITY, ORIGINAL PLAT LOTS LOTS 1, 2, 3 & E24 FT OF LOT 4 BLOCK 14
- Inclusions: Building, Business Assets, Business, Land
- Property ID: 220059000
Listed by Edina Realty, Inc.
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Listing agent
— 315 E Main St —
Edina Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 315 E Main St
School District:Morris Area Public Schools
| Name | Grades | Distance |
|---|---|---|
Morris Area Elementary 151 South Columbia Avenue, Morris, MN 56267 | PK-6 | 8.4 mi |
Morris Area Secondary 201 South Columbia Avenue, Morris, MN 56267 | 7-12 | 8.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 315 E Main St
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315 E Main Street, Cyrus, MN 56323 (MLS# 7011649) is a Commercial property. 315 E Main Street is currently listed for $1,450,000 and was received on January 22, 2026. Want to learn more about 315 E Main Street? Do you have questions about finding other Commercial real estate for sale in Cyrus? You can browse all Cyrus real estate or contact a Coldwell Banker agent to request more information.