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$409,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.21 Acres
  • Updated 11 hours ago
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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 that it offers with the fact that ithas been well maintained, you are sure to be proud to make it yours!

Full Property Details for 196 Main Street W

General

  • Price: $409,900
  • Taxes: $3,572 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7072611
  • Updated: 5/15/2026
  • Added to Site: 2 day(s) ago

Interior

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Amenities: Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: Gravel

Location

  • County: Le Sueur
  • Township: Elysian
  • Subdivision: City Of Elysian
  • Driving Directions: From MN Hwy 60 east to Elysian turn left onto NW 3rd Street. Then take a right onto W. Main Street. The property will be located on the left.

School Information

  • School District: 2143 - Waterville-Elysian-Morristown
  • High School District: Waterville-Elysian-Morristown

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Foundation Size: 2535
  • Roof: Flat, Metal
  • Disability Access: None
  • Current Bldg. Use: Commercial, Residential
  • Year Built: 1937

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 00 x 00
  • Frontage: City Street
  • Zoning: Business/Commercial, Residential-Multi-Family

Financial Considerations

  • Tax Amount: $3,572
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: CITY OF ELYSIAN/ELYSIUM BLOCK-019 LOTS 4-5-6 & S 1/2 OF LOTS 1-2-3
  • Inclusions: Building
  • Property ID: 164100730

Listed by True Real Estate

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— 196 Main Street W —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 196 Main Street W

School District:Waterville-Elysian-Morristown Public School District
NameGradesDistance
Waterville Elementary School
500 Paquin Street East, Waterville, MN 56096
PK-45.8 mi
Morristown Elementary School
23 Ann Street East, Morristown, MN 55052
5-611.7 mi
Waterville-Elysian-Morristown Jr.
23 Ann Street East, Morristown, MN 55052
7-811.7 mi
Waterville-Elysian-Morristown Sr.
500 Paquin Street East, Waterville, MN 56096
9-125.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 196 Main Street W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Listed
$409,900
156.19%
MLS
11/14/2019
Sold
$160,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 196 Main Street W

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,354
6%
$195,500
6%
2023
$3,164
—
$184,200
2%
2022
$3,160
-3%
$181,400
2%
2022
$3,256
19%
$177,600
—
2020
$2,742
—
$177,200
24%
2019
$2,752
2%
$142,500
—
2019
$2,692
-3%
$142,500
—
2018
$2,767
14%
$142,500
—
2017
$2,432
1%
$142,500
25%
2016
$2,406
-33%
$113,700
-17%
2015
$3,580
—
$137,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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196 Main Street W, Elysian, MN 56028 (MLS# 7072611) is a Commercial property. 196 Main Street W is currently listed for $409,900 and was received on May 13, 2026. Want to learn more about 196 Main Street W? Do you have questions about finding other Commercial real estate for sale in Elysian? You can browse all Elysian real estate or contact a Coldwell Banker agent to request more information.

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