42 Main Street S, New London, MN 56273 - Photo 1

1/1

$290,000

Sold
Closed
Commercial
4,060 Sq. Ft.
0.06 Acres

1/1

Property Description

Historic building located right on bustling Main Street New London. This iconic main street building has two commercial spaces - an open concept space on the main level and the lower level with separate access and private spaces are ready for occupancy. This building provides additional income with main level & lower level commercial space with a filled leases and 4 residential apartments all with current leases. Off street parking in the back, tons of updates inside and out. A great investment- great visibility and high traffic and foot count- this building is ready for it's new owner. Don't miss out on this rare opportunity!

Full Property Details

Full Property Details for 42 Main St S

General

Sold For: $290,000
Taxes: $4,778 (2024)
Status: Closed
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6687495
Added to Site: 306 day(s) ago

Parking

Parking Features: Gravel

School Information

School District: 345 - New London-Spicer
High School District: New London-Spicer

Heating & Cooling

Central air: Yes
Cooling Type: Central Air, Window Unit(s)
Heating Type: Forced Air
Heating Fuel: Natural Gas

Utilities

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

Financial Considerations

Tax Amount: $4,778
Tax Year: 2024
Owner Pays: Electricity, Sewer, Trash Collection
Pays Electric: Owner Pays
Pays Trash: Owner Pays

Disclosures and Reports

Legal Description: NEW LONDON (TOWN OF) LOT 7; THAT PART OF LOT 8 DESC AS FLWS: BEG AT NW COR OF SD LOT 8, TH S 8", TH E'LY TO A PT ON E LINE OF SD LOT 8 WHICH IS 2.553' S OF NE COR THEREOF, TH N ON SD E LINE TO NE COR OF SD LOT 8, TH W TO PT OF BEG.
Inclusions: Building, Leases
Property ID: 601000790

Listed by 320 Real Estate Co
Sold by Re/Max Realty Plus

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— 42 Main St S —

320 Real Estate Co

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Schools

Schools serving 42 Main St S

School District:New London-Spicer School District

Name	Grades	Distance
New London-Spicer Middle School 101 4th Avenue Southwest, New London, MN 56273	5-8	0.4 mi
Prairie Woods Elementary School 17435 County Road 9 Northeast, New London, MN 56273	PK-4	0.8 mi
New London-Spicer Sr. 101 4th Avenue Southwest, New London, MN 56273	9-12	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 42 Main St S

Date

Details

Price

Change

Source

10/22/2025

Sold

$290,000

-7.94%

MLS

5/15/2025

Price Reduced

$315,000

-9.97%

MLS

4/15/2025

Price Reduced

$349,900

-2.81%

MLS

3/18/2025

Listed

$360,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced

-$10,000 (-2.5%)

$390,000

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Price Reduced

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Beds
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Total Baths
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Price Reduced

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Active
Updated 4 days ago

4
Beds
3
Total Baths
2,206
Sq. Ft.

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100 Central Ave W, New London, MN 56273 - Photo 1

Sold

$248,000

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Commercial
Closed

7,800
Sq. Ft.
0.3
Acres

Listed and Sold by RE/MAX Preferred Realty

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$295,000

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4
Beds
2
Total Baths
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Sq. Ft.

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Sold

$249,000

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Single Family
Closed

4
Beds
2
Total Baths
3,222
Sq. Ft.

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Sold

$286,000

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Single Family
Closed

4
Beds
2
Total Baths
2,018
Sq. Ft.

Listed by Lakes Area Realty, Inc.
Sold by Central MN Realty LLC

42 Main Street S, New London, MN 56273 (MLS# 6687495) is a Commercial property that was sold at $290,000 on October 22, 2025. Want to learn more about 42 Main Street S? Do you have questions about finding other Commercial real estate for sale in New London? You can browse all New London real estate or contact a Coldwell Banker agent to request more information.

42 Main St S New London, MN 56273