500 S 13th Street, Olivia, MN 56277 - Photo 1

1/1

$620,000

Sold
Closed
Commercial
31,650 Sq. Ft.
3.82 Acres

1/1

Property Description

49 total apartment units. 48 one bedroom units, one 2 bedroom unit. 4 buildings total. Three 16 unit buildings. The fourth building includes office , community room and two bedroom apartment. On linear pond to the South. Plenty of off parking. Brand new electric panels in all four buildings. Common laundry rooms in each building. Wall ACs. Close to parks and playground. Two sheds included. Possibly room on property for community gardens. *property needs updating approximately half the units are vacant. A couple+ are gutted. **Affordable housing under a Section 8 contract, that the buyers will need to get 2530 Clearance with HUD- HUD contract til 2035** Sold As is- many units need major repairs. Community building needs roofing. Gross rent is Pro-Forma 3 Roofs in the last 8 -10 years. All the electric panels plus -basically brand new. Conveniently located in town of Olivia.

Full Property Details

Full Property Details for 500 S 13th St

General

Sold For: $620,000
Taxes: $3,728 (2025)
Status: Closed
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 7018242
Added to Site: 175 day(s) ago

Parking

Parking Features: Asphalt, Parking Lot, Unassigned, Open

School Information

School District: 2534 - Bird Island-Olivia-Lake Lillian
High School District: Bird Island-Olivia-Lake Lillian

Heating & Cooling

Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Radiant
Heating Fuel: Electric

Utilities

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

Water Features

Water Front Desc.: Pond

Financial Considerations

Operating Expenses: $234,512
Tax Amount: $3,728
Tax Year: 2025
Terms: Conventional, Cash
Owner Pays: All Utilities, Common Area Maintenance, Electricity, Exterior Maintenance, Grounds Care, Heat, Insurance, Snow Removal, Trash Collection, Water
Tenant Pays: Other
Pays Electric: Owner Pays
Pays Heat: Owner Pays
Pays Trash: Owner Pays
Pays Water: Owner Pays

Disclosures and Reports

Special Conditions: Short Sale
Legal Description: TR IN NE4 OF NE4 450' X 370' LYING S OF LOT 4
Inclusions: Building, Fixture/Equipment, Land, Leases, Other
Potential Short Sale: Yes
Property ID: 350025000

Listed by Lentsch Company
Sold by Lifecycle Real Estate Services

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— 500 S 13th St —

Lentsch Company

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Schools

Schools serving 500 S 13th St

School District:Bird Island-Olivia-Lake Lillian Public School District

Name	Grades	Distance
Bold-Bird Island Elementary School 701 9th Street South, Olivia, MN 56277	K-4	0.4 mi
Bold Senior High School 701 9th Street South, Olivia, MN 56277	9-12	0.4 mi
Bold Middle School 701 9th Street South, Olivia, MN 56277	5-8	0.4 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 500 S 13th St

Date

Details

Price

Change

Source

6/30/2026

Sold

$620,000

-8.13%

MLS

3/18/2026

Price Reduced

$674,900

-10%

MLS

3/07/2026

Price Reduced

$749,900

-13.3%

MLS

2/22/2026

Listed

$864,900

—

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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Updated 1 day ago

3
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2
Total Baths
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Price Reduced

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$134,900

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Updated 2 days ago

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Updated 1 day ago

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Listed by Real Broker, LLC

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Price Reduced

-$10,000 (-6.45%)

$145,000

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Single Family
Active
Updated 2 days ago

3
Beds
1
Total Bath
1,460
Sq. Ft.

Listed by eXp Realty

26176 Co Rd 11, Renville, MN 56284 - Photo 1

Price Reduced

-$6,000 (-3.33%)

$174,000

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Single Family
Active
Updated 4 days ago

3
Beds
2
Total Baths
1,904
Sq. Ft.

Listed by Weichert REALTORS Tower Properties - Granite Falls

500 S 13th Street, Olivia, MN 56277 (MLS# 7018242) is a Commercial property that was sold at $620,000 on June 30, 2026. Want to learn more about 500 S 13th Street? Do you have questions about finding other Commercial real estate for sale in Olivia? You can browse all Olivia real estate or contact a Coldwell Banker agent to request more information.

500 S 13th St Olivia, MN 56277

Full Property Details for 500 S 13th St

General

Parking

School Information

Heating & Cooling

Utilities

Water Features

Financial Considerations

Disclosures and Reports

Listing agent

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Be ready to buy your new home!

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Schools serving 500 S 13th St

Price & Sales History for 500 S 13th St

Just Listed near 500 S 13th St

420 S 8th St Bird Island, MN 55310

120 Park Ave W Renville, MN 56284

314 Colfax Ave NW Renville, MN 56284

209 Farmdale Ave Lake Lillian, MN 56253

Price Reduced near 500 S 13th St

640 Ranchwood Dr Bird Island, MN 55310

720 Fir Ave Bird Island, MN 55310

220 S 4th St Bird Island, MN 55310

26176 Co Rd 11 Renville, MN 56284

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