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196 W Main Street, 
Elysian, MN 56028

$404,900


Bed


1

Bath


4,135

Sq Ft


Multi-Family

Active

Listed by

Michelle Starkey

True Real Estate

Last updated:

August 23, 2026, 03:29 PM

MLS#

267041166

Source:

MN RASM

About This Home

196 W Main Street

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!

Home Facts

Multi-Family

1 Bath

Price Summary

404,900

$97 per Sq. Ft.

MLS #:

267041166

Last Updated:

August 23, 2026, 03:29 PM

Added:

4 month(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

1

Interior

Living Area:

4,135 Sq. Ft.


Structure

Structure

Building Area:

4,135 Sq. Ft.


Lot

Lot Size (Sq. Ft):

21,780


Finances & Disclosures

Finances

Price:

$404,900

Price per Sq. Ft:

$97 per Sq. Ft.

Source:MN RASM
The information being provided by REALTOR® Association Of Southern Mn, Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 REALTOR® Association Of Southern Mn, Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.