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Is this the best housing bargain in small-town Minnesota?

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You're looking at what is arguably the best housing bargain in Minnesota.

How come? Stay with me here. Earlier this year, Smithsonian magazine picked the "20 Best Small Towns to Visit," and one of them was Lanesboro, Minnesota, a picturesque town of 754 souls in Fillmore County in the southern quadrant of the state. The magazine made note of the town's stunning location in the cliff-lined valley of the Root River, and was also impressed with its many bed-and-breakfast options and its well-reviewed regional theater.

Now MSNRealEstate has gone snooping in the real estate listings in each of the top ten towns identified in the story. The housing experts at the website looked over residential property on the market and identified one home to highlight in each of the notable hamlets.

The one they picked in Lanesboro can objectively be called utterly charming. The price on the property, which was built in 1900, is as sweet as the gingerbread trim and latticework: it's on the market for a mere $290,000. Other deets: five bedrooms, four baths, corner lot and located just a block off Lanesboro's lovely Main Street.

It's more than just a house; the listing says that in addition to the residence, the house includes "...1,400 square feet of fully operational office space attached, complete with a reception desk, conference room and a separate entrance off the main porch," so that you, new owner can, "...enjoy all the benefits of running your small business from home."

If you want to peek at the house and the 36 photos of it, here's a link to the local listing.

By the way, if you're wondering if a commute is feasible, Lanesboro is about 120 miles from the Twin Cities and 42 miles from Rochester.

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