242 Morgan St, Tracy, MN 56175 Property Records

Lyon County property record for 242 Morgan St, Tracy, MN 56175

Property Summary

Property TypeCommercial
Detailsbuilt 1925
Lot Size0.2 acres (8,748 sqft)
OwnerCompany Name on File
Last Sale$200,000 (May 2024)
Tax Bill$2,254 (2026)
Deeds & MortgagesMar 2019 Sale
Flood ZoneZone X (minimal risk)
APN31-100088-0

Property Details

APN / Parcel Number

Primary APN31-100088-0

Exterior

Year BuiltBuilt 1925
Effective Year BuiltEffective 1925
Lot Area8,748 sqft (0.2 acres)

Location & Zoning

Street Address242 MORGAN ST
CityTRACY
StateMN
Zip56175-1261
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionORIGINAL PLAT - TRACY 01010001 LOTS 6 & 7 BLK 6
Legal SubdivisionORIGINAL PLAT - TRACY
Legal Block6
Legal Lot Number6-7
JurisdictionLYON MN
Township / Civil DivisionTRACY
Census Block Group2
Census Block2025
Census Tract360700

Owner

242 Morgan St, a commercial property, is owned by a company that bought it in May 2024.

Source: Lyon County records, as of September 1, 2026

Owner of RecordCompany Name on File
Mailing Address11656 170TH ST, TRACY, MN 56175-1922
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMay 21, 2024 · Amount on File
Deed SaleMay 21, 2024 · Amount on File
Deed Document Number2024228578
Prior Transfer DateFeb 13, 2019
Prior Transfer Doc217996
Record UpdatedOct 29, 2026

March 2019: Deed of Distribution, Transfer

Document TypeDeed of Distribution
JurisdictionLYON MN
Recording DateMar 8, 2019
Property Address242 MORGAN ST, TRACY, MN 56175-1261
Document Number217996
Instrument DateFeb 13, 2019
Instrument217996
Transaction TypeTransfer
Record UpdatedAug 20, 2021

Transaction

Tax$0.00
Amount AccuracyNo Consideration Stated
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address12863 13TH ST NW, SPICER, MN 56288-9321

Tax Assessment & Valuation

The 2026 property tax bill for 242 Morgan St was $2,254, up 30.4% from the year before.

Source: Lyon County assessment roll, as of September 1, 2026

Property Jurisdictions

TypeName
StateMinnesota
CountyLyon County
MunicipalityTracy City
Unified School DistrictTracy Area Public School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$2,254.00 (+30.44%)$77,600 (-) Land $10,200 Building $67,400$77,600 (-) Land $10,200 Building $67,400
2025$1,728.00$77,600 Land $10,200 Building $67,400$77,600 Land $10,200 Building $67,400
2023$1,766.00$60,100 Land $10,200 Building $49,900$60,100 Land $10,200 Building $49,900

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 242 Morgan St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective May 23, 2024

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 242 Morgan St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemTracy
serves 2,154 people · EPA ID MN1420010
Water SourceGroundwater
Last State InspectionAug 2024
Lead4 ppb (2022–2024)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 192 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Spectrum
Cable · Fiber in parts of the area
1,000 / 1,000
GigFire
Fixed Wireless
150 / 130
Midco
Fixed Wireless
100 / 20

May also be available: Bluepeak.

Nearby Properties on Morgan St

Nearby Streets

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