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For Sale:  Litchfield MLS# 7007841

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Active
$285,000
/mo Edit
Commercial:  2 Stories
2 br • 1 ba • Built 1890
0.047 acres
MLS# 7007841
763-576-8286
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    Property Description

    Historic downtown commercial building. Rare chance to purchase one of the area’s most significant contributing buildings in the Litchfield Historic District. The first floor is currently set up as a restaurant/bar, and ready for a new vision. Beautiful old world charm; exposed brick, ornate ceilings, original hardwood floors, large commercial windows set the tone for this unique space. The second floor includes a very spacious (1, 500sqft) two-bedroom apartment. Recently remodeled; extra tall ceilings, roof top patio, modern appliances and architectural splashes of historic finishes. The second floor also holds the potential for two to three additional apartments. Last occupied in the 80’s, these units lay in wait for a new creative vision to unlock their beauty and potential. An exciting opportunity for someone looking to add value, sweat equity, and passive income, by converting historic charm into sophisticated urban living. Perhaps the largest upside to the building however, is through a grant currently in process with the City of Litchfield. Litchfield was a awarded $2 million facade grant in 2024 that comes into affect in Spring 2026. The current application covers significant improvements to the exterior of the building including windows, doors, brick work, and other improvements. While the building stands as a testament to the area's rich heritage, the downtown has seen a resurgence of investment interest. State grants, city infrastructure projects, and the exchange of hands of many of the buildings, have all contributed to a rapid influx of investments in recent years. Making this property, at this time, an extremely attractive entry point for someone looking to capitalize on the momentum, build value and contribute to the revitalization of downtown.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $285,000
    Property Type: Commercial
    City: Litchfield
    Garage Spaces: 0
    County: Meeker
    Year Built: 1890
    State: MN
    Property Style: 2 Stories
    Zip Code: 55355
    Subdivision Name: Litchfield

    Interior

    Bedrooms: 2
    Bathrooms: 1
    Flooring: Wood
    Basement Details: Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 4,000 ft2
    Foundation Dimensions: 50 x 80
    Fencing: None
    Handicap Accessible: No Stairs External
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Parking Lot
    Roof Details:
    • Age 8 Years or Less
    • Rubber

    Lot & Land

    Acres: 0.047
    Geolocation: 45.127556, -94.528422
    Inclusions: Building
    Lot Dimensions: 50 x 140
    Addl Parcels: 270744000
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 1755
    District Phone: 3206932444

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,392
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,392

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Bar/Tavern
    • Food Service
    • Restaurant
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Premier Real Estate Services.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.