For Sale: Redwood Falls MLS# 7131558
Active
$265,000
Commercial: 1 Story
Built 1888
0.11 acres
Redwood Area schools
MLS# 7131558
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Property Description
Excellent opportunity to own a versatile downtown commercial property consisting of two buildings with a combined 4, 569 square feet, offering established rental income along with space for an owner-user or additional tenant.
164 E 2nd St – 2, 513 sq. ft. has been occupied by UCAP since 2010, providing a long history of use by an established tenant. The building has seen numerous improvements over the years, including updated office space, HVAC, LED lighting, water heater, smoke detectors, water mitigation and sump pump system, vinyl flooring, restroom improvements, exterior repairs and paint, and recent roof membrane work.
216 S Washington – 2, 056 sq. ft. has been recently remodeled to create updated, functional office space. A portion of the building is currently occupied by New Horizons and includes access to a shared reception area, break room, and restroom. The remaining space is available for lease or could be utilized by a new owner. It includes three private rooms, offering flexibility for offices, a conference room, storage, or other business needs.
Both buildings have benefited from extensive updates and maintenance over the years, including HVAC improvements, roofing, tuckpointing, LED lighting, plumbing fixtures, exterior repairs and painting, water mitigation, and updated entrances. Most recently, additional office space was completed in the Washington Street building in 2026.
Located in the heart of downtown, this property offers a unique combination of existing tenants, income potential, updated office space, and room for an owner-occupied business or additional rental income. A great opportunity for an investor, business owner, or a combination of both.
Inquire with a signed NDA for all the details.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$265,000
Property Type:
Commercial
City:
Redwood Falls
Garage Spaces:
0
County:
Redwood
Year Built:
1888
State:
MN
Property Style:
1 Story
Zip Code:
56283
Interior
Bedrooms:
0
Bathrooms:
0
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
4,300 ft2
Foundation Dimensions:
53x120
Handicap Accessible:
Fully Wheelchair
Heating System:
Other
Parking Features:
On-Street Parking Only
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.540285, -95.11805
Inclusions:
Building, Land, Leases, Other
Lot Dimensions:
53 x 120
Addl Parcels:
882002520
Zoning:
Business/Commercial
Schools
School District:
2897
District Phone:
5076448064
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,906
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,906
Units
Total Units:
3
Miscellaneous
Current Use:
- Office
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Separate
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Edina Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.