224 Elm St W - Storefront Retail/Office FOR SALE


Norwood Young America, MN 55368
$284,700 USD
952-992-9299
224 Elm St W, Norwood Young America, MN for Sale
$284,700 USD
Storefront Retail/Office - FOR SALE
1/43
null | Request Cap Rate

224 Elm St W
Norwood Young America, MN 55368


HIGHLIGHTS

  • 4,240 SF two-story mixed-use building
  • Ground-floor open concept for retail with upper-level 8 oversized private suites or offices or apartment potential
  • Prime downtown corner location on Elm St walkable setting
  • On-street parking available as well as a very close public parking lot.

OVERVIEW

This is more than commercial real estate, its a destination for restoration. A place where people could gather to slow down, reconnect, and create or full retail, boutique and/or intentional living. This exceptional historic brick mixed-use zoned building could be a yoga or crafting retreat, spiritual gathering space, creative workshop event center, or boutique wellness collective - all in the heart of Norwood Young America MN, down Hwy 212 just 30 minutes from Minneapolis. This beauty was originally constructed as professional offices and has been meticulously preserved. Over 4200 sf above ground plus a full basement with high ceilings. With soaring ceilings throughout all 3 levels, multiple 9' high solid pocket doors, crown molding, and oversized windows welcome the natural warmth inside. All windows on the main level have been updated as well as multiple new LED lights. In 2009 all duct work, duel furnaces and central air were updated. The main level features full open concept with a large south facing glass store front, 11' ceilings with open duct work (updated in 2009) and can easily be visualized for retail and boutique space, an art or exercise studio, or a relaxing wine lounge with the current beverage permit. There is a spacious updated handicapped main level 1/2 bath and storage room with shelving and a floor drain tub. Built in shelving in back of the space. Small loft space above the bathroom with electrical for decorative lighting. Electrical outlets in floor as well. The upper level provides eight expansive light filled rooms with 11' ceilings and original pocket doors that whisper open into quiet gathering spaces. Perfect for professional offices, private wellness suites, or conversion to residential apartments with the two full stairwells leading to street and side close to public parking lot. Full stone basement in mint condition features high ceilings, concrete floor, gas hot water heater, forced air furnace, updated electrical 200 amp CB box. There is also framed storage rooms, a 1/2 bath and hook-ups for laundry. A rare opportunity to own a cornerstone downtown building with flexible income potential. Upon City approval this building has numerous opportunity -Wellness Operators, boutique retail, coffee-wine concepts, mixed-use investors, creative entrepreneurs, fitness studio, professional offices, upper level apartments. Agents to verify all measurements.

FOR SALE DETAILS

PRICE

$284,700 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1896

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C-3

APN/PARCEL ID

58.0500560

ASK ABOUT THIS PROPERTY

Michaelee JenkinsRE/MAX Advantage PlusMore Info
952-992-9299

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Michaelee JenkinsRE/MAX Advantage PlusMore Info
952-992-9299

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.