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    109 N Sibley Ave Litchfield, MN 55355

    Sponsored
    For Sale
    Contact for pricing

    Commercial - Litchfield, MN

    Property size:
    2,500 SF
    Lot size:
    0.08 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 28 at 6:06 am

    Property Features for 109 N Sibley Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    270806000
    Parking features
    Paved or Surfaced
    Exterior features
    Brick Veneer
    Size
    2,500 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1894
    Flooring type
    Wood
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy R. Cook
    Timothy R. Cook

    Premier Real Estate Services (320) 259-4554

    Listing agent Timothy R. Cook (320) 259-4554

    Listing date Feb 26, 2026

    MLS# 7026974 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Restored Storefront in Downtown Litchfield

    This restored historic storefront, situated in the heart of downtown Litchfield, presents an exceptional commercial opportunity. The property offers approximately 2,500 square feet of flexible layout suitable for retail, professional space, food, or entertainment purposes. Architectural features include exposed brick, decorative cornices, extra tall ceilings ranging from 12 to 14 feet, and original hardwood floors. The open floor plan design includes space for private offices or a stockroom. The property also includes a 2,000 square foot basement suitable for storage, overflow, or additional offices. Updated HVAC, electrical, and plumbing systems are in place, along with built-in lighting and fiber optic internet. The storefront features a glass entry and space for an extra-large 25-foot exterior sign. Zoned B-2, the property benefits from a flexible zoning designation accommodating a wide array of commercial uses. The building is located next to the First District Community Pavilion, scheduled to open in 2026, which will host food, music, and community events. This location is suited for businesses that benefit from walk-in customers and event-driven traffic. The lot size is 0.079 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    A Poppy Petal Floral

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Meeker
    State
    Minnesota
    Longitude
    -94.528481
    Latitude
    45.12675

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    FAQs

    What type of property is this?
    Storefront property - Historic storefront with flexible space in downtown Litchfield, Minnesota.
    Where is this storefront property located?
    The property is located at 109 N Sibley Ave Litchfield, MN.
    What is the asking price?
    The asking price for this property is $1,500.
    What are key features of this property?
    This property features: - Prime downtown location with high pedestrian visibility and prominent street-level frontage.; - Flexible B-2 zoning allows for a wide range of commercial uses.; - ~2,500 sqft of flexible space with an open floor plan, plus a full 2,000 sqft basement.
    (320) 493-9349
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    109 N Sibley Ave Litchfield, MN 55355
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    Litchfield, MN 55355
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 N Sibley Ave Litchfield, MN 55355
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    We can help!
    Listing Contact
    Timothy R. Cook
    Timothy R. Cook
    (320) 493-9349 (320) 259-4554
    Learn more
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