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    The Largest CRE Database in the US with Over 1 Million Listings

    201 N Sibley Ave Litchfield, MN 55355

    Sponsored
    For Sale
    $285,000

    Commercial - Litchfield, MN

    Property size:
    1,500 SF
    Lot size:
    0.05 Acres
    Days on Market:
    22
    Last Refresh:
    Feb 3 at 9:06 pm

    Property Features for 201 N Sibley Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2
    Bedrooms
    2
    APN
    270745000
    Parking features
    Parking Lot
    Exterior features
    Brick Veneer, Wood
    Size
    1,500 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1890
    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 Jan 13, 2026

    MLS# 7007841 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

    Historic Mixed-Use Building in Litchfield

    Located in the Litchfield Historic District, this historic downtown commercial building presents a rare opportunity. The first floor is currently configured as a restaurant and bar, showcasing old-world charm with exposed brick, ornate ceilings, original hardwood floors, and large commercial windows. The second floor features a spacious 1,500-square-foot two-bedroom apartment, recently remodeled with extra-tall ceilings, a rooftop patio, modern appliances, and architectural elements that blend historic finishes. The second floor also holds the potential for two to three additional apartments, which have been unoccupied since the 1980s. A grant is currently in process with the City of Litchfield, which was awarded a $2 million facade grant in 2024 that comes into effect in Spring 2026. The current application covers significant improvements to the exterior of the building including windows, doors, brick work, and other improvements. The downtown area has experienced a resurgence of investment interest, with state grants, city infrastructure projects, and property transactions contributing to recent investments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Divine Home Care ... Home Health Care Service Oolala Chic Aesthetics Spa & Massage Center Massage by Jodi ... Alternative Medicine Practice Naturally Undefined Beauty Hair Salon Half Bushel Brewing Bar & Pub

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Meeker
    State
    Minnesota
    Longitude
    -94.528422
    Latitude
    45.127556

    Nearby Similar for Sale

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      0.03 Acres

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    • $695,000
      5.00 Acres

      Litchfield Twp Mobile Home Park

      Well-maintained mobile home park with 12 lots on 5 acres.
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    FAQs

    What type of property is this?
    Mixed-use property - Historic building with restaurant/bar, apartment, and development potential.
    Where is this mixed-use property located?
    The property is located at 201 N Sibley Ave Litchfield, MN.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Significant exterior improvements possible via a City of Litchfield facade grant awarded in 2024, taking effect in Spring 2026.; - Prime location in the Litchfield Historic District, experiencing a resurgence of investment and revitalization.; - The first floor is set up as a restaurant/bar, ready for a new vision.
    (320) 493-9349
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    201 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
    201 N Sibley Ave Litchfield, MN 55355
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    We can help!
    Listing Contact
    Timothy R. Cook
    Timothy R. Cook
    (320) 493-9349
    Learn more
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