Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    226 S Washington Street Redwood Falls, MN 56283

    View on Map
    Claim this Listing
    New
    For Sale
    $129,900

    Commercial - Redwood Falls, MN

    Lot size:
    0.07 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    4
    Last Refresh:
    May 1 at 2:06 pm

    Property Features for 226 S Washington Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Bedrooms
    3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Exterior features
    Brick/Stone
    Standard status
    Active
    APN
    882002640
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1556

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1888
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Shannon Guetter
    Shannon Guetter

    Listing agent Shannon Guetter

    Listing office Re/Max Realty Plus 100 N Gould St, Redwood Falls, MN

    Listing date Apr 28, 2026

    MLS# 7064007 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.

    Overview

    Mixed-Use Building in Downtown

    Located in downtown Redwood Falls, this mixed-use building presents an opportunity for investors and business owners. The main level features a commercial space suitable for a boutique, retail shop, office, or other business. The space includes exposed brick walls, wood floors, and large front windows. It also has a dressing room, counter area, and storage space. Upstairs, there are two residential units, one with one bedroom plus a non-conforming bedroom, and the other with two bedrooms. One of the apartments is currently rented. Both units have access to the rear rooftop area and each apartment has its own separate electrical meter. The property is located in a downtown setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Redwood Falls
    County
    Redwood
    State
    Minnesota
    Longitude
    -95.117775
    Latitude
    44.540142

    Nearby Similar for Sale

    • $359,000

      Redwood Falls Former Medical Clinic

      Two-story, 25,000 sq ft commercial building on 0.685 acres.
      1100 E Broadway Street, Redwood Falls, MN 56283
      View Details
    • $375,000

      Redwood Falls Commercial Building

      Large commercial building with retail and office space available.
      631 W Bridge Street, Redwood Falls, MN 56283
      View Details
    • $850

      Downtown Redwood Falls Office Suite

      Move-in-ready office suite in a convenient downtown location.
      315 S Washington Street, Redwood Falls, MN 56283
      View Details
    • $374,900

      Redwood Falls Commercial Building For Sale

      Former Burger King with drive-thru and ample parking.
      516 E Bridge Street, Redwood Falls, MN 56283
      View Details
    • $144,888

      Downtown Redwood Falls Mixed-Use Investment

      Four parcels in thriving downtown district with redevelopment potential.
      230/234/240 S Washington Street, Redwood Falls, MN 56283
      View Details
    • $980,000

      Versatile Industrial Complex For Sale

      Spacious industrial complex with mezzanine, ideal for warehousing, transportation.
      308 Industrial Drive, Redwood Falls, MN 56283
      View Details
    • $400,000

      Leased Commercial Space For Sale

      Fully leased commercial space with long-term tenant in place.
      600 E Bridge Street, Redwood Falls, MN 56283
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial and residential property in Redwood Falls, MN.
    Where is this mixed-use property located?
    The property is located at 226 S Washington Street Redwood Falls, MN.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Prime downtown location with high visibility and foot traffic.; Turn‑key commercial space suitable for various business ventures.; Two residential units providing income potential, one currently rented.
    (507) 616-8322
    We can help!
    Listing Contact
    Shannon Guetter
    Shannon Guetter
    Real Estate License ID: 40791573
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    226 S Washington Street, Redwood Falls, MN 56283

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!