Two-Story Office
New
For Sale
$1,200,000
145 Railway Street W, Loretto, MN 55357
Commercial Sale, Loretto, MN
Property Size6,568 SF
Lot Size0.26 Acres
Price / SF$182.70
Days on Market2
Property Features for 145 Railway Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Garage - Attached
Accessibility
Accessible Approach with Ramp
Subdivision
Loretto Center Add
High school district
Delano
Directions
Coming West on Highway 55, take a left on Independence Regional Trail, in about 0.8 miles, make a right on Railway St W. Property will be on your left.
Standard status
Active
APN
0611823340089
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
26807
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
dedicated parking
Building Details
Year built
2005
Listing Agency:
Re/Max Results · RE/MAX International
(507) 288-1111
Listed By:
Diego Correa Bravo
(952) 829-2900
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 5 at 6:06PM
MLS# 7155122
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.
Investment Insights
Based on property information with market context.
Built in 2005, this two-level office property contains approximately 6,568 square feet, with about 3,284 square feet on each floor. The building features 11-foot ceilings, forced-air heating, central air conditioning, an attached garage, and an accessible approach with a ramp. The site encompasses approximately 0.26 acres and is zoned Traditional Commercial.
In downtown Loretto, the property is near restaurants, services, and other businesses, with access to County Road 19 and Highway 55. Its floor-by-floor layout and existing building features provide a substantial office footprint in a commercial setting.
In downtown Loretto, the property is near restaurants, services, and other businesses, with access to County Road 19 and Highway 55. Its floor-by-floor layout and existing building features provide a substantial office footprint in a commercial setting.
Key Highlights
- Approximately 6,568 square feet in a two‑story office building
- Approximately 3,284 square feet per floor
- 11‑foot ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,994
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,880
$1.6M
Cap Rate 7%
$1,114,200
$1.1M
Cap Rate 9%
$866,600
$866.6K
Market Conditions
NOI Build-Up for 6,568 SF
Gross rent
$144.2K $21.96/SF
− Vacancy
−$40.2K −$6.13/SF
EGI
$104.0K $15.83/SF
− OpEx
−$26.0K −$3.96/SF
NOI
$78.0K $11.87/SF
Area
Hennepin County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,880
Cap Rate 7%
$1,114,200
Cap Rate 9%
$866,600
Alternative Uses
Best Use
Office B
$1.11M
$974.9K – $1.30M
NOI $77,994 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,689 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 55357, MN
3,370
Population
1,284
Households
2.6
Avg Household Size
42
Median Age
50%
College-Educated
98%
High-School Grad
19.5 sq mi
ZIP Area
173
Density / Sq Mi
$147,256
Median Household Income
$64,231
Median Earnings
$1,146
Median Rent
$491,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Traditional Commercial zoning and a downtown setting support a range of commercial occupancy possibilities.
Where is this office building located?
The property is located at 145 Railway Street W Loretto, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 6,568 square feet in a two‑story office building; Approximately 3,284 square feet per floor; 11‑foot ceiling heights
