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Two-Building Office Property
New
For Sale
$265,000
Pending

164 E 2nd Street, Redwood Falls, MN 56283

Business/commercial zoning and occupied office space support continued business use across the downtown property.

Property Size8,000 SF
Days on Market7

Property Features for 164 E 2nd Street

General Information

Standard status Pending
Size 8,000 SF
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $3,906

Amenities

shared reception area
break room
restroom

Building Details

Building Size 8,000 SF
Year Built 1888
Year Renovated 2026
Buildings 2
Units 3
Tenancy Multi
Listing Agency: Edina Realty
Listed By: Justin Paffrath · License #20582304
Source: Getyoumoved
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 2:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty

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Investment Insights

Based on property information with market context.

This downtown Redwood Falls office property comprises two buildings totaling 4,569 square feet. The 2,513-square-foot building at 164 E 2nd Street has housed UCAP since 2010 and includes updated office areas, HVAC, LED lighting, vinyl flooring, restroom improvements, and a sump pump system. Work has also addressed the roof membrane, water mitigation, exterior, and safety features.

At 2,056 square feet, the building at 216 S Washington Street offers remodeled office space. New Horizons occupies part of the building, with shared reception, break room, and restroom access. The remaining area contains three private rooms and is available for lease or owner use. Updates across the buildings include roofing, HVAC, lighting, plumbing fixtures, tuckpointing, and entrances. The property is zoned Business/Commercial.

Key Highlights

  • Two downtown office buildings with 4,569 square feet combined
  • 164 E 2nd Street building contains 2,513 square feet and has been occupied by UCAP since 2010
  • 216 S Washington Street building offers 2,056 square feet, with New Horizons occupying part of the space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Law Firm Skin Care Clinic Auto Parts Store Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 56283, MN

6,412
Population
3,089
Households
2.1
Avg Household Size
42
Median Age
24%
College-Educated
93%
High-School Grad
178.4 sq mi
ZIP Area
36
Density / Sq Mi
$66,548
Median Household Income
$40,610
Median Earnings
$823
Median Rent
$177,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Business/commercial zoning and occupied office space support continued business use across the downtown property.
Where is this office building located?
The property is located at 164 E 2nd Street Redwood Falls, MN.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two downtown office buildings with 4,569 square feet combined; 164 E 2nd Street building contains 2,513 square feet and has been occupied by UCAP since 2010; 216 S Washington Street building offers 2,056 square feet, with New Horizons occupying part of the space
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