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Creative Studio with Open Work Area
For Sale
$149,900

223 Elm Street W, Norwood Young America, MN 55368

Commercial Sale, Norwood Young America, MN

Property SizeContact for details
Lot Size0.08 Acres
Days on Market229

Property Features for 223 Elm Street W

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Parking features Driveway
Window features Display Window(s), Aluminum Frames, Blinds
Accessibility Accessible Approach with Ramp
Appliances Water Heater - Electric
Subdivision City Lts Of Norwood
High school district Central
Directions Highway 212 to South on N Faxon Rd to Right on E Elm St to Building on Left.
Standard status Active
APN 580500210
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1396

Utilities

Heating system Oil
Cooling system Wall Unit(s)

Building Details

Year built 1960
Building materials Block, Frame
Roof type Flat
Listing Agency: Chestnut Realty Inc
Listed By: Bryan Haasken
Added: Feb 28 Changed: Oct 2 Last Checked: Oct 15 at 9:06AM
MLS# 7024412

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.

This 1960 building has a brick front and an open central work area, complemented by a front office, bathroom, and storage room. A separate employee entrance provides an additional point of entry, and an accessible ramp leads to the building. The property occupies 0.08 acres and has oil heat, wall-unit cooling, and a flat roof.

Driveway parking is available off the alley. The building previously served as a post office and has since housed several businesses, including a photography studio.

Key Highlights

  • Open central work area with a front office, bathroom, and storage room
  • Separate employee entrance and accessible approach with ramp
  • 0.08‑acre property with driveway parking off the alley

Property Analytics

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Current Use

Communications Consulting Telecommunications Service

Suggested Use

Top Pick Real Estate Agency Hair Salon Law Firm Plumbing Service (Bike/Boat/Book/etc) Store Pharmacy

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

Location Intelligence

Trade Area within ½ mile

230
Businesses Nearby

Demographics for 55368, MN

2,305
Population
765
Households
3
Avg Household Size
41
Median Age
23%
College-Educated
99%
High-School Grad
34.2 sq mi
ZIP Area
67
Density / Sq Mi
$76,719
Median Household Income
$48,281
Median Earnings
$1,013
Median Rent
$289,400
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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Creative space - A front office, storage room, restroom, and separate employee entry support a flexible interior arrangement.
Where is this creative space located?
The property is located at 223 Elm Street W Norwood Young America, MN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Open central work area with a front office, bathroom, and storage room; Separate employee entrance and accessible approach with ramp; 0.08‑acre property with driveway parking off the alley
More about this property
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