Historic Storefront
For Sale
$284,700
224 Elm Street W, Norwood Young America, MN 55368
A flexible two-level commercial space has updated building systems and a current permit for coffee and tea service.
Property Size6,000 SF
Price / SF$47.45
Days on Market241
Property Features for 224 Elm Street W
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,124
Amenities
glass storefront
exterior stairwell
updated bathrooms
central heating and air conditioning
pocket doors
laundry hookups
Building Details
Year Built
1896
Buildings
1
Stories
2
Units
2
Listing Agency:
RE/MAX Advantage Plus
(952) 253-5600
Listed By:
Michaelee Jenkins · License #RA- 20337033
(952) 992-9299
Source:
Driveresultsrealty
Added: Feb 25
Changed: Oct 23
Last Checked: Oct 23 at 4:59PM
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 RE/MAX Advantage Plus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1896, this vacant commercial building offers approximately 4,000 finished square feet across two levels, plus a 2,000-square-foot unfinished basement. The ground floor provides about 2,000 square feet of open space beneath 13-foot ceilings. Upstairs, approximately 2,000 square feet is arranged as eight rooms, with 11-foot ceilings and 9-foot pocket doors that allow rooms to connect or remain separate. Exterior and rear stairways serve the upper level.
The building’s systems have been updated within approximately the past eight years, including central heating and air conditioning, ductwork, plumbing, electrical, and bathrooms. The solid stone basement includes a toilet and laundry hookups. A current beverage permit covers coffee and tea service. The property is zoned Business/Commercial and is located at 224 Elm Street W in downtown Norwood Young America.
The building’s systems have been updated within approximately the past eight years, including central heating and air conditioning, ductwork, plumbing, electrical, and bathrooms. The solid stone basement includes a toilet and laundry hookups. A current beverage permit covers coffee and tea service. The property is zoned Business/Commercial and is located at 224 Elm Street W in downtown Norwood Young America.
Key Highlights
- Approximately 4,000 finished square feet, plus a 2,000‑square‑foot unfinished basement
- Ground floor has approximately 2,000 square feet of open space and 13‑foot ceilings
- Upper level includes approximately 2,000 square feet, eight rooms, 11‑foot ceilings, and 9‑foot pocket doors
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Kwik Trip
Shops & Services
38,543 visits/mo
0.4 miles
McDonald's
Dining
21,939 visits/mo
0.5 miles
Carquest Auto Parts
Shops & Services
2,183 visits/mo
0.4 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Floral Defined LLC — 225 Elm St W, Norwood Young America, MN 55368
Frequently Asked Questions
What type of property is this?
Storefront property - A flexible two-level commercial space has updated building systems and a current permit for coffee and tea service.
Where is this storefront property located?
The property is located at 224 Elm Street W Norwood Young America, MN.
What is the asking price?
The asking price for this property is $284,700.
What are key features of this property?
This property features: Approximately 4,000 finished square feet, plus a 2,000‑square‑foot unfinished basement; Ground floor has approximately 2,000 square feet of open space and 13‑foot ceilings; Upper level includes approximately 2,000 square feet, eight rooms, 11‑foot ceilings, and 9‑foot pocket doors
