Historic Two-Level
For Sale
$284,700
224 Elm Street W, Norwood Young America, MN 55368
Commercial Sale, Norwood Young America, MN
Property Size6,000 SF
Lot Size0.06 Acres
Price / SF$47.45
Days on Market182
Property Features for 224 Elm Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Rooms
Basement
Parking features
On Street
Exterior features
Brick/Stone
Subdivision
City Lts Of Norwood
Lot features
Corner Lot
High school district
Central
Directions
30 minutes of Eden Prairie on Hwy 212 to Norwood. South on Reform St, east on Elm to property.
Standard status
Active
APN
580500560
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4124
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
glass storefront
soaring 13-foot ceilings
full exterior stairwell
central heating and air conditioning
updated bathrooms
laundry hookups
impressive 11-foot ceilings
dramatic 9-foot pocket doors
solid stone basement
Building Details
Year built
1896
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(952) 253-5600
Listed By:
Michaelee Jenkins · License #RA- 20337033
(952) 226-7700
Added: Feb 25
Changed: Aug 26
Last Checked: Aug 26 at 11:06PM
MLS# 7010599
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.
Constructed in 1896, this brick-and-stone commercial building provides approximately 4,000 finished square feet across two levels, plus an approximately 2,000-square-foot unfinished basement. The main floor offers approximately 2,000 square feet of open area, 13-foot ceilings, and a glass storefront facing the sidewalk. Upstairs, 8 rooms with 11-foot ceilings and 9-foot pocket doors support either separated rooms or larger combined areas. Exterior and interior stair access connect the levels, while the basement adds storage and utility space with toilet and laundry hookups.
Modernization completed within approximately the past eight years includes central heating and air conditioning, ductwork, plumbing, electrical systems, and bathroom improvements. The property is vacant and includes a current beverage permit for coffee and tea service. Its prior retail-and-classroom configuration can accommodate a range of commercial uses, with any residential or mixed-use conversion subject to zoning, approvals, permits, and applicable codes. Located at 224 Elm Street W in downtown Norwood Young America, the property also offers on-street parking.
Modernization completed within approximately the past eight years includes central heating and air conditioning, ductwork, plumbing, electrical systems, and bathroom improvements. The property is vacant and includes a current beverage permit for coffee and tea service. Its prior retail-and-classroom configuration can accommodate a range of commercial uses, with any residential or mixed-use conversion subject to zoning, approvals, permits, and applicable codes. Located at 224 Elm Street W in downtown Norwood Young America, the property also offers on-street parking.
Key Highlights
- Approximately 4,000 finished SF across two levels, plus an approximately 2,000‑square‑foot basement
- Main level includes approximately 2,000 square feet of open space and a glass sidewalk‑facing storefront
- Upper level has 8 rooms, 11‑foot ceilings, and 9‑foot pocket doors
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 - Updated commercial building with flexible retail, office, studio, and classroom configurations in downtown Norwood Young America.
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 SF across two levels, plus an approximately 2,000‑square‑foot basement; Main level includes approximately 2,000 square feet of open space and a glass sidewalk‑facing storefront; Upper level has 8 rooms, 11‑foot ceilings, and 9‑foot pocket doors
