Building Details

Year Built 1896

Buildings 1

Stories 2

Units 2

Construction brick

Listing Agency: RE/MAX Advantage Plus m***@gmail.com Show Phone

Listed By: Michaelee Jenkins · License #RA- 20337033 Show Phone

Source: Ivyrealestategroup

Added: Feb 25 Changed: Aug 14 Last Checked: Aug 14 at 2:47PM

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Investment Insights

Based on property information with market context.

This two-story brick mixed-use building offers 4,400 total finished square feet, including more than 2,200 square feet on the main level and a preserved upper floor. The property includes a full basement, 2 1/2 baths, and an existing quilting-business retail shop. Updated electrical service, PVC and copper plumbing, a 2009 FA/CA system, new duct work, and a basement toilet are also in place.

Located at 224 Elm Street W in downtown Norwood Young America, the building sits directly across from the city buildings. Street parking is available on two sides, with a public parking lot to the east. Business/Commercial zoning supports the property's mixed-use classification.

Key Highlights

• 4,400 total finished square feet in a two‑story brick building
• More than 2,200 square feet on the main level plus a preserved upper floor
• Full basement with toilet; 2 1/2 baths in the building

Property Analytics

Property Profile

Current Use

The Quilting Grounds (Bike/Boat/Book/etc) Store

Suggested Use

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

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

230

Businesses Nearby

63k

Monthly Visits Nearby

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Downtown commercial property with retail occupancy, flexible upper-level space, updated systems, and Business/Commercial zoning.

Where is this mixed-use 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: 4,400 total finished square feet in a two‑story brick building; More than 2,200 square feet on the main level plus a preserved upper floor; Full basement with toilet; 2 1/2 baths in the building