230/234/240 S Washington Street, Redwood Falls, MN 56283
sale
$180,000
|
Other
Courtesy Of RE/MAX Realty Plus
Here s your chance to own a significant portion of the thriving Downtown Redwood Falls district. This offering includes four parcels: three with commercial buildings and one vacant lot ideal for parking or future development.
The combined main level space across all buildings is approximately 10,000 square feet. The buildings on two of the parcels have been opened up into one larger space, but retain separate front and rear entrances, allowing for reconfiguration into 2 3 separate commercial units. The remaining connected building could serve as an additional commercial space, providing potential for up to four individual commercial units, depending on layout.
The second level includes approximately 6,800 square feet and offers the potential to develop 10 12 apartment units, depending on design and layout. Original wood trim from the upper level has been salvaged and remains on-site, along with vintage appliances that could be restored. Replacement windows for the upper level are included with the sale and are stored inside the building, ready for installation.
The fourth parcel is a vacant dirt lot that could easily be transformed into private parking or another value-adding feature for future tenants and residents.
This property is situated in the core of Downtown Redwood Falls, an area with ongoing business activity and several new commercial openings expected in the near future, this is an exceptional opportunity for a mixed-use investment with strong long-term potential.
Seller Financing Available!
The seller is open to multiple financing options, including a Contract for Deed with 25% down, zero interest and no payments for the first year, followed by seller carry at well-below market rates.
?? Don t miss this chance to be part of Redwood Falls downtown revival. Contact us today to learn more or schedule a private tour.
The combined main level space across all buildings is approximately 10,000 square feet. The buildings on two of the parcels have been opened up into one larger space, but retain separate front and rear entrances, allowing for reconfiguration into 2 3 separate commercial units. The remaining connected building could serve as an additional commercial space, providing potential for up to four individual commercial units, depending on layout.
The second level includes approximately 6,800 square feet and offers the potential to develop 10 12 apartment units, depending on design and layout. Original wood trim from the upper level has been salvaged and remains on-site, along with vintage appliances that could be restored. Replacement windows for the upper level are included with the sale and are stored inside the building, ready for installation.
The fourth parcel is a vacant dirt lot that could easily be transformed into private parking or another value-adding feature for future tenants and residents.
This property is situated in the core of Downtown Redwood Falls, an area with ongoing business activity and several new commercial openings expected in the near future, this is an exceptional opportunity for a mixed-use investment with strong long-term potential.
Seller Financing Available!
The seller is open to multiple financing options, including a Contract for Deed with 25% down, zero interest and no payments for the first year, followed by seller carry at well-below market rates.
?? Don t miss this chance to be part of Redwood Falls downtown revival. Contact us today to learn more or schedule a private tour.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: None (Heating)
- Legal Description: Multiple parcels: 88-200-2560, 88-200-2580, 88-200-2600, 88-200-2620. See attachment for more information.
- MLSID: 6760031
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