Address
216 S Washington Street Redwood Falls, MN
Price
$ 349,900
Property Attributes
  • ID#5706235
  • TypeCommercial
  • CountyREDWOOD
  • CityRedwood Falls
  • Zip56283
  • StyleBusiness
  • Year Built1888
  • Taxes$ 3400
  • Price$ 349,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4640
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Minnesota Lands and Homes Real Estate
Data Source:
NorthstarMLS
Property Description

Downtown Redwood Falls commercial investment property. Two buildings included with common wall. There are two Leases in effect with long term tenants. Based on the list price the 2019 Cap Rate was 8% and the projected Cap Rate for 2020 is 8.7%. The last 6 years of cash flow is on file for review with a bank pre-approval letter and a signed commercial confidentiality and non-disclosure agreement.

Price History
1/28/2021 Listed $349,900

General Features

Accessibility No Stairs External
Basement Stone/Rock, Unfinished
Construction Materials Brick/Stone, Stucco
Contingency None
Cooling Central Air
Current Use Professional/Office, Professional Service, Commercial
Heating Forced Air
High School District Redwood Area Schools
Lender Owned No
Parking Features On-Street Parking Only
Property SubType Business
Property Type Commercial Sale
Sewer City Sewer/Connected
Standard Status Active
Tax Annual Amount 3400
Total Units 2
Zoning Description Business/Commercial

Exterior Features

Foundationarea 4640
Lot Dimensions Irregular
Lot Size Area 0.12
Lot Size Units Acres
Road Frontage Type City Street, Sidewalks
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 56283

Price
AVG $190K
$350K
Taxes
AVG $3,309
$3,400
Visits
AVG 39
19
Year Built
AVG 1943
1888
Walkscore
AVG 42
57
Data Provided by Walkscore ® not using MLS data

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