224 Elm Street W
Norwood Young America, MN, 55368 $ 284,700
Bedrooms-- Baths-- Monthly Estimate*
$ 1,966
for $284,700. This building was built in 1896 on a lot size of 0.06.
Own a piece of history and build your future here. Exceptional opportunity to own a beautifully maintained updated 1896 historic commercial building in downtown Norwood Young America! Offering approximately 4,000 finished square feet plus an additional 2,000-square-foot unfinished basement, this remarkable property combines timeless architectural character with extensive modern updates. The impressive main level features approximately 2,000 square feet of open space, soaring 13-foot ceilings, & charming glass storefront along the sidewalk,& full exterior stairwell to 2nd level, creating excellent visibility and a welcoming presence for retail, studio, office, or a variety of owner-user business opportunities. A current beverage permit allows for coffee and tea service. The second level offers approximately 2,000 square feet with 8 expansive rooms, impressive 11-foot ceilings, and dramatic 9-foot pocket doors that can opens the rooms up for larger gatherings or close to create private rooms for meetings, classes, offices, or other flexible uses. A 2nd full solid wood back stairwell from back of main level. Extensive updates within approximately the past eight years include central heating and air conditioning, ductwork, plumbing, and electrical, along with updated bathrooms. The approximately 2,000-square-foot solid stone basement is exceptionally well maintained and provides outstanding storage and additional utility space also with toilet and laundry hookups. Previously home to a successful quilting and fabric business, with retail on the main level and classes upstairs, the building is now vacant and ready for its next owner and vision. Ideal possibilities include boutique retail, specialty shop, coffee or tea concept, creative studio, wellness business, educational or workshop space, professional offices, or an owner-user opportunity. Potential residential or mixed-use conversion may be explored subject to zoning, city approval, permits, and applicable building codes. A rare opportunity to own a distinctive historic building with character, flexibility, modern infrastructure, and endless potential in the heart of downtown Norwood Young America!
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FeaturesGeneralSewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Separate Hot Water Common
Roof Age Over 8 Years Other Pitched
Garage Spaces 0
Year Built 1896
Levels Two
Tax Year 2024
Current Use Retail
Accessibility Grab Bars In Bathroom Door Lever Handles
County Carver
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name City Lts Of Norwood
Directions 30 minutes of Eden Prairie on Hwy 212 to Norwood. South on Reform St east on Elm to property.
City Norwood Young America
High School District Central
Zoning Description Business/Commercial
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 4124
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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InteriorBasement Drainage System Full Storage Space
Basement (Y/N) Y
Fuel Natural Gas
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ExteriorParking Features On-Street Parking Only
Lot Features Corner Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.06
Lot Dimensions 47 x 65
Waterfront Y/N N
Foundation Area 2160
Road Frontage Type City Street Curbs Paved Streets
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* Excluded FeaturesList ByRe/Max Advantage PlusBroker
michaeleeremax@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,966
- Monthly Property Taxes
- $344
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Norwood Young America, MN
Average List Price $241,483
Percent of Sale Price 15%
About Norwood Young America, MN 3,507 Population
20% Since 2002
$ 62,752 Median Income
38.81 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
1705857 Elementary School
1705859 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/26/2026 | $284,700 | | Listed Price |