164 E 2nd Street
Redwood Falls, MN, 56283 $ 265,000
Bedrooms-- Baths-- Sq 8,000 Monthly Estimate*
$ 1,830
for $265,000. This 8,000 square foot building was built in 1888 on a lot size of 0.11.
Excellent opportunity to own a versatile downtown commercial property consisting of two buildings with a combined 4,569 square feet, offering established rental income along with space for an owner-user or additional tenant. 164 E 2nd St – 2,513 sq. ft. has been occupied by UCAP since 2010, providing a long history of use by an established tenant. The building has seen numerous improvements over the years, including updated office space, HVAC, LED lighting, water heater, smoke detectors, water mitigation and sump pump system, vinyl flooring, restroom improvements, exterior repairs and paint, and recent roof membrane work. 216 S Washington – 2,056 sq. ft. has been recently remodeled to create updated, functional office space. A portion of the building is currently occupied by New Horizons and includes access to a shared reception area, break room, and restroom. The remaining space is available for lease or could be utilized by a new owner. It includes three private rooms, offering flexibility for offices, a conference room, storage, or other business needs. Both buildings have benefited from extensive updates and maintenance over the years, including HVAC improvements, roofing, tuckpointing, LED lighting, plumbing fixtures, exterior repairs and painting, water mitigation, and updated entrances. Most recently, additional office space was completed in the Washington Street building in 2026. Located in the heart of downtown, this property offers a unique combination of existing tenants, income potential, updated office space, and room for an owner-occupied business or additional rental income. A great opportunity for an investor, business owner, or a combination of both. Inquire with a signed NDA for all the details.
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FeaturesGeneralSewer City Sewer/Connected
Heating Other
Utilities Electric Separate Hot Water Separate
Garage Spaces 0
Year Built 1888
Levels One
Tax Year 2025
Current Use Office Retail
Accessibility Fully Wheelchair
Additional Parcels Description 882002520
County Redwood
New Construction N
Property Type Commercial Sale
Contingency Inspection
Directions Corner of Washington and 2ne St
City Redwood Falls
High School District Redwood Area Schools
Zoning Description Business/Commercial
Number Of Units Total 3
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 3906
Additional Parcels Y/N Y
Virtual Tour https://my.matterport.com/show/?m=xw1uyJWhdga&mls=1
Standard Status Active
Lender Owned No
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ExteriorParking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building Land Leases Other
Lot Size Area 0.11
Building Area Total 8000
Lot Dimensions 53x120
Waterfront Y/N N
Foundation Area 4300
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InteriorBasement (Y/N) N
Total Bedrooms 0
Total Baths 0
Foundation Dimensions 53x120
Fuel Natural Gas
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* Excluded FeaturesList ByPAFFRATH@EDINAREALTY.COMEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,830
- Monthly Property Taxes
- $326
- 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 Redwood Falls, MN
Average List Price $283,735
Percent of Sale Price 7%
About Redwood Falls, MN 5,177 Population
-5% Since 2002
$ 47,092 Median Income
41.54 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
3048774 Elementary School
3048467 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/28/2026 | $265,000 | | Listed Price |