145 Railway Street W
Loretto, MN, 55357 $ 1,200,000
Bedrooms-- Baths-- Monthly Estimate*
$ 8,288
for $1,200,000. This building was built in 2005 on a lot size of 0.26.
Here’s an excellent opportunity to own a well-positioned commercial property in the heart of Loretto. Built in 2005, this two-story building offers approximately 6,568 square feet of space with a functional layout, 11-foot ceiling heights, and dedicated parking, making it a strong fit for an owner-user, investor, or business looking for a professional location. The property sits on approximately 0.26 acres and is zoned Traditional Commercial, offering flexibility for a variety of commercial uses, such as restaurants, a gym, a retail shop, medical offices, professional offices, etc. Its downtown location puts businesses within easy reach of local restaurants, services, and other established businesses, while providing convenient access to County Road 19 and Highway 55. With approximately 3,284 square feet per floor, the building offers plenty of room for offices, professional services, or a business looking to establish a larger presence in the community. Whether you're looking to occupy the space yourself or add a commercial asset to your portfolio, 145 Railway St W offers a combination of location, size, accessibility, and long-term potential that's worth a closer look.
See more
FeaturesGeneralSewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common
Garage Spaces 4
Year Built 2005
Levels Two
Tax Year 2026
Current Use Office Professional Service
Gross Income 25200
Accessibility Partially Wheelchair
County Hennepin
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Loretto Center Add
Possible Use Office Professional Service Restaurant Retail Lounge/Bar Medical/Dental
Directions Coming West on Highway 55 take a left on Independence Regional Trail in about 0.8 miles make a right on Railway St W. Property will be on your left.
City Loretto
High School District Delano
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 26807
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
See more
ExteriorParking Features Attached Garage
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.26
Lot Dimensions 11326
Waterfront Y/N N
Foundation Area 3284
See more
InteriorBasement (Y/N) N
Fuel Natural Gas
Garage Square Feet 0
See more
* Excluded FeaturesList Bydcorrea.realestate@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,288
- Monthly Property Taxes
- $2,234
- 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 Loretto, MN
Average List Price $1,200,000
Percent of Sale Price 0%
About Loretto, MN 580 Population
94% Since 2002
$ 123,295 Median Income
42.34 Median Age
46% Households with Children
Trends Information provided by ATTOM Data Solutions.
709437 Elementary School
708373 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/5/2026 | $1,200,000 | | Listed Price |