145 Railway Street W, Loretto, MN 55357 (MLS# 7155122)

145 Railway Street W, Loretto, MN 55357

$1,200,000
Property Type: Commercial Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $1,200,000 List Date: 10/05/2026 Last Modified: 10/06/2026

Overview

Description

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 occ ...

Listing Details MLS# 7155122

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront YN
No
Year Built
2005
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3284
Garage Stalls
4
For Sale or Lease
For Sale
Acres
0.26
Lot Dimensions
11326
Assessment Pending
No

Property Features

Accessible: Partially Wheelchair Air Conditioning: Central Air CMU Style: Business Opportunity; Office; Other Construction Status: Previously Owned Current Use: Office; Professional Service Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; Other On Site Utilities: Electric Common; Heating Common Owner Pays: All Utilities Potential Use: Lounge/Bar; Office; Professional; Restaurant; Retail Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1200000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
145
Street Name
Railway
Street Suffix
Street
Street Direction Suffix
W
Postal City
Loretto
County
Hennepin
State
MN
Zip Code
55357
Complex/Dev/Subdivision
Loretto Center Add

Assessments

Tax With Assessments
26807

Building Information

Building Finished SqFt
6568

More Information

Income and Expenses

Annual Gross Income
25200

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
06
Township#
118

Sale Options

Sale Includes
Building, Land

Unit Details

Total Units
Yes
IDX
Listing Office: Re/Max Results
Last Updated: October - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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