164 E 2nd Street, Redwood Falls, MN 56283 (MLS# 7131558)

164 E 2nd Street, Redwood Falls, MN 56283

$265,000
Property Type: Commercial Square Footage: 8,000 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $265,000 List Date: 8/28/2026 Last Modified: 9/30/2026

Overview

Description

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 ...

Listing Details MLS# 7131558

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Owner Occupied
No
Waterfront YN
No
Year Built
1888
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
4300
For Sale or Lease
For Sale
Acres
0.11
Lot Dimensions
53x120
Assessment Pending
Unknown

Property Features

Accessible: Fully Wheelchair CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Office; Retail Exterior: Stucco Foundation: Combination Fuel: Natural Gas Heating: Other Loan Terms: Cash; Contract for Deed; Conventional; Special Funding; Other Lock Box Type: SentriLock On Site Utilities: Electric Separate; Hot Water Separate Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency
Inspection
ListPrice
265000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
164
Street Direction Prefix
E
Street Name
2nd
Street Suffix
Street
Postal City
Redwood Falls
County
Redwood
State
MN
Zip Code
56283

Additional Parcels Information

Property ID #2
882002520

Assessments

Tax With Assessments
3906

More Information

Basement

Foundation Dimensions
53x120

Building Information

Building Finished SqFt
4300
Building SqFt
8000

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Land, Leases, Other

Unit Details

Total Units
3
IDX
Listing Office: Edina Realty
Last Updated: September - 30 - 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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