For Sale Commercial MLS# 7010599

224 Elm Street W

Norwood Young America, MN 55368

$284,700

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About 224 Elm Street W

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!

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1896
Stories
Two
Lot
0.06
Original price
$284,700
MLS #
7010599

Interior

Features
Central Air, Forced Air, Drainage System, Full, Storage Space
Heating
Forced Air
Cooling
Central Air

Exterior & lot

Features
Stone, On-Street Parking Only
Construction
Two, Stone, Age Over 8 Years, Other, Pitched
Roof
Age Over 8 Years, Other, Pitched
Foundation
Stone
Lot
580500560, Retail
Parking
On-Street Parking Only

Schools

District
Central Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Common, Heating Separate, Hot Water Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$4,124
Tax year
2024
Parcel
580500560

Location

Subdivision
City Lts Of Norwood
County
Carver
Community
Carver, City Street, Curbs, Paved Streets, northstar, Central
Directions
30 minutes of Eden Prairie on Hwy 212 to Norwood. South on Reform St, east on Elm to property.

Location

Neighborhood
City Lts Of Norwood
School district
Central Public School District

Ask about this property

Questions on 224 Elm Street W, Norwood Young America, MN 55368, or want to see it in person?

Listed by Michaelee Jenkins, RE/MAX Advantage Plus

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.