226 S Washington Street, Redwood Falls, MN 56283
Redwood County
Key Facts
Description
This versatile mixed-use building in the heart of Downtown Redwood Falls offers a great opportunity for both investors and business owners. The main level features a turn-key commercial space with a flexible layout, making it ideal for a boutique, specialty retail shop, office, or other business ventures looking to benefit from strong visibility and steady foot traffic. Inside, the space showcases exposed brick walls, warm wood floors, and large front windows that fill the interior with natural light and create an inviting storefront presence. A dressing room, existing counter area, and additional storage in the back add to the functionality, allowing for an easy transition into a new or expanding business. Upstairs, the property includes two residential units, adding valuable income potential. One unit offers one bedroom plus a non-conforming bedroom, while the second features two bedrooms. One of the apartments is currently rented, providing immediate cash flow. Both units also have access to the rear rooftop area, offering potential for a shared outdoor space, and each apartment is equipped with its own separate electrical meter. Located in a prime downtown setting, this property combines commercial opportunity with residential income, all in a location that continues to grow and attract new energy. Whether you are looking to invest, occupy, or both, this is a unique chance to be part of Downtown Redwood Falls.
Property Information
Property Type
Commercial Sale
Year Built
1888
Stories
2
Lot Size
0.06 acres
Lot Dimensions
24x120
Zoning
Business/Commercial
Days on Market
7
MLS® Listing#
7064007
Property Features
Heating
Basement
Foundation
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$1,556
Parcel Number
882002640
Directions
Heading east on Hwy 19, make a right on Washington St. Building is on the right side after the alleyway.
Affordability Calculator
$25,980
Estimated monthly payment
$691/mo
Principal $103,920 · Est. interest $144,978 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Redwood Falls, MN
- $293,805
- Median Listing Price
- 99
- Median Days on Market
- 1,847
- Median Sq Ft
- $150
- Median Price / Sq Ft
- 516
- Active Listings
- This home’s price is 56% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Redwood Falls, MN.
Location
- 226 S Washington Street, Redwood Falls, MN 56283
Points of Interest in Redwood Falls, MN
Showing the Redwood Falls area map.
Nearby Schools
St. John Lutheran Church and School Redwood Falls
School · 0.3 mi away
Reede Gray Elementary School
Elementary · 0.8 mi away
Redwood Area School District
School · 1.3 mi away
Redwood Area Schools Alumni
School · 1.3 mi away
Redwood Valley High School
Secondary · 1.3 mi away
Beliview Learning Center
School · 11.2 mi away
Wabasso Public School
Secondary · 11.4 mi away
St Anne's Elementary School
Elementary · 11.6 mi away
Cedar Mountain Elementary School
Elementary · 11.6 mi away
St Michael's School
School · 12.6 mi away
Cedar Mountain Secondary
Secondary · 12.9 mi away
Echo Charter School
School · 15.3 mi away
Bold High School
Secondary · 17.1 mi away
Renville County West Elementary
Elementary · 17.9 mi away
RCW Schools
School · 17.9 mi away
St Mary's Grade School
School · 19.0 mi away
Bold Bird Island Elementary
Elementary · 19.0 mi away
The Learning Funhouse
School · 19.2 mi away
Prairie Lutheran School
School · 19.7 mi away
GFW Middle School
School · 19.8 mi away
Commute Calculator
Nearby Homes
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3193 Town Road 397, International Falls, MN | $93,800 | 3 | 2 | 1,064 |
| 416 10th Street, International Falls, MN | $98,000 | 3 | 1 | 1,026 |
| 309 S Jefferson Street, Redwood Falls, MN | $99,900 | 3 | 2 | 1,575 |
| 620 5th Avenue, International Falls, MN | $100,000 | 4 | 3 | 1,840 |
| 620 5th Avenue, International Falls, MN | $100,000 | 4 | 3 | 1,840 |
| 1127 7th Street, International Falls, MN | $100,000 | 4 | 3 | 2,024 |
Moving Cost Estimate
EXIT Agents in Redwood Falls
Listing Courtesy: Re/Max Realty Plus - 5076373236
Presented by: Shannon Guetter