164 E 2nd Street, Redwood Falls, MN

$265,000

8,000

Square feet

0.11

Acres

About 164 E 2nd Street

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 flexibility for offices, a conference room, storage, or other business needs. Both buildings have benefited from extensive updates and maintenance over the years, including HVAC improvements, roofing, tuckpointing, LED lighting, plumbing fixtures, exterior repairs and painting, water mitigation, and updated entrances. Most recently, additional office space was completed in the Washington Street building in 2026. Located in the heart of downtown, this property offers a unique combination of existing tenants, income potential, updated office space, and room for an owner-occupied business or additional rental income. A great opportunity for an investor, business owner, or a combination of both. Inquire with a signed NDA for all the details.

Features of 164 E 2nd Street

MLS® # 7131558
Price $265,000
Square Footage 8,000
Acres 0.11
Year Built 1888
Type Commercial
Status Active
Contingency Type None

Community Information

Address 164 E 2nd Street
City Redwood Falls
County Redwood
State MN
Zip Code 56283

Amenities

Utilities Electric Separate, Hot Water Separate
Parking On-Street Parking Only
Is Waterfront No
Has Pool No

Interior

Heating Other
Fireplace No
Has Basement No

Exterior

Exterior Features Stucco

School Information

District Redwood Area Schools

Additional Information

Zoning Business/Commercial
Foreclosure No
Short Sale No
Taxes $3,906
Tax Year 2025
Office Edina Realty

Listing Details

OfficeEdina Realty

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