216 S Washington St. | Redwood Falls $400,000

Commercial Building Opportunity 

Year Built: 1888
Exterior: Stucco, Brick/Stone

Sewer and Water Information: City Water and City Sewer
Lot Size: -  Irregular

Heating:  Forced Air, Natural Gas

Air Conditioning: Central
Zoning: Business/Commercial

Current Use: Business Service, Professional Service, Commercial

Lot Description: Corner Lot, No Stairs External

Taxes w/Assessment - $3,516
Parcel #88-200-2520, 88-200-2500

Downtown Redwood Falls commercial investment property. Two buildings included with common wall. There are two Leases in effect with long term tenants. Based on the list price the 2019 Cap Rate was 8% and the projected Cap Rate for 2020 is 8.7%. The last 6 years of cash flow is on file for review with a bank pre-approval letter and a signed commercial confidentiality and non-disclosure agreement.

Daves Brick Head Shot

Realtor

Broker Certified Appraiser

David Mattison

Price:$400,000
Address:216 S Washington St
City:Redwood Falls
County:Redwood
State:MN
Zip Code:56283
MLS:4899105
Year Built:1888
Floors:1
Square Feet:4,640
Lot Square Feet:Irregular Lot

Listing Inquiry