For Sale: Loretto MLS# 7155122
Active
NEW!
$1,200,000
Commercial: 2 Stories
Built 2005
0.26 acres
Delano schools
MLS# 7155122
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Property Description
Here’s an excellent opportunity to own a well-positioned commercial property in the heart of Loretto. Built in 2005, this two-story building offers approximately 6, 568 square feet of space with a functional layout, 11-foot ceiling heights, and dedicated parking, making it a strong fit for an owner-user, investor, or business looking for a professional location. The property sits on approximately 0.26 acres and is zoned Traditional Commercial, offering flexibility for a variety of commercial uses, such as restaurants, a gym, a retail shop, medical offices, professional offices, etc. Its downtown location puts businesses within easy reach of local restaurants, services, and other established businesses, while providing convenient access to County Road 19 and Highway 55. With approximately 3, 284 square feet per floor, the building offers plenty of room for offices, professional services, or a business looking to establish a larger presence in the community. Whether you're looking to occupy the space yourself or add a commercial asset to your portfolio, 145 Railway St W offers a combination of location, size, accessibility, and long-term potential that's worth a closer look.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Loretto
Garage Spaces:
4
County:
Hennepin
Year Built:
2005
State:
MN
Property Style:
2 Stories
Zip Code:
55357
Subdivision Name:
Loretto Center Add
Exterior
Stories:
Two
Garage Spaces:
4
Air Conditioning:
Central Air
Foundation Size:
3,284 ft2
Handicap Accessible:
Partially Wheelchair
Heating System:
Forced Air
Parking Features:
Attached Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.26
Geolocation:
45.054043, -93.636734
Inclusions:
Building, Land
Lot Dimensions:
11326
Zoning:
Business/Commercial
Schools
School District:
879
District Phone:
7639723365
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$26,807
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$26,807
Income
Annual Gross Income:
$25,200
Units
Total Units:
1
Miscellaneous
Current Use:
- Office
- Professional Service
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Re/Max Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.