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$1,200,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.26 Acres
  • Updated 7 hours ago
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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.

Full Property Details for 145 Railway St W

General

  • Price: $1,200,000
  • Taxes: $26,807 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7155122
  • Updated: 10/6/2026
  • Added to Site: 2 day(s) ago

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 4
  • Parking Features: Attached Garage

Location

  • County: Hennepin
  • Township: Loretto
  • Subdivision: Loretto Center Add
  • Driving Directions: Coming West on Highway 55, take a left on Independence Regional Trail, in about 0.8 miles, make a right on Railway St W. Property will be on your left.

School Information

  • School District: 879 - Delano
  • High School District: Delano

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common

Structural Information

  • Foundation Size: 3284
  • Disability Access: Partially Wheelchair
  • Current Bldg. Use: Office, Professional Service
  • Year Built: 2005

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Dimensions: 11326
  • Potential Use: Office, Professional Service, Restaurant, Retail, Lounge/Bar, Medical/Dental
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $26,807
  • Tax Year: 2026
  • Terms: Conventional, Cash, Other
  • Owner Pays: All Utilities

Disclosures and Reports

  • Legal Description: LOT 002 BLOCK 001 LORETTO CENTER ADDN
  • Inclusions: Building, Land
  • Property ID: 611823340089

Listed by Re/Max Results

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— 145 Railway St W —

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NMLS#: 1598647

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Schools serving 145 Railway St W

School District:Delano Public School District
NameGradesDistance
Delano Elementary School
678 Tiger Drive, Delano, MN 55328
K-46.8 mi
Delano Senior High School
700 Elm Avenue East, Delano, MN 55328
9-127 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 145 Railway St W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/04/2026
Listed
$1,200,000
54.84%
MLS
6/30/2022
Sold
$775,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 145 Railway St W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$26,807
2%
$835,000
—
2025
$26,184
11%
$835,000
5%
2023
$23,623
-1%
$795,000
4%
2023
$23,823
-5%
$765,000
5%
2020
$25,206
1%
$726,000
5%
2019
$25,076
-13%
$691,000
-10%
2018
$28,708
1%
$768,000
6%
2017
$28,463
2%
$722,000
5%
2016
$27,958
6%
$688,000
—
2015
$26,493
-3%
$688,000
—
2014
$27,328
-5%
$688,000
6%
2013
$28,684
—
$650,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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145 Railway Street W, Loretto, MN 55357 (MLS# 7155122) is a Commercial property. 145 Railway Street W is currently listed for $1,200,000 and was received on October 04, 2026. Want to learn more about 145 Railway Street W? Do you have questions about finding other Commercial real estate for sale in Loretto? You can browse all Loretto real estate or contact a Coldwell Banker agent to request more information.

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