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$875,000

  • For Sale
  • Active
  • Commercial
  • 7,800 Sq. Ft.
  • 0.14 Acres
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This property was built in 1911 with many recent improvements including a new roof in 2019 & all 6 units renovated in the last 3 years. One building features 6 two-bedroom apartments with the other building featuring one retail property, currently the laundromat is owned by the Landlord. The two-parcel offering includes ample Class IV gravel off-street parking in the rear of each respective building. Each unit is separately metered for gas and electric, making expenses relatively low for this investment. The residential building has new boilers (2025). The property has a strong rental history and is 100% occupied. The landlord has successfully renovated all units along with rent increases per year of 7%-10% since purchasing the building in 2020, making this acquisition a solid-performing asset in a growing community with little to no competition.

Full Property Details for 224 Main Street E

General

  • Price: $875,000
  • Taxes: $8,768 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6699747
  • Updated: 4/21/2026
  • Added to Site: 399 day(s) ago

Interior

  • Appliances: Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 12

Additional Information

  • Amenities: Cable, Ceiling Fan(s), Ethernet Wired, Kitchen Window, Main Floor Primary Bedroom, Tile Floors

Parking

  • Parking Features: Gravel, Guest Parking, Paved Lot

Location

  • County: Carver
  • Township: Norwood Young America
  • Subdivision: City Lts Of Young America
  • Driving Directions: West on 212, right on tacoma avenue, left on E Main St. Building is on right side of street.

School Information

  • School District: 647 - Central
  • High School District: Central

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Radiator
  • Heating Fuel: Electric, Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Block
  • Foundation Size: 6800
  • Roof: Age 8 Years or Less
  • Ceiling Height: 8-10
  • Disability Access: No Stairs Internal
  • Square Feet: 7,800
  • Finished Down/Base.: 7,800 Sq. Ft.
  • Current Bldg. Use: Laundromat, Residential
  • Year Built: 1911

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.14
  • Frontage: City Street
  • Potential Use: None
  • Zoning: Business/Commercial
  • Lot Description: Corner Lot, Light Tree Coverage, Underground Utilities, Zero Lot Line

Financial Considerations

  • Operating Expenses: $40,000
  • Tax Amount: $8,768
  • Tax Year: 2025
  • Terms: Assumable, Conventional, VA, Cash, Other, Special Funding
  • Owner Pays: Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Janitorial Service, Repairs, Management, Pest Control, Roof Maintenance, Security, See Remarks, Taxes, Trash Collection
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Heat, Hot Water, Sewer, Water
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: W1/2 OF LOTS 4 & 5 EXC: N 53' OF W1/2 THEREOF OLD # 95.0500520 SUBDIVISIONNAME CITY LOTS OF YOUNG AMERICA BLOCK 009 SUBDIVISIONCD 58051 SECTION 11 TOWNSHIP 115 RANGE 026
  • Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
  • Property ID: 580510470

Listed by Bridge Realty, LLC

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Listing agent

— 224 Main Street E —

  • Bridge Realty, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 224 Main Street E

School District:Central Public School District
NameGradesDistance
Central Elementary School, Norwood Young America, MN
655 Southwest 7th Street, Norwood Young America, MN 55368
K-51 mi
Central Middle School, Norwood Young America, MN
531 Morse Street North, Norwood Young America, MN 55368
6-80.8 mi
Central Senior High School, Norwood Young America, MN
531 Morse Street North, Norwood Young America, MN 55368
9-120.8 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 224 Main Street E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/04/2025
Listed
$875,000
143.06%
MLS
3/20/2020
Sold
$360,000
—
Public Record
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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 224 Main Street E

Year
Property Taxes
Change
Tax Assessment
Change
2026
$7,672
4%
$420,100
4%
2024
$7,388
16%
$403,900
—
2023
$6,390
—
$403,900
10%
2023
$6,390
7%
$367,900
12%
2021
$5,954
—
$329,500
11%
2021
$5,954
10%
$296,500
—
2020
$5,432
14%
$296,500
8%
2019
$4,752
2%
$275,000
7%
2018
$4,660
-1%
$256,700
—
2017
$4,700
-2%
$256,600
-7%
2016
$4,802
-19%
$275,000
10%
2015
$5,908
8%
$249,000
—
2014
$5,490
20%
$249,000
—
2013
$4,568
—
$249,000
—
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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224 Main Street E, Young America Township, MN 55397 (MLS# 6699747) is a Commercial property. 224 Main Street E is currently listed for $875,000 and was received on April 04, 2025. Want to learn more about 224 Main Street E? Do you have questions about finding other Commercial real estate for sale in Young America Township? You can browse all Young America Township real estate or contact a Coldwell Banker agent to request more information.

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