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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.
Property Type(s):
Commercial
| Year Built | 1888 | County | Redwood |
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SCHOOLS
| School District | 2897 - Redwood Area Schools |
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Additional Details
| CONSTRUCTION | Stucco |
|---|---|
| HEAT | Natural Gas, Other |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 53x120 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 3906 |
| WATER | Public |
| ZONING | Business/Commercial |
Listed with Edina Realty
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Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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