$599,000

302 Chestnut St, Virginia, MN 55792


302 Chestnut St Virginia, MN 55792

For Sale MLS# 6104752

Commercial

Data current as of {{getLocalTime('2022-08-17T21:51:03Z')}}

Details for 302 Chestnut St

MLS# 6104752

Description for 302 Chestnut St, Virginia, MN, 55792


Here is your chance to own a piece of history! The T Squared Building in Virginia, Minnesota is one of the most prolific buildings on the Iron Range. Built in 1913, the building was originally owned by The First National Bank of Virginia, and has only had two other owners since! The property has a total of 28,180 square feet of space in the heart of downtown Virginia. Inside you will find beautiful turn-of-the-century appointments such as terrazzo flooring throughout the common areas, a meticulously crafted tin ceiling, and a central marble staircase. The main floor features two retail spaces, and a restaurant space. The four upper floors feature office suites, and the basement houses the former vaults which still have the doors! On the mechanical side of things, there is an elevator to each floor, municipal steam heat, and central air on the main level. There are currently 11 tenants in addition to the owner’s suite. Some of the tenants include a gourmet deli & catering business, a hair salon, a nation-wide electronics distributor, and much more. Outside, the building features a granite, and concrete exterior. The building is truly at the heart of the city at a lighted intersection in downtown. The opportunities with this building are endless! Possible ideas range from a speak-easy style bar in the basement vaults to historic preservation/investment, or even multi-family conversion. Don’t miss your chance to own this piece of Iron Range history. Call to schedule a tour today!

Listing Information


Property Type: Commercial, None

Status: Active

Lot Size: 0.13 Acres

Square Feet:

Year Built: 1913

Foundation:

Garage: No

Stories: 4+

Construction: Poured Concrete

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 33

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: St. Louis

HERS Score:

Construction Status:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Additional Interior Features: Restrooms, Elevator

Utilities


Water: City

Sewer: City

Available Utilities:

Other Utilities:

Cooling: Central, Window

Heating: Forced Air, Steam, Radiant

Exterior / Lot Features


Parking Description:

Exterior: Brick, Other

Roof: Rubber

Lot View:

Lot Dimensions: 50' x 120'

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features: Fire Escape, Road Frontage - Paved, City, Curb/Gutters, Sidewalk, Street Lights, Storm Sewer

Soil Type:

Tillable Acres:

Driving Directions


From Highway 53: Exit onto 2nd Ave W, Left on Chestnut St, Property will be on your left.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms: Cash,Conventional,Small Business Admin.

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 090-0010-05530

Tax Amount: $6,462

Tax Year: 2022

HomeStead Description:

Price Changes


$599,000 Original Price
$599,000 Current Price
+$0 Total Change
Date Price Change
8/5/2022 10:11 AM $599,000

Sales History

Date Price Change
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Tax Summary

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Schools nearby 302 Chestnut St

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings