$875,000
224 Main Street E Norwood Young America, MN 55397
For Sale MLS# 6699747
Other
Details for 224 Main Street E
MLS# 6699747
Description for 224 Main Street E, Norwood Young America, MN, 55397
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.
Listing Information
Property Type: Commercial
Status: Active
Bedrooms: 12
Bathrooms: 6
Lot Size: 0.14 Acres
Square Feet: 7,000 sq ft
Year Built: 1911
Foundation: 6,800 sq ft
Stories: 2 Stories
Subdivision: City Lts Of Young America
Number Of Units Total: 7
Current Use: Laundromat,Residential
County: Carver
Days On Market: 332
Construction Status: Previously Owned
School Information
District: 108 - Central
Interior Features
Appliances: Microwave, Range, Refrigerator, Gas Water Heater, Stainless Steel Appliances
Flooring: Luxury Vinyl Plank
Doors/Windows: Double Pane Windows, Insulated Windows
Accessibility: No Stairs Internal
Additional Interior Features: Tile Floors, Cable, Ethernet Wired, Ceiling Fan(s), Kitchen Window
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate
Cooling: Window
Heating: Electric, Baseboard, Natural Gas, Radiator
Exterior / Lot Features
Open Parking: 8
Parking Description: Guest Parking, Paved Lot, Driveway - Gravel
Exterior: Vinyl
Roof: Age 8 Years or Less
Zoning: Business/Commercial
Topography: Level
Additional Exterior/Lot Features: Corner Lot, Tree Coverage - Light, Zero Lot Line, Underground Utilities, Land Inclusions - Building,Business,Business Assets,Fixture/Equipment,Inventory,Land,Leases, Road Frontage - City
Driving Directions
West on 212, right on tacoma avenue, left on E Main St. Building is on right side of street.
Financial Considerations
Tenant Pays: Cable T.V.,Electric,Gas,Heat,Sewer,Water
Owner Pays: Insurance,Janitorial,Maintenance/Repair,Repairs,Taxes,Trash
Gross Income: 100000
Expense: 40000
Tax/Property ID: 580510470
Tax Amount: 8768
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Bridge Realty, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 224 Main Street E
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 224 Main Street E
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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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