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Neal Lawson

neal@mndreamteam.com +1(612) 418-5892

$ 285,000

Est. payment -/mo

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201 N Sibley AVE Litchfield, MN 55355

2 Beds

1 Bath

2,047 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Litchfield

MLS Listing ID 7007841

Bedrooms 2

Year Built 1890

Annual Tax Amount $1,392

Tax Year 2025

Contingent None

Lot Size 2,047 Sqft

Acres 0.047

Lot Dimensions 50 x 140

Property Description

Historic downtown commercial building. Rare chance to purchase one of the area's most significant contributing buildings in the Litchfield Historic District. The first floor is currently set up as a restaurant/bar, and ready for a new vision. Beautiful old world charm; exposed brick, ornate ceilings, original hardwood floors, large commercial windows set the tone for this unique space.
The second floor includes a very spacious (1,500sqft) two-bedroom apartment. Recently remodeled; extra tall ceilings, roof top patio, modern appliances and architectural splashes of historic finishes.
The second floor also holds the potential for two to three additional apartments. Last occupied in the 80's, these units lay in wait for a new creative vision to unlock their beauty and potential. An exciting opportunity for someone looking to add value, sweat equity, and passive income, by converting historic charm into sophisticated urban living.
Perhaps the largest upside to the building however, is through the $2 million grant (currently in process) with the City of Litchfield. A new owner may step into the position of the current applicant and become its recipient. The current application covers significant improvements to the exterior of the building including windows, doors, brick work, and other improvements. While the building stands as a testament to the area's rich heritage, the downtown has seen a resurgence of investment interest. State grants, city infrastructure projects, and the exchange of hands of many of the buildings, have all contributed to a rapid influx of investments in recent years. Making this property, at this time, an extremely attractive entry point for someone looking to capitalize on the momentum, build value and contribute to the revitalization of downtown.

Location

State MN

County Meeker

Zoning Business/Commercial

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Flooring Wood

Inclusions Building

Fireplace No

Exterior

Parking Features Parking Lot

Fence None

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Age 8 Years or Less,Rubber

Present Use Food Service,Restaurant,Bar/Tavern

Building

Lot Description Corner Lot

Story Two

Foundation 4000

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Litchfield

Listed by Timothy Cook • Premier Real Estate Services

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

201 N Sibley AVE Litchfield, MN 55355

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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