145 Railway Street W Loretto, MN 55357 MLS# 7155122
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Property Description Hereâs an excellent opportunity to own a well-positioned commercial property in the heart of Loretto. Built in 2005, this two-story building offers approximately 6,568 square feet of space with a functional layout, 11-foot ceiling heights, and dedicated parking, making it a strong fit for an owner-user, investor, or business looking for a professional location. The property sits on approximately 0.26 acres and is zoned Traditional Commercial, offering flexibility for a variety of commercial uses, such as restaurants, a gym, a retail shop, medical offices, professional offices, etc. Its downtown location puts businesses within easy reach of local restaurants, services, and other established businesses, while providing convenient access to County Road 19 and Highway 55. With approximately 3,284 square feet per floor, the building offers plenty of room for offices, professional services, or a business looking to establish a larger presence in the community. Whether you're looking to occupy the space yourself or add a commercial asset to your portfolio, 145 Railway St W offers a combination of location, size, accessibility, and long-term potential that's worth a closer look.
Details
Maps
Contract Information
Status: Active
Current Price: 1200000
Contingency: None
ListPrice: 1200000
List Date: 2026-10-04
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 2005
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 3284
Garage Stalls: 4
For Sale or Lease: For Sale
Acres: 0.26
Lot Dimensions: 11326
Assessment Pending: No
Location Tax and Other Information
House Number: 145
Street Name: Railway
Street Suffix: Street
Street Direction Suffix: W
Postal City: Loretto
County: Hennepin
State: MN
Zip Code: 55357
Complex/Dev/Subdivision: Loretto Center Add
Assessments
Tax With Assessments: 26807
Building Information
Building Finished SqFt: 6568
Income and Expenses
Annual Gross Income: 25200
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 06
Township#: 118
Sale Options
Sale Includes: Building, Land
Unit Details
Total Units: 1
Property Features
Accessible: Partially Wheelchair
Air Conditioning: Central Air
CMU Style: Business Opportunity; Office; Other
Construction Status: Previously Owned
Current Use: Office; Professional Service
Exterior: Brick/Stone
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional; Other
On Site Utilities: Electric Common; Heating Common