201 N Sibley AVE Litchfield, MN 55355
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
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 a grant currently in process with the City of Litchfield. Litchfield was a awarded $2 million facade grant in 2024 that comes into affect in Spring 2026. 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
Others
Virtual Tour https://www.wellcomemat.com/mls/54sndd9406b61mfc6
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