224 Elm Street WNorwood Young America, MN 55368
$278,000
0.06 acre lot
About this home
Own a piece of history and build your future here. Exceptional opportunity to own a beautifully maintained updated 1896 historic commercial building in downtown Norwood Young America! Offering approximately 4,000 finished square feet plus an additional 2,000-square-foot unfinished basement, this remarkable property combines timeless architectural character with extensive modern updates. The impressive main level features approximately 2,000 square feet of open space, soaring 13-foot ceilings, & charming glass storefront along the sidewalk,& full exterior stairwell to 2nd level, creating excellent visibility and a welcoming presence for retail, studio, office, or a variety of owner-user business opportunities. A current beverage permit allows for coffee and tea service. The second level offers approximately 2,000 square feet with 8 expansive rooms, impressive 11-foot ceilings, and dramatic 9-foot pocket doors that can opens the rooms up for larger gatherings or close to create private rooms for meetings, classes, offices, or other flexible uses. A 2nd full solid wood back stairwell from back of main level. Extensive updates within approximately the past eight years include central heating and air conditioning, ductwork, plumbing, and electrical, along with updated bathrooms. The approximately 2,000-square-foot solid stone basement is exceptionally well maintained and provides outstanding storage and additional utility space also with toilet and laundry hookups. Previously home to a successful quilting and fabric business, with retail on the main level and classes upstairs, the building is now vacant and ready for its next owner and vision. Ideal possibilities include boutique retail, specialty shop, coffee or tea concept, creative studio, wellness business, educational or workshop space, professional offices, or an owner-user opportunity. Potential residential or mixed-use conversion may be explored subject to zoning, city approval, permits, and applicable building codes. A rare opportunity to own a distinctive historic building with character, flexibility, modern infrastructure, and endless potential in the heart of downtown Norwood Young America!
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1896
- Lot
- 0.06 acres
- Basement
- Full, Storage Space
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Property taxes
- $4,124 a year
- Listed
- February 25, 2026
- MLS number
- 7010599
Listing courtesy of RE/MAX Advantage Plus (Michaelee Jenkins). MLS #7010599.
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How it compares
224 Elm Street W, Norwood Young America, MN 55368 is a single-family home built in 1896, listed for $278,000 on February 25, 2026 by RE/MAX Advantage Plus. That is in the middle range of the 17 single-family homes for sale in Norwood Young America right now (median $299,500).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Norwood Young America community guideSchools, commutes, parks, home values and local stories.
- Norwood Young America housing market, September 2026Homes sold for a median $325,000 over 12 months (−3.0%), 69 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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