201 N Sibley Ave 6,390 SF Retail Building Litchfield, MN 55355 $285,000 ($44.60/SF)

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 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.