516 Bridge StRedwood Falls, MN 56283

Property Details for 516 Bridge St

Year built

1989

Property size (Sq ft)

3,950 SF

Property type

Commercial real estate

APN

88-001-1140

APU

880011140

Description

This 3,400-square-foot restaurant building, constructed in 1998, sits on a 0.75-acre lot in Redwood Falls, Minnesota. The all-brick structure features a convenient drive-thru with excellent ingress and egress. Located on East Bridge Street (US Hwy 71/MN Route 19), the property benefits from a daily traffic count of nearly 12,000 vehicles. Its strategic location places it within a mile of CentraCare Hospital, local schools, the Redwood Falls Community Center, and various recreational areas including Ramsey Park, the Redwood Falls Golf Course, Lake Redwood, and the Redwood Falls Aquatic Center. Redwood Falls, the county seat of Redwood County, boasts a population exceeding 5,800 and is experiencing significant growth, with over $120 million in new development underway. These projects include a new hospital, a 22,000-grave US veterans' cemetery, and a 300-acre expansion site designated for residential and industrial development. The property's proximity to the Jackpot Junction Casino Hotel (five miles) and a new hempcrete plant further enhances its appeal. The annual Redwood County Fair, attracting 50,000 visitors, adds to the area's vibrant economic activity. The property is zoned commercial.

• Alternative Use

  Use

  Valuation

  Residential

  $744,244

  Hospitality

  $681,724

  Educational

  $567,186

  Medical

  $586,693

  Retail

  $882,290

Location Insight

City

Redwood Falls

County

Redwood

State

Minnesota

Latitude

44.5411

Longitude

-95.1117

Property Tax & Assessments

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