Historic Former Bank Building Is On Sale Now For Only $599K: Photos

VIRGINIA, MN — This historic building in downtown Virginia, Minnesota is on sale now for much less than many homes cost in the Twin Cities metro area.

Formerly owned by the First National Bank of Virginia, this building was built and completed in 1913. Features include a marble staircase, terrazzo flooring, a tin ceiling, and two vaults.

Find more photos below:

• Address: 302 Chestnut St, Virginia, MN
• Price: $599,000
• Listing Description: Here is your chance to own a piece of history! The T Squared Building in Virginia, Minnesota is one of the most prolific buildings on the Iron Range. Built in 1913, the building was originally owned by The First National Bank of Virginia, and has only had two other owners since! The property has a total of 28,180 square feet of space in the heart of downtown Virginia. Inside you will find beautiful turn-of-the-century appointments such as terrazzo flooring throughout the common areas, a meticulously crafted tin ceiling, and a central marble staircase. The main floor features two retail spaces, and a restaurant space. The four upper floors feature office suites, and the basement houses the former vaults which still have the doors! On the mechanical side of things, there is an elevator to each floor, municipal steam heat, and central air on the main level. There are currently 11 tenants in addition to the owner’s suite. Some of the tenants include a gourmet deli & catering business, a hair salon, a nation-wide electronics distributor, and much more. Outside, the building features a granite, and concrete exterior. The building is truly at the heart of the city at a lighted intersection in downtown. The opportunities with this building are endless! Possible ideas range from a speak-easy style bar in the basement vaults to historic preservation/investment, or even multi-family conversion. Don’t miss your chance to own this piece of Iron Range history. Call to schedule a tour today!

Listed by: Ryan Bayless, Re/Max Results

For more information click here. See more photos of the listing below, courtesy of Re/Max Results:

For more real estate news, follow Patch on Facebook