302 Chestnut Street – Virginia

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!