Milroy State Bank Building
| Company type | Building |
|---|---|
| Industry | Banking (historically) |
| Founded | 1902 |
| Fate | Ceased banking operations in 1930; repurposed for other uses |
| Headquarters | Milroy , United States |
Number of employees | 0 |
The Milroy State Bank Building stands at the corner of Superior Street and Euclid Avenue (Minnesota State Highway 68) in Milroy, Minnesota. Constructed in 1902 by entrepreneurs from Springfield, Minnesota, its design bears a strong resemblance to the Clements State Bank Building located in Clements, Minnesota. This similarity highlights the influence of external investors along the Minnesota Western Branch of the Chicago and North Western Railway.
Banking activities at this site ended in 1930, after which the building was repurposed for various uses, such as housing a doctor's office and serving as a bank exchange. Between 1951 and 1989, it functioned as the post office for Milroy until a newer postal facility was opened. On August 11, 1980, it earned a place on the National Register of Historic Places, joining other notable structures within Redwood County.
Following an extended period of neglect marked by a collapsed roof and absence of heating, local business owner Sunny Ruthchild acquired the property in 2009 for approximately $1,000 and began restoration efforts. Renovations encompassed fixing the roof, refurbishing floors, fitting energy-efficient windows, and installing a geothermal heating system. The upper level is currently rented as residential space, while the ground floor is intended to host a small enterprise such as a café or bakery.