$3,700,000
Winona, MN 55987
MLS# 6239336
Status: Closed
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Property Description
Here is your chance to own a piece of Winona history, along with an investment opportunity. There are 11 commercial units, along with 48 residential apartments. Current CAP rate of 10.02%
Details
Maps
Contract Information
Allow Auto Valuation: Yes
Allow Consumer Comment: No
Owner is an Agent?: Yes
Auction?: No
Status: Closed
Off Market Date: 2023-04-20
Current Price: $3,700,000
Closed Date: 2023-07-14
Sales Close Price: 3700000
Original List Price: 3500000
Contingency: None
ListPrice: 3400000
List Date: 2022-07-23
Office/Member Info
Association: SEMR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 48
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 120 x 140
Acres: 0.39
Foundation Size: 13100
Lot Size SqFt: 16814.16
Garage Stalls: 13
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Map Page: 999
Municipality: Winona
Rental License?: Yes
School District: Winona Area Public Schools
School District Phone: 507-494-0861
Map Coordinate Source: King's Street Atlas
Zip Plus 4: 6602
Property ID Number: 320001360
Tax Year: 2022
Tax Amount: 51196
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Here is your chance to own a piece of Winona history, along with an investment opportunity. There are 11 commercial units, along with 48 residential apartments. Current CAP rate of 10.02%
Directions: Take Huff St toward the river. Take a right (east) on 3rd St. Building is on the right hand side of the road.
Accessible
Accessible Elevator Installed: 1
Wheelchair Ramp: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 51420
Building Information
Building Finished SqFt: 50000
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lease Details
Land Leased: Not Applicable
Monthly Land Lease Amt: 0
Miscellaneous Information
FIPS Code: 27169
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Assigned: 1
Carport: 1
Garage Door Opener: 1
Paved Lot: 1
Public Survey Info
Range#: 07
Section#: 23
Township#: 107
Rental License Type
Standard: 1
Sale Options
Sale Includes: Building,Business Assets,Fixture/Equipment,Land,Leases,Rental License
Sewer
City Sewer/Connected: 1
Unit Details
Total Units: 58
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Income: 516000
On Site Utilities
Electric Separate: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
High Rise: 1
Mixed Use: 1
Current Use
Beauty/Barber Shop: 1
Commercial: 1
Residential: 1
Restaurant: 1
Location Tax and Other Information
House Number: 157
Street Direction Prefix: W
Street Name: 3rd
Street Suffix: Street
Postal City: Winona
County: Winona
State: MN
Zip Code: 55987
Property Features
Accessible: Accessible Elevator Installed; Wheelchair Ramp
CMU Style: Apartments/Multi Family; High Rise; Mixed Use
Construction Status: Previously Owned
Current Use: Beauty/Barber Shop; Commercial; Residential; Restaurant
Exterior: Brick/Stone
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Parking Characteristics: Assigned; Carport; Garage Door Opener; Paved Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Richard L. Jacobson Real Estate
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.