$4,800,000
Winona, MN 55987
MLS# 7046317
1 / 24
Property Description
Discover this rare opportunity to own the historic Kensington, a premier investment property in the heart of downtown Winona. This vibrant 55+ community pairs a dynamic residential atmosphere with a thriving commercial clientele. Steps away from dining, shopping and entertainment, this well-established property boasts modern amenities, a vibrant social scene, and a loyal resident base. As retirement grows at a record pace, this is a prime moment to invest. The property is meticulously maintained and fully rented. There is also an option to acquire an additional parcel, a large commercial lot with garages and parking offering further development potential. Contact us today to learn more about this exceptional turnkey investment!
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $4,800,000
Contingency: None
ListPrice: 4800000
List Date: 2026-04-02
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 58
Waterfront Present: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 120x140
Acres: 0.77
Foundation Size: 14774
Garage Stalls: 11
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: SECT-23 TWP-107 RANGE-007 ORIGINAL PLAT LOT-001 BLOCK-019 ORIGINAL PLAT & LOT 2
Listing City: Winona
Map Page: 999
Municipality: Winona
School District: Winona Area Public Schools
School District Phone: 507-494-0861
Zip Plus 4: 7144
Property ID Number: 320001360
Tax Year: 2025
Tax Amount: 47760
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Discover this rare opportunity to own the historic Kensington, a premier investment property in the heart of downtown Winona. This vibrant 55+ community pairs a dynamic residential atmosphere with a thriving commercial clientele. Steps away from dining, shopping and entertainment, this well-established property boasts modern amenities, a vibrant social scene, and a loyal resident base. As retirement grows at a record pace, this is a prime moment to invest. The property is meticulously maintained and fully rented. There is also an option to acquire an additional parcel, a large commercial lot with garages and parking offering further development potential. Contact us today to learn more about this exceptional turnkey investment!
Directions: Hwy 61 and Huff street head north to 3rd St. Turn right to Johnson Street.
Accessible
Doors 36"+: 1
Fully Wheelchair: 1
Grab Bars In Bathroom: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 47760
Building Information
Building Finished SqFt: 51548
Building SqFt: 58774
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Foundation
Combination: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 3000
Parking Lot: 1
Paved Lot: 1
Public Survey Info
Range#: 07
Section#: 23
Township#: 107
Sale Options
Sale Includes: Building, Fixture/Equipment, Leases
Sewer
City Sewer - In Street: 1
Unit Details
Total Units: 58
Water
City Water - In Street: 1
On Site Utilities
Electric Separate: 1
CMU Style
Apartments and Retail: 1
Current Use
Commercial: 1
Residential: 1
Retail: 1
Potential Use
Income: 1
Professional: 1
Retail: 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: Doors 36"+; Fully Wheelchair; Grab Bars In Bathroom
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Commercial; Residential; Retail
Exterior: Brick/Stone
Foundation: Combination
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Electric Separate
Parking Characteristics: Parking Lot; Paved Lot
Potential Use: Income; Professional; Retail
Sewer: City Sewer - In Street
Water: City Water - In Street
Listing Office: Keller Williams Premier Realty
Last Updated: April - 21 - 2026
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.