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Call (763) 576-8286 for assistance
Call (763) 576-8286 for assistance
405 W 3rd Street Red Wing
Active
Listed
$450,000
MLS# 5654267
Commercial / Apartments/Retail
Built 1900
0.07 acres
Red Wing schools
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Description: A gorgeous historic retail space with 2 apartment units in an exceptional location! With $300, 000 in rehab, 100's of hours of work, every aspect of this building is eye candy with high quality finishes. The main floor retail space features brand new maple floors, re-tuck pointed brick, and a new bathroom. A great opportunity for a clean slate retail opportunity with plenty of storage or workspace in the lower level. All of the utilities are new in the last six month or five years. Red Wing is a bustling river town including Red Wing Shoes, Riddell Hockey Skates, large marinas, and more!
List Price:
$450,000
Price/sq ft:
None
Property Type:
Commercial
Listing Status:
Active
Contingency:
None
Property Style:
Apartments/Retail
Year Built:
1900
City:
Red Wing
County:
Goodhue
State:
MN
Zip Code:
55066
Interior
Building Fin Sq Ft:
4,766 ft²
Appliances Included:
Refrigerator, Washer, Dryer, Gas Water Heater
Total Ranges:
Two
Total Refrigerators:
Two
Basement Details:
Full, Partially Finished, Stone/Rock, Storage Space
Exterior
Air Conditioning:
Central Air
Heating System:
Forced Air, Radiant Floor
Foundation Size:
2,386 ft²
Unit Amenities:
Washer/Dryer Hookup, Ethernet Wired, Hardwood Floors, Tiled Floors
Road Frontage:
City Street, Paved Streets, Curbs, Sidewalks
Handicap Accessible:
None
Exterior Material:
Brick/Stone
Garage Spaces:
0
Other Parking Spaces:
0
Roof Details:
Flat
Lot
Acres:
0.07
Latitude:
44.56477301
Longitude:
-92.53411198
Lot Size Dim.:
4
Dev/Complex Name:
City/Red Wing
Zoning:
Business/Commercial, Residential-Multi-Family
Schools
School District:
256
District Phone:
651-385-4500
Expenses
Annual Insurance Expense:
$1,000
Annual Water/Sewer Expense:
$1,320
Tenant Expenses:
Electricity, Cable TV
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$6,058
Assessment Pending:
No
Taxes w/ Assessments:
$6,058
Income
Annual Gross Income:
$59,400
Rent
Annual Net Income:
$57,080
Unit
Total Rooms in Unit 1:
1
Total Rooms in Unit 2:
1
Total Units:
3
Miscellaneous
Current Use:
Retail, Other, Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Separate, Hot Water Common
Water System:
City Water/Connected
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TruStone
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Movement
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Roaldson
CrossCountry
Jeff Zajac
Area Sales Manager
TruStone Home Mortgage NMLS#373627
Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
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Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.