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MLS# 5654267
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


    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


    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


    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


    School District: 256
    District Phone: 651-385-4500


    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


    Annual Gross Income: $59,400


    Annual Net Income: $57,080


    Total Rooms in Unit 1: 1
    Total Rooms in Unit 2: 1
    Total Units: 3


    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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    Get to know our Home Mortgage Professionals

    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 and should be verified by the buyer.