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Active
Listed
$975,000
/mo   Edit
MLS# 5614300
Commercial
Built 1870
0.13 acres
Red Wing schools
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    Description:   Amazing updated brick buildings in downtown Red Wing! Beautiful Class A restaurant/bar with $500-600K historical sales per year open just limited hours (24 hours/week) could give a new entrepreneur an high class opportunity for seven figure sales! 6 fully rented apartments with long term tenants!! About $4000/mo in rent. Great opportunity for investor to own this portfolio and lease the restaurant (approx $4500-5000/mo)! Or, enterprizing restauranteer could use apartment rent to off-set debt service and have a TURN KEY operation as all FF&E is INCLUDED!! Third floor and lower level unfinishes spaces have 12-14 ft ceilings for development into MORE INCOME!!
    List Price: $975,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1870
    City: Red Wing
    County: Goodhue
    State: MN
    Zip Code: 55066

    Interior

    Building Fin Sq Ft: 14,060 ft²
    Total Ranges: Six or More
    Total Refrigerators: Six or More
    Basement Details: Full

    Exterior

    Heating System: Forced Air
    Foundation Size: 7,000 ft²
    Shared Amenities: None
    Unit Amenities: None
    Road Frontage: City
    Handicap Accessible: Wheelchair Ramp, Partially Wheelchair
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 0
    Roof Details: Other

    Lot

    Acres: 0.13
    Lot Description: Corner Lot, Zero Lot Line
    Latitude: 44.56548000
    Longitude: -92.53404900
    Lot Size Dim.: 0x0
    Dev/Complex Name: City/Red Wing
    Zoning: Business/Commercial

    Schools

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

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $11,090
    Assessment Pending: Unknown
    Taxes w/ Assessments: $11,090

    Unit

    Total Rooms in Unit 1: 5
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 7
    Number of Efficiencies: 1

    Miscellaneous

    Current Use: Restaurant
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Fixture/Equipment, Leases, Business Assets, Rental License, Liquor Lic
    Sewer System: City Sewer/Connected
    Utilities: None
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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