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Active
Listed
$450,000
/mo   Edit
MLS# 5654267
Commercial
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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    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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    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.