Apartment Building

Windom, MN Apartment Buildings for Sale

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Converted Motel Apartment Community
Updated: May 15
Converted Motel Apartment Community

1955 FIRST AVE N, Windom, MN 56101

$4,200,000
27,332 sqft
Converted motel into a 3‑building affordable apartment community with 37 apartment units
Built in 2000 and extensively renovated in 2020, including updated kitchens, bathrooms, and vinyl plank flooring throughout
On‑site amenities include leasing office, laundry facility, and dedicated mail room
Includes 10 detached garages and 4 storage lockers for resident storage and parking
Existing property tax abatement in place to support cash flow
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Windom, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Downtown Building
Mixed-Use Downtown Building

40 Downtown Plaza, Fairmont, MN 56031

$595,000
7,200 sqft

Two-story concrete and brick building with a main-level nail salon, warehouse/flex space, and second-floor apartments.

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City Side Estates Apartments
City Side Estates Apartments

600 Burton Lane, Fairmont, MN 56031

$2,800,000
36,840 sqft

36-unit apartment complex in Fairmont, MN, with 19 garages.

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Renovation-Ready 6-Plex
Renovation-Ready 6-Plex

21 W 1ST ST, Spencer, IA 51301

$175,000
4,308 sqft 0.12 AC lot

Partially remodeled 6-plex with 2 units rented and 4 units available for renovation and lease-up.

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68-Unit Concrete Apartment Building
68-Unit Concrete Apartment Building

110 4th Street SE, Spencer, IA 51301

Contact for pricing

Well-built concrete multifamily with individually metered electric and A/C in all units.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Retail-Zoned Development Land Opportunity
Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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Commercial Buildable Land Parcel
Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000
0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos
Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000
0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Windom, MN

Consider similar Off-Market properties in Windom, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1685 Redding Ave
Multifamily properties

1685 Redding Ave, Windom, MN 56101

Value Estimation by Request
56,019 sqft 1.88 AC lot
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Windom, MN Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Windom, MN on our real estate platform. These investment opportunities span a total of 27,332 square feet of properties for sale, with an estimated market value of $4,200,000.

Sale prices for two-family homes in Windom, MN average $4,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 6,081
Population Growth (5Y) +3.3%
Median Household Income $71,354
College Educated 31.2%

Taxes & Financing

Tax Rate (average for all types) 2.50%
Property Tax per SF $34.49 per SF
Tax Rate vs County Average 0.34 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cottonwood County

New Delisted

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