Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 W 2nd Street Winthrop, MN 55396

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $149,900

    Commercial - Winthrop, MN

    Added:
    May 22, 2025
    Days on Market:
    339
    Last Refresh:
    Apr 25 at 3:06 am

    Property Features for 111 W 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Parking features
    Driveway
    Standard status
    Active Under Contract
    APN
    370078000

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1087

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1977
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    CARLOS CARRERA
    CARLOS CARRERA

    Listing agent CARLOS CARRERA

    Listing office RE/MAX DYNAMIC AGENTS 1720 Adams Street, Mankato, MN

    Listing date May 22, 2025

    MLS# 7037532 Listing URL

    Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Industrial/Commercial Metal Building

    This 60' x 60' metal building, originally constructed as a welding shop, offers a functional and versatile industrial or commercial space. Located on a sizable lot in Winthrop, MN, it features 13-foot side walls and a durable concrete floor, suitable for heavy-duty work and equipment. The interior is well-lit with fluorescent lighting fixtures. The shop is equipped with a 20-foot wide by 12-foot high overhead door operated by a garage door opener, allowing easy access for large vehicles or equipment. Inside, there is a 9' x 19' office area suitable for administrative or management use, with a mezzanine above that has a 6-foot ceiling height, perfect for additional storage or light-duty workspace. One of the building's standout features is a 2-ton hoist system on a craneway with a 24-foot span and 39-foot run, providing support for lifting and material handling tasks. It also includes plumbed air compressor supply lines for pneumatic tools, and the space is heated with forced air heat, making it usable year-round. This property is suited for light manufacturing, fabrication, mechanical work, or any business needing robust utility infrastructure in a functional layout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    County
    Sibley
    State
    Minnesota
    Longitude
    -94.365418
    Latitude
    44.540879

    Nearby Similar for Sale

    • $55,000

      Winthrop Commercial Investment Opportunity

      Commercial property in Winthrop, MN with multiple potential uses.
      20 S Renville Street, Winthrop, MN 55396
      View Details
    • $139,900

      Winthrop Retail/Office Space For Sale

      4,000 SF retail or office space in downtown Winthrop.
      106 N Renville Street, Winthrop, MN 55396
      View Details
    • $129,900

      Versatile Warehouse in Winthrop, MN

      5,000 SF warehouse on 0.25 acres, ideal for industrial use.
      108 N Renville Street, Winthrop, MN 55396
      View Details
    • $2,875,000
      82,070 SF

      Winthrop Warehouse Space Available

      82,070 SF warehouse space for lease in Winthrop, MN.
      55508 State Hwy 19, Winthrop, MN
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Functional space ideal for manufacturing, fabrication, or mechanical work.
    Where is this manufacturing property located?
    The property is located at 111 W 2nd Street Winthrop, MN.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Heavy‑duty 2‑ton hoist system with 24‑foot span and 39‑foot run for material handling.; Large 20' x 12' overhead door for easy access of large vehicles and equipment.; Durable 60' x 60' metal building with concrete floor, suitable for industrial use.
    (507) 385-2107
    We can help!
    Listing Contact
    CARLOS CARRERA
    CARLOS CARRERA
    Real Estate License ID: 20451253
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!