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    157 W 3Rd St Winona, MN 55987

    For Sale
    $4,800,000

    Commercial - Winona, MN

    Days on Market:
    197
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 157 W 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    320001360
    Parking features
    Driveway, Garage, Garage - Attached, Garage - Detached, Guest, Parking Lot, Paved or Surfaced, Secured
    Exterior features
    Brick/Stone

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1890
    Architectural style
    Other

    Keller Williams Premier Realty Rochester (507) 424-4422 [email protected]

    Listing agent Cherie Burke (507) 424-4422

    Listing date Jun 2, 2025

    MLS# 6730405 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Investment Property in Winona

    The historic Kensington is an investment property featuring a 55 plus community and commercial clientele. The property contains 48 residential units and 10 commercial units. Located in the heart of Winona, Minnesota, it is within walking distance to restaurants, shopping, and entertainment. Updates have been completed in the last couple of years, and the property has been meticulously maintained. There is an option to buy or lease parcel 320001380 (160 W 4th ST), a large commercial lot with garages and parking with potential for further development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winona
    County
    Winona
    State
    Minnesota
    Longitude
    -91.639689
    Latitude
    44.052961

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    FAQs

    What type of property is this?
    Investment property - Investment property with residential and commercial units in Winona, MN.
    Where is this investment property located?
    The property is located at 157 W 3Rd St Winona, MN.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: - Prime investment property with 48 residential and 10 commercial units.; - Located in the heart of Winona, within walking distance to restaurants, shopping, and entertainment.; - Option to buy or lease adjacent commercial lot (160 W 4th ST) with garages, parking, and development potential.
    (507) 424-4422
    Request Owner's contact information
    157 W 3Rd St Winona, MN 55987
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    Winona, MN 55987
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    Realmo Value Estimation

    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.

    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.

    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
    157 W 3Rd St Winona, MN 55987
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