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    165 E 3Rd St Winona, MN 55987

    For Sale
    $419,000

    Commercial - Winona, MN

    Lot size:
    0.13 Acres
    Days on Market:
    88
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 165 E 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    320002130
    Exterior features
    Block
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1875
    Architectural style
    Other

    Real Broker LLC (612) 600-6000 [email protected]

    Listing agent Aaron Perleberg (612) 600-6000

    Listing date Sep 15, 2025

    MLS# 6766393 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 Downtown Mixed-Use Opportunity

    Located in the growing downtown of Winona, Minnesota, 165 E 3rd Street presents a mixed-use opportunity within a historic district. The interior has been demoed, making it ready for a customized buildout. The property qualifies for state and federal tax credits, potentially reimbursing 40% of the project cost over five years. A new membrane roof with four inches of insulation, two new skylights, and new gutters and downspouts have been installed. Masonry work addressing foundational issues has been initiated, with some remaining work to be completed. The building features a rare back courtyard that has been regraded and graveled for improved water drainage, suitable for parking or a large patio area. Additionally, there are four off-street parking spots in the rear. Plans are available that include two commercial spaces and six apartments, but alternative designs are also possible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -91.633312
    Latitude
    44.051152

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in historic district ready for buildout.
    Where is this mixed-use property located?
    The property is located at 165 E 3Rd St Winona, MN.
    What is the asking price?
    The asking price for this property is $419,000.
    What are key features of this property?
    This property features: - Qualifies for state and federal tax credits of 40% of the cost, reimbursed over five years.; - Located in a historic district in the growing downtown of Winona, Minnesota.; - Features a rare back courtyard, regraded and graveled, suitable for parking or a patio.
    (612) 600-6000
    Request Owner's contact information
    165 E 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
    165 E 3Rd St Winona, MN 55987
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