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    225 3 Ave Brk Wanamingo, MN 55983

    Under Contract
    For Sale
    $400,000

    Commercial - Wanamingo, MN

    Lot size:
    2.17 Acres
    Days on Market:
    208
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 225 3 Ave Brk

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential-Single Family
    APN
    701000650
    Parking features
    Parking Lot
    Exterior features
    Block, Brick/Stone
    Lot size
    2.17 Acres

    Building Details

    Year built
    1950
    Architectural style
    Other

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

    Listing agent Breanna Kohn (507) 424-4422

    Listing date May 12, 2025

    MLS# 6711686 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

    Former School Building Opportunity

    This former school building, situated on a 2.173-acre lot in a quiet neighborhood of Wanamingo, Minnesota, presents a unique opportunity. The 63,000 sq ft structure features spacious classrooms, wide hallways, a gymnasium, and a commercial kitchen. The solid construction is ready for redevelopment, subject to city and county approval. Potential uses include residential conversion, a business hub, a retreat, a community center, or other creative redevelopments.
    Location Intelligence

    Current Use by Public Records

    Schools

    Map

    City
    Wanamingo
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.787183
    Latitude
    44.303724

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    FAQs

    What type of property is this?
    School - Former school building with redevelopment potential in Wanamingo, Minnesota.
    Where is this school located?
    The property is located at 225 3 Ave Brk Wanamingo, MN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Expansive 63,000 sq ft former school building; - Endless redevelopment possibilities (residential, business, community center, etc.) with city/county approval; - Solid structure ready for renovation
    (507) 424-4422
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    225 3 Ave Brk Wanamingo, MN 55983
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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

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    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
    225 3 Ave Brk Wanamingo, MN 55983
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