Sign Up Successful!
You now have access to more from Realmo!
    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

    272 E 3Rd St Winona, MN 55987

    Sponsored
    For Sale
    $695,000

    Commercial - Winona, MN

    Lot size:
    0.14 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 9 at 12:06 am

    Property Features for 272 E 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    320011200
    Parking features
    Driveway, Paved or Surfaced
    Exterior features
    Brick/Stone
    Lot size
    0.14 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1883
    Flooring type
    Tile, Vinyl, Wood
    Building materials
    Block, Frame, Plaster
    Architectural style
    Other

    We can help!

    Listing Contact
    Mitchell Walch

    Coffee House Real Estate (507) 896-7653

    Listing agent Mitchell Walch (507) 896-7653

    Listing date Feb 7, 2026

    MLS# 7018232 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Winona, MN

    This mixed-use property in Winona, Minnesota, features six residential units, four office spaces, and one retail space. Recent upgrades have been installed. The property is located in the downtown area, offering opportunities for business ventures. It includes parking behind the building and is situated near the river. The lot size is 0.144 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Winona
    County
    Winona
    State
    Minnesota
    Longitude
    -91.63009
    Latitude
    44.050895

    Nearby Similar for Sale

    • $4,800,000

      Historic Mixed-Use Investment Property

      Winona investment property featuring residential and commercial units.
      157 W 3Rd St, Winona, MN 55987
      View Details
    • $695,000
      Pending

      Iconic Mid-Century Modern Office Building

      Timeless 1959 stone office building with parking and garages.
      176 Center St, Winona, MN 55987
      View Details
    • $599,000
      0.19 Acres

      Downtown Winona Commercial Opportunity

      Rare commercial property in downtown Winona with redevelopment potential.
      177 Walnut St, Winona, MN 55987
      View Details
    • $419,000
      0.13 Acres

      Historic Downtown Mixed-Use Opportunity

      Mixed-use property in historic district ready for buildout.
      165 E 3Rd St, Winona, MN 55987
      View Details
    • $789,000
      0.19 Acres

      Downtown Winona Warehouse with Docks

      5,025 SF warehouse space in Winona's Downtown Core.
      114 E 4Th St, Winona, MN 55987
      View Details
    • $695,000
      8,796 SF

      Iconic Stone Office Building

      1959 stone office building with parking and garages.
      176 W 8Th St, Winona, MN 55987
      View Details
    • $575,000
      4,730 SF

      Downtown Winona Mixed-Use Building

      Prime Location, High-Yield Investment
      155 3Rd St, Winona, MN 55987
      View Details
    • $719,000
      10,800 SF

      Winona Candy Co. Historic Property

      Downtown Winona Commercial Gem, Huge Potential
      79 2Nd St, Winona, MN 55987
      View Details
    • $1,400,000
      14,200 SF

      Winona Industrial Building - 14,200 SF

      Spacious Industrial Property, Ample Parking
      1025 King St, Winona, MN 55987
      View Details
    • $1,800,000
      6,599 SF

      1035 Frontenac Dr, Winona, MN 55987

      Retail properties • 6,599 SF
      1035 Frontenac Dr, Winona, MN 55987
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential, office, and retail spaces in Winona.
    Where is this mixed-use property located?
    The property is located at 272 E 3Rd St Winona, MN.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Mixed-use property: features 6 residential units, 4 office spaces, and 1 retail space.; - Prime downtown location.; - Recent upgrades installed.
    (507) 896-7653
    Request Owner's contact information
    272 E 3Rd St Winona, MN 55987
    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.
    272 E 3Rd St
    Winona, MN 55987
    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
    272 E 3Rd St Winona, MN 55987
    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

    We can help!
    Listing Contact
    Mitchell Walch
    (507) 896-7653
    Learn more
    Google sign-in failed. Please try again or use another login method.