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Land Overlooking Wye Pond
For Sale
$44,000

513 Old Bench Street, Red Wing, MN 55066

Land, Red Wing, MN

Property SizeContact for details
Lot Size5.28 Acres
Days on Market110

Property Features for 513 Old Bench Street

General Information

Property type Land
Property subtype Other
Zoning description Business/Commercial
Subdivision Hoyts
High school district Red Wing
Directions Hwy. 61 south on Bench St., left on Tyler Rd. S., left on Old Bench St. and continue left down unpaved Old Bench St.
Standard status Active
APN 552850280
Lot size 5.28 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 538

Utilities

Utilities Cable Available
Listing Agency: Coldwell Banker Nybo & Assoc · Coldwell Banker Real Estate
Listed By: Timothy A Nybo
Added: May 19 Changed: Sep 3 Last Checked: Sep 5 at 8:06PM
MLS# 7079146

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.

Investment Insights

Based on property information with market context.

This 5.28-acre land parcel includes marshland and approximately 2.5 acres with a smaller area identified as potentially buildable. The surveyed area overlooks Wye Pond and includes views of surrounding marshland and a waterfowl and bird flyway. A partial foundation remains from a former structure, while an old well has been abandoned and sealed.

The property is addressed at 513 Old Bench Street in Red Wing, near Hwy. 61 and a commercial development area. Access is from an unimproved dead-end road with one other property containing buildings. MC – Mixed Use Industrial/Office Commercial zoning is in place. City water and sewer may be available from Bench Street, but those services are not currently located on the road fronting the property. The parcel may also be within a designated flood zone, and potential building opportunities require confirmation from the City of Red Wing Planning Department.

Key Highlights

  • 5.28 acres with marshland and approximately 2.5 acres of additional land
  • Surveyed area identified as potentially buildable and overlooking Wye Pond
  • MC – Mixed Use Industrial/Office Commercial zoning

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility Law Firm Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

Demographics for 55066, MN

18,732
Population
8,707
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
120.9 sq mi
ZIP Area
155
Density / Sq Mi
$70,529
Median Household Income
$40,764
Median Earnings
$958
Median Rent
$237,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - MC-zoned land with a surveyed area that may support future construction, subject to City of Red Wing planning review.
Where is this land located?
The property is located at 513 Old Bench Street Red Wing, MN.
What is the asking price?
The asking price for this property is $44,000.
What are key features of this property?
This property features: 5.28 acres with marshland and approximately 2.5 acres of additional land; Surveyed area identified as potentially buildable and overlooking Wye Pond; MC – Mixed Use Industrial/Office Commercial zoning
More about this property
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