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    121 Main Ave Winsted, MN 55395

    Sponsored
    For Sale
    $375,000

    Vintage Building, High Rental History, Expansion Potential

    Property size:
    4,224 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 4,224 square foot low-rise commercial building presents a rare opportunity in Winsted, Minnesota. Located at 121 Main Avenue W, this meticulously maintained vintage property boasts a proven track record of strong rental income. The building's current configuration offers ample space for various commercial uses, and its impeccable condition minimizes immediate capital expenditure needs. A significant advantage lies in the unfinished lower level, providing substantial potential for expansion. This area is ready for immediate development into additional office space, storage facilities, or even a residential apartment, depending on the buyer's needs. Detailed plans for a building addition are available, offering a clear pathway for future growth and increased revenue generation. The property sits on a conveniently sized 0.23-acre lot, providing sufficient space for both the existing building and any planned expansion. Priced competitively at $375,000, this property represents an outstanding investment opportunity for savvy commercial investors seeking a well-maintained, income-producing asset with significant upside potential. The combination of its prime location, strong rental history, and expansion possibilities makes this a truly unique offering in the Winsted market. Don't miss this chance to acquire a piece of Winsted's commercial history with a bright future.

    Property Features for 121 Main Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    4,224 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    CENTURY 21 Atwood Real Estate Agency Jeff Campbell, CENTURY ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Winsted
    County
    McLeod
    State
    Minnesota
    Longitude
    -94.04665
    Latitude
    44.96398

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    FAQs

    What type of property is this?
    Residential income property - Vintage Building, High Rental History, Expansion Potential
    Where is this residential income property located?
    The property is located at 121 Main Ave Winsted, MN.
    What is the asking price?
    The asking price for this property is $375,000.
    (952) 475-8000
    Request Owner's contact information
    121 Main Ave Winsted, MN 55395
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    Winsted, MN 55395
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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
    121 Main Ave Winsted, MN 55395
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