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    79 2Nd St Winona, MN 55987

    Sponsored
    For Sale
    $719,000

    Downtown Winona Commercial Gem, Huge Potential

    Property size:
    10,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property presents a rare opportunity to acquire a piece of Winona's rich history. Located in the heart of downtown Winona, Minnesota, at 79 2nd Street East, this offering encompasses two attached buildings totaling 10,800 square feet on a 0.13-acre lot. The property's history is deeply rooted in the community, having once served as the home of the renowned Winona Candy Company. The main warehouse building boasts substantial main floor retail space, complemented by three additional open upper floors brimming with redevelopment potential. These expansive upper levels offer a blank canvas for creative vision, whether for additional retail, office space, or residential conversion. The building facing 3rd Street currently features ground-floor retail space, enhanced by two apartments situated above, providing immediate income potential or the option for owner-occupancy. The combined buildings offer a unique blend of established commercial space and significant upside potential, making this an ideal investment for entrepreneurs and developers seeking a prominent location in a thriving downtown area. The asking price for this remarkable property is $719,000. This is a truly exceptional opportunity to own a piece of Winona's legacy and shape its future.

    Property Features for 79 2Nd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,800 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winona
    County
    WINONA
    State
    Minnesota
    Longitude
    -91.63497
    Latitude
    44.05279

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Winona Commercial Gem, Huge Potential
    Where is this commercial real estate located?
    The property is located at 79 2Nd St Winona, MN.
    What is the asking price?
    The asking price for this property is $719,000.
    (608) 781-4511
    Request Owner's contact information
    79 2Nd St 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
    79 2Nd St Winona, MN 55987
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