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    155 3Rd St Winona, MN 55987

    Sponsored
    For Sale
    $575,000

    Prime Location, High-Yield Investment

    Property size:
    4,730 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, located at 155 3rd Street E Unit 3 in Winona, Minnesota, presents a compelling investment opportunity in the heart of the city's downtown core. The 4,730 square foot building sits on a 0.08-acre lot and offers a blend of residential and commercial space, currently generating income from both. The commercial space is secured by a two-year lease, ensuring immediate cash flow. The residential units, totaling approximately 2400 square feet (1400 sq ft on the second and third floors, and 1000 sq ft on the second floor), are rented on a month-to-month basis, providing flexibility for future management. All units have separate utilities, simplifying tenant management and maximizing efficiency. The building and its equipment have been meticulously maintained and updated, minimizing potential maintenance costs for the new owner. This property is ideally suited for an investor seeking a stable, high-yield return or an owner-occupant looking to establish a presence in Winona's thriving downtown area. The asking price is $575,000. The business operating within the commercial space is not included in the sale. This is a rare chance to acquire a well-maintained, income-producing property in a desirable location with significant growth potential.

    Property Features for 155 3Rd St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,730 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winona
    County
    Winona
    State
    Minnesota
    Longitude
    -91.63372
    Latitude
    44.05127

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High-Yield Investment
    Where is this mixed-use property located?
    The property is located at 155 3Rd St Winona, MN.
    What is the asking price?
    The asking price for this property is $575,000.
    (507) 282-1700
    Request Owner's contact information
    155 3Rd St Winona, MN 55987
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    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
    155 3Rd St Winona, MN 55987
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