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    320 W 3Rd St Red Wing, MN 55066

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    For Sale
    $499,000

    Charming commercial building in Red Wing, ideal for retail/office.

    Property size:
    4,075 SF
    Lot size:
    0.05 Acres

    Property Features for 320 W 3Rd St

    General Information

    Size
    4,075 SF
    Lot size
    0.05 Acres

    Source: Caspian Group Agent Angie N. Frandrup, LEED AP

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Red Wing Retail/Office Building

    Located in the heart of Red Wing, this commercial building is suitable for retail, restaurant, or office use, as well as investment purposes. The city is a destination for travelers, offering retail, dining, lodging, outdoor adventures, live entertainment, and unique experiences. The historic commercial building features an upper level, street level, and lower levels. It is suitable for retail, office, or restaurant uses. Ample parking and power are available. The building is well maintained and located in a growing city and tourist destination off the Mississippi River and Great River Road. The property has a size of 4075 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Cut Above Home Home Goods Store

    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
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.5339307
    Latitude
    44.5656354

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    FAQs

    What type of property is this?
    Retail space - Charming commercial building in Red Wing, ideal for retail/office.
    Where is this retail space located?
    The property is located at 320 W 3Rd St Red Wing, MN.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Prime "Main and Main" location in the heart of Red Wing.; - Suitable for retail, restaurant, or office use. Great for owner-occupiers or investors.; - Located in a growing city and tourist destination off the Mississippi River.
    (612) 387-3618
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    320 W 3Rd St Red Wing, MN 55066
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    Red Wing, MN 55066
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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
    320 W 3Rd St Red Wing, MN 55066
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