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    1618-1626 W 3Rd St Red Wing, MN 55066

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    For Sale
    $1,000,000

    Spacious property in West End District, ideal for various businesses.

    Property size:
    10,579 SF
    Lot size:
    0.96 Acres

    Property Features for 1618-1626 W 3Rd St

    General Information

    Size
    10,579 SF
    Lot size
    0.96 Acres

    Source: Hamilton Real Estate Agent Ari Kolas

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

    Overview

    Red Wing Commercial Opportunity

    Located just off Highway 61 and Main Street in the West End District of Red Wing, this property offers a spacious, open layout suitable for flexible use and customization. The property includes a large finished basement, providing ample space for activities, storage, or additional facilities. An elevator ensures accessibility for all clients and visitors. This property is suitable for establishing a thriving business in a vibrant community and is ideal for a daycare or treatment center. The property size is 10579 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    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
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.5506333
    Latitude
    44.5625488

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    FAQs

    What type of property is this?
    Office space - Spacious property in West End District, ideal for various businesses.
    Where is this office space located?
    The property is located at 1618-1626 W 3Rd St Red Wing, MN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Spacious, open layout.; - Large finished basement.; - Elevator for accessibility.
    (507) 271-5553
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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
    1618-1626 W 3Rd St Red Wing, MN 55066
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