Red Wing Redevelopment
For Sale
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1412 W 4th St, Red Wing, MN 55066
Red Wing Health Center: a redevelopment opportunity near the Mississippi River.
Property Size86,453 SF
Lot Size1.54 Acres
Days on Market158
Property Features for 1412 W 4th St
General Information
Standard status
Active
Size
86,453 SF
Lot size
1.54 Acres
Property subtype
Multifamily
Amenities
Redevelopment Opportunity: Former 145-bed skilled nursing facility offering the ability to redevelop into a multifamily investment or pursue alternative uses, subject to City approval.
Prime Location: Located in Red Wing, just a few blocks from the Mississippi River, within an established residential neighborhood with strong long-term demand drivers.
Strong Fundamentals: Proximity to major employers, including Mayo Clinic Health System in Red Wing, supporting sustained housing demand.
Scale & Flexibility: Three-story building totaling approximately 86,453 square feet on 1.54 acres, offering a large existing footprint conducive to multiple unit layouts and redevelopment strategies.
Recent Capital Improvements: Property has been remodeled and features numerous recent updates, reducing near-term capital expenditure requirements for a future owner.
Zoning & Access: Zoned R-2 (Two-Family Residential) with a pathway for higher-density multifamily redevelopment through the City's approval process; includes convenient access along West 4th Street and 31 surface parking spaces on a neighboring parcel.
Building Details
Building Size
86,453 SF
Units
113
Listing Agency:
Minneapolis Office
Listed By:
Tommy Hartwell · License #License(s): MN: 41016738
(952) 852-9713
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Sep 7 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Minneapolis Office
Investment Insights
Based on property information with market context.
Red Wing Health Center, situated on approximately 1.54 acres in Red Wing, Minnesota, presents a redevelopment opportunity a few blocks from the Mississippi River. The three-story building, totaling roughly 86,453 square feet, is currently configured as a 145-bed skilled nursing facility. The property benefits from strong visibility on a prominent corner site, surrounded by established residential neighborhoods, local services, and amenities. It is also conveniently located near major area employers, including Mayo Clinic Health System in Red Wing. Originally constructed in 1965 with additions completed in 1972 and 1982, the building offers a flexible layout suitable for various redevelopment concepts and unit configurations. The property has undergone significant remodeling in recent years and benefits from numerous recent capital improvements. The site enjoys convenient access along West 4th Street and includes a neighboring parcel across Jackson Street that provides 31 surface parking spaces. Zoned R-2 (Two-Family Residential) within the City of Red Wing, the property has a pathway to support a larger multifamily redevelopment through the City’s approval process. The asset presents a unique opportunity to redevelop the property into a multifamily investment, or pursue another adaptive reuse strategy, subject to obtaining the necessary City approvals.
Key Highlights
- Compelling redevelopment opportunity in a highly visible location near the Mississippi River.
- Substantial 86,453 square foot, three‑story building on 1.54 acres, suitable for multifamily or adaptive reuse.**
- Located near major employers like Mayo Clinic Health System, supporting housing demand.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 55066, MN
18,732
Population
8,707
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
120.9 sq mi
ZIP Area
155
Density / Sq Mi
$70,529
Median Household Income
$40,764
Median Earnings
$958
Median Rent
$237,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Red Wing Health Center: a redevelopment opportunity near the Mississippi River.
Where is this multifamily property located?
The property is located at 1412 W 4th St Red Wing, MN.
What are key features of this property?
This property features: Compelling redevelopment opportunity in a highly visible location near the Mississippi River.; Substantial 86,453 square foot, three‑story building on 1.54 acres, suitable for multifamily or adaptive reuse.**; Located near major employers like Mayo Clinic Health System, supporting housing demand.
