Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Business Opportunity in Red Wing Title is generated by Realmo AI

    2335 Old West Main Street, Red Wing, MN 55066

    View on Map
    Claim this Listing
    For Sale
    $710,000

    Family-owned boat and ATV repair shop with redevelopment potential.

    Type:Commercial/Industrial
    Added:
    May 3, 2025
    Days on Market:
    394
    Last Refresh:
    May 28 at 11:51 pm

    Property Features for 2335 Old West Main Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Bonnie H. Nguyen
    Bonnie H. Nguyen

    Listing agent Bonnie H. Nguyen

    Listing office eXp Realty

    Listing date May 3, 2025

    Source Exitrealty

    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 eXp Realty

    HighLights

    • Established, family‑owned business (West End Sports Center Inc.) with over 30 years of success.
    • Turn‑key boat and ATV repair shop ready for new ownership.
    • Prime location offering a "blue sky" opportunity for entrepreneurs, investors, or developers.
    • Limitless potential for establishing a thriving business, expanding an existing brand, or redeveloping the space.
    • Significant growth potential due to limited prior marketing efforts.
    • Building constructed in 2001.

    Overview

    This is an opportunity to own West End Sports Center Inc., a family-owned business serving the Red Wing community for over 30 years. This turn-key boat and ATV repair shop is ready for new ownership to continue its legacy. This location offers the perfect opportunity for an entrepreneur, investor, or developer to bring their vision to life. The current business has only done limited marketing efforts, meaning the true potential of this location has yet to be fully realized. With the right strategy and exposure, this property could experience significant growth and success.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • TLC Automotive Repair — 1022 Tile Dr, Red Wing, MN 55066
    • Huppert's Auto Body with Paint-less Dent Repair — 1161 Brick Ave #2904, Red Wing, MN 55066
    • J & R Performance inc — 1212 Brick Ave, Red Wing, MN 55066
    • FAB1 Metalworks — 1192 Brick Ave, Red Wing, MN 55066
    • Johnson Pump Services — 1192 Brick Ave # 2, Red Wing, MN 55066

    Location Insight

    • Map
    • Local Demand
    City
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.564663
    Latitude
    44.564259

    Nearby Similar for Sale

    • $770,000

      Red Wing Commercial Opportunity

      Sporting goods store or real estate for sale in Red Wing.
      2301 Old West Main Street, Red Wing, MN 55066
      View Details
    • $374,900

      Red Wing Turnkey Investment Opportunity

      Fully leased 5-unit property near downtown and Mississippi River.
      815 W 4th Street, Red Wing, MN 55066
      View Details
    • $950,000

      Red Wing Commercial Opportunity

      Versatile commercial building with high visibility and ample parking.
      4902 Moundview Drive, Red Wing, MN 55066
      View Details
    • $710,000

      Red Wing Commercial Opportunity

      Family-owned business and property for sale in Red Wing, MN.
      2335 Old West Main Street, Red Wing, MN 55066
      View Details
    • $220,000

      Red Wing Commercial Opportunity

      Commercial building with large space, offices, and heated storage.
      2311 Old West Main Street, Red Wing, MN 55066
      View Details
    • Contact for pricing
      52,411 SF

      Red Wing Manufacturing/Warehouse Opportunity

      52,411 SF office, warehouse, and manufacturing space for sale.
      2760 North Service Drive, Red Wing, MN, 55066
      View Details
    • $950,000
      13,920 SF

      Historic Building in Downtown Red Wing

      Historic building with leased spaces and vacant opportunities.
      210-214 Bush Street, Red Wing, MN 55066
      View Details
    • Contact for pricing
      86,453 SF

      Red Wing Redevelopment Opportunity

      Red Wing Health Center: a redevelopment opportunity near the Mississippi River.
      1412 W 4th St, Red Wing, MN 55066
      View Details
    • $1,000,000
      10,579 SF

      Red Wing Commercial Opportunity

      Spacious property in West End District, ideal for various businesses.
      1618-1626 W 3rd St, Red Wing, MN
      View Details
    • $599,000
      7,300 SF

      Red Wing Retail Opportunity

      Single tenant retail space on a corner lot for sale.
      828 Main St, Red Wing, MN
      View Details
    • $599,000

      Big O Tires Investment Opportunity

      NNN leased Big O Tires investment, future end-user opportunity.
      828 Main St, Red Wing, MN 55066
      View Details

    FAQs

    What type of property is this?
    Auto shop - Family-owned boat and ATV repair shop with redevelopment potential.
    Where is this auto shop located?
    The property is located at 2335 Old West Main Street Red Wing, MN.
    What is the asking price?
    The asking price for this property is $710,000.
    What are key features of this property?
    This property features: Established, family‑owned business (West End Sports Center Inc.) with over 30 years of success.; Turn‑key boat and ATV repair shop ready for new ownership.; Prime location offering a "blue sky" opportunity for entrepreneurs, investors, or developers.
    (612) 532-7445
    We can help!
    Listing Contact
    Bonnie H. Nguyen
    Bonnie H. Nguyen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2335 Old West Main Street, Red Wing, MN 55066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!