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Remodeled Mixed-Use Armory
For Sale
$690,000

217 Plum Street, Red Wing, MN 55066

Commercial Sale, Red Wing, MN

Property Size24,000 SF
Price / SF$28.75
Days on Market141

Property Features for 217 Plum Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Parking features Assigned, Parking Lot, Covered
Exterior features Brick/Stone
Subdivision Armory Center Condominiums
Lot features Corner Lot
High school district Red Wing
Directions Hwy 61 S. to Downtown Red Wing. South on Hwy 58 (Plum St.)
Standard status Active
APN 550170010

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 7246

Utilities

Heating system Forced Air

Building Details

Year built 1901
Roof type Flat
Listing Agency: Epique Realty
Listed By: Jen Rogness
Added: May 11 Changed: Sep 24 Last Checked: Sep 28 at 1:06AM
MLS# 7073822

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1901 as a military armory, this 24,000+ sq. ft. mixed-use property in downtown Red Wing has been remodeled for commercial occupancy. The building includes 9 total units: a lower-level restaurant space with equipment and 8 professional office suites. Six office suites are occupied, while the remaining configuration supports continued mixed-use operation. Original facade elements and architectural details remain part of the building’s presentation, complemented by brick and stone exterior construction.

The property is positioned in downtown Red Wing and includes assigned parking, a parking lot, and covered parking. Forced-air heating and a flat roof are also in place. The sale is offered as-is.

Key Highlights

  • 24,000+ sq. ft. mixed‑use property in downtown Red Wing
  • 1901 construction with preserved historic facade and architectural character
  • 9 total units, including 1 lower‑level restaurant and 8 office suites

Property Analytics

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Current Use

Healthways Integrative Medicine Medical Clinic Red Wing Acupuncture ... Alternative Medicine Practice Hair With Pizazz Hair Salon Moment to Moment Healing ... Social Service Agency Health Within Chiropractic ... Medical Clinic

Suggested Use

Top Pick Furniture & Home Goods Carpet & Flooring Store (Bike/Boat/Book/etc) Store Home Appliance Store Barber Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

709
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown property combines an equipped restaurant space with professional office suites in a preserved historic structure.
Where is this mixed-use property located?
The property is located at 217 Plum Street Red Wing, MN.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 24,000+ sq. ft. mixed‑use property in downtown Red Wing; 1901 construction with preserved historic facade and architectural character; 9 total units, including 1 lower‑level restaurant and 8 office suites
More about this property
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