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Established Downtown Retail Business

51 E 3rd Street, Winona, MN 55987

For Sale
$339,900

Commercial Sale, Winona, MN

Property SizeContact for details
Lot Size0.51 Acres
Days on Market52

Property Features for 51 E 3rd Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Rooms Basement
Parking features On Street
Accessibility Accessible Elevator Installed, Accessible Approach with Ramp
High school district Winona Area Public Schools
Directions Main St N to 3rd St Take a Right, building on Right
Standard status Active
APN 320001800
Lot size 0.51 Acres

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 58986

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1881
Listing Agency: Elcor Realty of Rochester Inc.
Listed By: Geary J. O'reilly
Added: Sep 22 Changed: Oct 28 Last Checked: Nov 12 at 8:06AM
MLS# 7148746

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.

Rey
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Investment Insights

Based on property information with market context.

This offering is for the retail business only; the real estate and building are excluded. The store has operated for 43 years and carries a varied inventory that includes clothing and accessories, greeting cards, cookware, artwork, school supplies, toys, crafts, food items, memorabilia, gifts, hats, and seasonal decorations.

The business operates at 51 E 3rd Street in downtown Winona. The current owner is willing to support the transition and share knowledge of the operation, inventory, and customer base.

Key Highlights

  • Business‑only sale; the real property and building are not included
  • Retail operation with 43 years of history
  • Merchandise includes apparel, greeting cards, cookware, artwork, school supplies, toys, crafts, and gift items

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store Kitchen & Bath Showroom Parking Lot & Garage Storage Facility

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,098
Businesses Nearby

Demographics for 55987, MN

34,010
Population
15,312
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
95%
High-School Grad
157.2 sq mi
ZIP Area
216
Density / Sq Mi
$62,171
Median Household Income
$30,978
Median Earnings
$856
Median Rent
$211,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The business sale includes merchandise inventory and an owner willing to assist with the transition.
Where is this retail space located?
The property is located at 51 E 3rd Street Winona, MN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Business‑only sale; the real property and building are not included; Retail operation with 43 years of history; Merchandise includes apparel, greeting cards, cookware, artwork, school supplies, toys, crafts, and gift items
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