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    Property profile & analytics

    1315 Old W Main St Red Wing, MN 55066-2160

    • Turn key restaurants
    • 5,850 SF
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Feb 06, 2025
    Location Intelligence
    Property ID
    US46-1399945
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Starbucks / Breakfast Restaurant / Cafe
    • Bob's BBQ & Catering / Caterer

    Property Details for 1315 Old W Main St

    Year built
    1984
    Property size
    5,850 SF
    Property type
    Turn key restaurants
    APN
    55.535.0280
    APU
    555350280

    Description

    This exceptional investment opportunity presents a newly constructed, 5,533-square-foot retail building in Red Wing, Minnesota. The property boasts a strong anchor tenant, Starbucks, operating under a Net Lease with approximately 10 years remaining on their lease term, featuring built-in rent bumps. The building sits on a 0.73-acre lot and offers ample parking with convenient access at a signalized intersection. The property currently generates a substantial Net Operating Income (NOI) of $207,106, resulting in an attractive 8.00% capitalization rate. The asking price is $2,590,000. The property is a multi-tenant building with one additional unit of approximately 2,400 square feet currently available, with significant interest from potential tenants. A one-year master lease with the current owner is available at the closing of escrow. The property benefits from its strategic location, enjoying high traffic counts on Main Street (4,255 VPD), Highway 61 (19,973 VPD), and proximity to Highway 63 (12,482 VPD). The area features a thriving community with an average household income exceeding $86,000 within a five-mile radius. Nearby national retailers include Target, T.J. Maxx, and many others, further enhancing the property's desirability. The property's location is also convenient to Downtown Saint Paul (47 miles) and the Minneapolis-Saint Paul International Airport (49 miles), serving over 34 million passengers annually. Numerous parks and recreational facilities are also within easy reach. Starbucks, a tenant with a stable credit rating (BBB+ from S&P and Baa1 from Moody's), anchors this value-add investment opportunity. The property is a single-story building constructed in 2023.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.5463
    Latitude
    44.5623
    CBSA code
    39860
    CBSA name
    RED WING, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,854
    $202,300
    $293,800
    $496,100
    -
    $202,300
    $293,800
    $496,100

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    Red Wing, MN 55066-2160
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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
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