Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    828 Main St Red Wing, MN 55066

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7,300 SF Auto Shop - Sale or Lease

    Property Features for 828 Main St

    General Information

    Property type
    Automotive properties
    Class
    A

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    William Melin
    William Melin

    Listing Agency: Cushman & Wakefield Minneapolis Listing Agent: William Melin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 7,300 square foot Class A retail property, currently occupied by Big O Tires at 100% occupancy, is available for sale or lease. Located at 828 Main St, Red Wing, Minnesota, 55066, this single-story building offers a prime location in Goodhue County. The property features a brick exterior and is situated on a site with ample on-site and street parking, plus additional parking is available. The lease is a Net-Net-Net (NNN) agreement, making it an attractive investment opportunity. The building's roof and HVAC systems are in good condition. Existing equipment may remain with the sale. This presents a unique opportunity for either an end-user seeking a well-maintained auto shop or an investor looking for a stable, long-term NNN lease. The property's strong tenant and desirable location make it an excellent addition to any portfolio. Contact us today to learn more about this exceptional opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.540702781166
    Latitude
    44.563580131585

    Nearby Similar for Sale

    • $950,000
      0.76 Acres

      Red Wing Commercial Opportunity

      Versatile commercial building with high visibility and ample parking.
      4902 Moundview Dr, Red Wing, MN 55066
      View Details
    • $650,000
      Pending

      Highway Frontage Retail Building

      Retail building with highway frontage, showroom, and office space.
      1112 Main St, Red Wing, MN 55066
      View Details
    • $710,000
      0.72 Acres

      Red Wing Commercial Opportunity

      Family-owned business and property for sale in Red Wing, MN.
      2335 Old West Main St, Red Wing, MN 55066
      View Details
    • $7,200,000
      40,389 SF

      Unanchored Retail Center For Sale

      Unanchored retail center in Red Wing, Minnesota, a tourist destination.
      3237-3261 S Service Rd S, Red Wing, MN
      View Details
    • Contact for pricing
      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 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 N Service Dr, Red Wing, MN 55066
      View Details
    • Contact for pricing
      1,828 SF

      End-Unit Townhome with Scenic Views

      One-level living with scenic views near Hwy 58.
      1813 Cherry St, Red Wing, MN 55066
      View Details
    • Contact for pricing

      Updated Fourplex with Income Potential

      Updated fourplex featuring long-term tenants and a thriving short-term rental.
      504 Buchanan St, Red Wing, MN 55066
      View Details

    FAQs

    What type of property is this?
    Automotive property - 7,300 SF Auto Shop - Sale or Lease
    Where is this automotive property located?
    The property is located at 828 Main St Red Wing, MN.
    What are key features of this property?
    This property features: Ample on-site and street parking.; Abundant additional parking available.; Attractive brick exterior.
    (952) 465-3377 Call to check price and availability
    Request Owner's contact information
    828 Main St Red Wing, MN 55066
    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.
    828 Main St
    Red Wing, MN 55066
    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
    828 Main St Red Wing, MN 55066
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing William Melin
    William Melin
    Real Estate License ID: S56957000
    (952) 465-3377 (952) 200-7890 (952) 831-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!