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    602 3 St Stockton, MN 55987

    Sponsored
    For Sale
    $799,900

    Historic Ice Cream Shop & Land

    Property size:
    512 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents the chance to acquire a piece of Winona, Minnesota history. The property at 602 3rd St E includes a 512 square foot retail building situated on a parcel of land. The sale encompasses the entire business, including all name rights ("Penguin Zesto East and West"), existing furnishings, current inventory, and the building itself. This well-established ice cream shop has operated successfully since 1949, building a strong reputation and loyal customer base within the community. Included in the sale are valuable assets to support business operations: a custom-built scooter with trailer, and a 2001 Ford Explorer branded with the Penguin Zesto logo. This turnkey operation offers a unique blend of established business and real estate, presenting a compelling investment opportunity for an entrepreneur seeking to own and operate a beloved local landmark. The asking price for this complete package is $799,900. The property is located in Winona, Winona County, Minnesota, zip code 55987. This is a rare chance to own a thriving business and its associated real estate in a desirable location.

    Property Features for 602 3 St

    General Information

    Property type
    Land
    Square Feet
    512 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stockton
    County
    Winona
    State
    Minnesota
    Longitude
    -91.7608085
    Latitude
    44.0246935

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    FAQs

    What type of property is this?
    Land - Historic Ice Cream Shop & Land
    Where is this land located?
    The property is located at 602 3 St Stockton, MN.
    What is the asking price?
    The asking price for this property is $799,900.
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    Stockton, MN 55987
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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
    602 3 St Stockton, MN 55987
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