79 2Nd StWinona, MN 55987

Property Details for 79 2Nd St

Year built

1900

Lot size

0.15 AC

Property size (Sq ft)

3,200 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

32.000.0900

APU

320000900

Description

This exceptional commercial property presents a rare opportunity to acquire a piece of Winona's rich history. Located in the heart of downtown Winona, Minnesota, at 79 2nd Street East, this offering encompasses two attached buildings totaling 10,800 square feet on a 0.13-acre lot. The property's history is deeply rooted in the community, having once served as the home of the renowned Winona Candy Company. The main warehouse building boasts substantial main floor retail space, complemented by three additional open upper floors brimming with redevelopment potential. These expansive upper levels offer a blank canvas for creative vision, whether for additional retail, office space, or residential conversion. The building facing 3rd Street currently features ground-floor retail space, enhanced by two apartments situated above, providing immediate income potential or the option for owner-occupancy. The combined buildings offer a unique blend of established commercial space and significant upside potential, making this an ideal investment for entrepreneurs and developers seeking a prominent location in a thriving downtown area. The asking price for this remarkable property is $719,000. This is a truly exceptional opportunity to own a piece of Winona's legacy and shape its future.

• CAP approach

  CAP return

  Valuation

  6%

  $526,755

  6.5%

  $486,236

  7%

  $451,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,328

  Geo Method

  $163,328

• Alternative Use

  Use

  Valuation

  Residential

  $602,932

  Hospitality

  $552,283

  Educational

  $459,493

  Medical

  $475,295

  Retail

  $714,766

Location Insight

City

Winona

County

Winona

State

Minnesota

Latitude

44.0528

Longitude

-91.635

CBSA code

49100

CBSA name

WINONA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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