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    OFF-MARKET
    Specialty properties

    109 Cleveland W Ave, Winnebago, MN 56098-2095

    0.48 ac lot
    Entity Owned Free & Clear
    Property ID
    US46-2136368
    Property summary
    AI-generated overview

    This stunning 7,500 square foot property, situated on a .64-acre lot in downtown Winnebago, Minnesota, presents a unique investment opportunity. Previously used as a church, this versatile building is ideally suited for conversion into an event center, community hub, or similar use. The property boasts a wealth of attractive features, including a grand entrance, natural woodwork, stained-glass windows, and pews, retaining much of its original character. Functional spaces include a spacious fellowship hall, multiple classrooms and meeting rooms, a fully equipped kitchen, and dedicated nursery/childcare rooms. The building also features an altar, choir loft, baptismal font, organ, piano, and a comprehensive sound system. Accessibility is ensured with a wheelchair lift. Ample storage is provided throughout the building, along with multiple restrooms. Exterior amenities include a sizable parking lot, a prominent bell tower/steeple, attractive landscaping, and outdoor signage. An added benefit is the inclusion of an adjacent .161-acre parcel featuring a basketball court, expanding the total land area to .64 acres. This exceptional property offers a rare blend of historical charm and practical functionality, making it an attractive proposition for a wide range of potential uses. The property is priced at $149,000.

    Property profile
    Verified
    Property type Specialty properties
    Use group CHARITABLE ORGANIZATION
    Lot 0.48 ac (21,000 SF)
    APN 31.643.0220
    UPID US46-2136368
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • United Methodist Church Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    VETERAN ENTERPRISES
    VETERAN ENTERPRISES
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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