155 3Rd St Winona, MN 55987
- Investment properties
- 2,160 SF
- 0.15 lot acres
Current Use by Public Records
- Investment properties
Property Details for 155 3Rd St
- Year built
- 1890
- Lot size
- 0.15 lot acres
- Property size
- 2,160 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 32.000.2190
- APU
- 320002190
Description
This exceptional mixed-use property, located at 155 3rd Street E Unit 3 in Winona, Minnesota, presents a compelling investment opportunity in the heart of the city's downtown core. The 4,730 square foot building sits on a 0.08-acre lot and offers a blend of residential and commercial space, currently generating income from both. The commercial space is secured by a two-year lease, ensuring immediate cash flow. The residential units, totaling approximately 2400 square feet (1400 sq ft on the second and third floors, and 1000 sq ft on the second floor), are rented on a month-to-month basis, providing flexibility for future management. All units have separate utilities, simplifying tenant management and maximizing efficiency. The building and its equipment have been meticulously maintained and updated, minimizing potential maintenance costs for the new owner. This property is ideally suited for an investor seeking a stable, high-yield return or an owner-occupant looking to establish a presence in Winona's thriving downtown area. The asking price is $575,000. The business operating within the commercial space is not included in the sale. This is a rare chance to acquire a well-maintained, income-producing property in a desirable location with significant growth potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winona
- County
- Winona
- State
- Minnesota
- Longitude
- -91.6337
- Latitude
- 44.0513
- CBSA code
- 49100
- CBSA name
- WINONA, MN MICROPOLITAN STATISTICAL AREA
