Property profile

160 Tyler N Rd Red Wing, MN 55066

OFF-MARKET
Grocery and convenience stores
Property ID
US46-1258201
77,616 SF 100 ac lot Built 1983
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents two available retail or office spaces within the thriving Red Wing Plaza in Red Wing, Minnesota. Located at 160 Tyler Rd S, 55066, this prime location boasts high visibility from Highway 61 W and Tyler Road S, benefiting from significant daily traffic flow. The property offers two suites: Suite B200, encompassing 2,000 square feet, and Suite B700, a larger space of 3,635 square feet. Suite B700 is an endcap unit, providing enhanced visibility. The plaza enjoys a strategic position near new residential developments and a bustling business corridor, ensuring a consistent stream of potential customers. This area is anchored by major retailers including Mayo Clinic, Target, Walmart, Menards, Aldi, and Walgreens, creating a strong retail environment. Current tenants at Red Wing Plaza include Verizon, Snap Fitness, Chuck & Don's, MGM Liquor, Great Clips, Subway, Papa Murphy's, and KO Storage, among others. The property offers pillar signage opportunities to maximize Highway 61 exposure. Flexible lease terms are available to accommodate various business needs, and build-to-suit options may be considered. This is an ideal location for businesses seeking high visibility and access to a substantial customer base in a rapidly growing area.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1983
Total area 77,616 SF
Lot 100 ac (4,356,000 SF)
APN 55.910.0020
UPID US46-1258201

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket
  • Shopping Center & Mall
  • Storage Facility
  • Furniture & Home Goods Home Decor Store
  • Training Center

Location

160 Tyler N Rd Red Wing, MN 55066-1841
Red Wing metro Census 80202 RED WING, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.31M
Blend (final) Blend
$3.26M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $4.9M +16.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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