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    Property profile & analytics

    320 3rd S St Winsted, MN 55395-7759

    • Commercial real estate
    • 15,413 SF
    OFF-MARKET
    Value Estimation
    $495,000
    Last Sale
    Jun 23, 2022
    $530,000
    Location Intelligence
    Property ID
    US46-2659648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Blue Note Restaurant / Restaurant / Banquet Hall

    Property Details for 320 3rd S St

    Year built
    1900
    Property size
    15,413 SF
    Property type
    Commercial real estate
    APN
    21.011.0100
    APU
    210110100

    Description

    This exceptional turnkey opportunity encompasses a thriving restaurant, bar, event center, and liquor store, all situated on a 1.33-acre lot in Winsted, Minnesota. The 15,880-square-foot building, constructed in 1955, offers ample space for diverse operations. The current business boasts a varied menu including sandwiches, wraps, soups, salads, burgers, baskets, and steak, pasta, and walleye entrees. Existing licenses include on- and off-sale liquor permits, gaming, food service, and catering capabilities. The property enjoys a prime location just blocks from Winsted Lake and a convenient one-hour drive west of the Twin Cities. Operating hours are 10 am to 10 pm Monday through Thursday, 10 am to 1 am Friday and Saturday, and 11 am to 10 pm on Sunday. This established business presents a unique chance to continue successful operations, expand event offerings, and introduce innovative menu items. The asking price is $750,000, and a contract for deed may be considered for qualified buyers. This is an owner/user investment opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $490,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $460,000
      Mixed-Use
      $515,000
      Hospitality
      $450,000
      Educational
      $475,000
      Residential Income
      $500,000
      Energy
      $575,000
      Income-Based Land
      $575,000
      Food Service
      $555,000

    Location Insight

    • Map
    • Local Demand
    City
    Winsted
    County
    Mcleod
    State
    Minnesota
    Longitude
    -94.0502
    Latitude
    44.9609
    CBSA code
    26780
    CBSA name
    HUTCHINSON, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $10,096
    $76,400
    $271,400
    $347,800
    -
    $76,400
    $271,400
    $347,800

    Comparable in this City

    • Value Estimation by Request

      Winsted, MN 55395

      COMMERCIAL (GENERAL)
      Winsted, MN 55395
      View Details
    • Value Estimation by Request
      0.08 Acres

      Winsted, MN 55395

      COMMERCIAL (GENERAL) • 0.08 Acres
      Winsted, MN 55395
      View Details
    • Value Estimation by Request
      1.83 Acres

      Winsted, MN 55395

      COMMERCIAL (GENERAL) • 1.83 Acres
      Winsted, MN 55395
      View Details
    • Value Estimation by Request
      0.66 Acres

      220 Main W Ave

      COMMERCIAL (GENERAL) • 0.66 Acres
      220 Main W Ave, Winsted, MN 55395-7874
      View Details
    • Value Estimation
      $345,000
      6,650 SF

      311 1st N St

      COMMERCIAL (GENERAL) • 6,650 SF
      311 1st N St, Winsted, MN 55395-7704
      View Details
    • Value Estimation
      $270,000
      5,778 SF

      151 2nd S St

      COMMERCIAL (GENERAL) • 5,778 SF
      151 2nd S St, Winsted, MN 55395-7740
      View Details
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    Winsted, MN 55395-7759
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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
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