Property profile

602 3rd St Winona, MN 55987

OFF-MARKET
Commercial real estate
Property ID
US46-1229403
512 SF 0.08 ac lot Built 1949
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire a thriving, established business in the heart of Winona, Minnesota. The property at 602 3rd STREET E encompasses a 512 square foot building situated on a 0.16-acre lot. Included in the sale is the renowned Penguin Zesto East and West, a beloved non-franchise ice cream parlor operating successfully since 1949. This turnkey operation offers a complete package, transferring all name rights, existing furnishings, current inventory, the building itself, and the land. The sale also includes valuable assets to facilitate business operations: a custom-built scooter with a trailer, and a 2001 Ford Explorer, fully wrapped with the Penguin Zesto logo. This presents a unique chance to step into a ready-made business with an established customer base and strong brand recognition within the Winona community. The asking price for this historic and profitable business is $749,900. This is a rare opportunity to own and operate a piece of Winona's history, continuing a legacy of delicious treats and community connection. The property is ready for a new owner to continue its success and build upon its rich history. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Total area 512 SF
Lot 0.08 ac (3,485 SF)
APN 32.200.0640
UPID US46-1229403

Cap rate & NOI

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

Location

602 3rd St Winona, MN 55987-4225
Winona metro Census 670700 WINONA, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

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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