Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    603 3rd St Red Wing, MN 55066-2242

    • Investment properties
    • 3,168 SF
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US46-1503950
    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

    • Investment properties

    Property Details for 603 3rd St

    Year built
    1900
    Property size
    3,168 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    55.005.3120
    APU
    550053120

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.5361
    Latitude
    44.5637
    CBSA code
    39860
    CBSA name
    RED WING, 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
    2023
    $3,376
    $33,600
    $158,300
    $191,900
    -
    $33,600
    $158,300
    $191,900

    Comparable in this City

    • Value Estimation
      $305,000
      2,080 SF

      318 Plum St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,080 SF
      318 Plum St, Red Wing, MN 55066-2530
      View Details
    • Value Estimation
      $275,000
      4,560 SF

      301 Plum St, Unit 305

      OFFICE/RESIDENTIAL (MIXED USE) • 4,560 SF
      301 Plum St, Red Wing, MN 55066
      View Details
    • Value Estimation by Request
      7,696 SF

      433 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,696 SF
      433 Main St, Red Wing, MN 55066-2324
      View Details
    • Value Estimation
      $335,000
      2,730 SF

      413 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,730 SF
      413 3rd St, Red Wing, MN 55066-2310
      View Details
    • Value Estimation
      $545,000
      14,240 SF

      325 Plum St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,240 SF
      325 Plum St, Red Wing, MN 55066-2531
      View Details
    • Value Estimation
      $320,000
      8,964 SF

      424 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,964 SF
      424 5th St, Red Wing, MN 55066-2524
      View Details

    Similar Nearby for Sale

    • $100,000
      2.00 Acres

      Two Acre Residential Building Site

      Two acre lot with wooded backyard and valley views.
      27055 River View Ct, Red Wing, MN 55066
      View Details
    • Contact for pricing

      Big O Tires - Red Wing, MN

      7,300 SF Auto Shop - Sale or Lease
      828 Main St, Red Wing, MN 55066
      View Details
    • $499,000
      4,075 SF

      Red Wing Retail/Office Building

      Charming commercial building in Red Wing, ideal for retail/office.
      320 W 3Rd St, Red Wing, MN 55066
      View Details
    • New
      $50,000
      Pending

      Residential Lot in Red Wing

      Level lot in a cul-de-sac, ready for new home.
      4994 Chalet Ct, Red Wing, MN 55066
      View Details
    • $470,000

      Updated Fourplex with Income Potential

      Updated fourplex featuring long-term tenants and a thriving short-term rental.
      504 Buchanan St, Red Wing, MN 55066
      View Details
    • $1,879,900
      50.00 Acres

      Prime 50-Acre Farm in Red Wing, MN

      Luxury Farm, 50 Acres, $1.8M
      28983 320Th Avenue Way, Red Wing, MN 55066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,640 SF

      Prime Red Wing Executive Office Space

      Historic building, flexible suites, downtown location.
      222 Bush St, Red Wing, MN 55066
      View Details
    • $950,000
      3,000 SF

      Equipped Suite in Historic Red Wing

      3,000 sq ft suite equipped for salon, spa, wellness.
      210-214 Bush St, Red Wing, MN 55066
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    603 3rd St
    Red Wing, MN 55066-2242
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.