For Sale: Red Wing MLS# 7073822
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Property Description
Historic former military armory located in the heart of downtown Red Wing! This impressive 24, 000+ sq. ft. commercial property has been thoughtfully remodeled into a mixed-use investment opportunity featuring a turnkey restaurant space and professional office suites. Much of the original historic façade and architectural character have been beautifully preserved, blending timeless charm with modern functionality.
The property consists of 9 total units, including 1 fully equipped lower-level restaurant space that is ready for immediate operation, along with 8 professional/office suites. Currently, 6 of the 8 units office suites are occupied, providing strong existing income potential. Situated in a high-traffic downtown location with ample parking, this property offers exceptional visibility and versatility for investors or owner-users alike. Excellent opportunity to own a landmark building in a thriving downtown district!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$850,000
Property Type:
Commercial
City:
Red Wing
Garage Spaces:
0
County:
Goodhue
Year Built:
1901
State:
MN
Property Style:
2 Stories
Zip Code:
55066
Subdivision Name:
Armory Center Condominiums
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
8,040 ft2
Handicap Accessible:
Other
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Open
- Parking Lot
- Unassigned
Shared Amenities:
Elevator(s)
Unit Amenities:
- City View
- Walk-Up Attic
Road Frontage:
- City Street
- Curbs
- Highway
- Paved Streets
- Sidewalks
- State Road
Roof Details:
- Flat
- Pitched
Lot & Land
Acres:
0
Geolocation:
44.5666407232, -92.53391
Inclusions:
Building, Land, Leases
Lot Dimensions:
142 x 120
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
256
District Phone:
6513854500
Expenses
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,246
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$12,630
Units
Total Units:
9
Miscellaneous
Current Use:
- Bar/Tavern
- Beauty/Barber Shop
- Office
- Professional Service
- Restaurant
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Epique Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.