Property Listing
Description
LOCATED IN THE HEART OF DOWNTOWN RED WING’S CENTRAL BUSINESS DISTRICT IS THIS WELL CONSTRUCTED ALL-BRICK MIXED-USE INVESTMENT PROPERTY FEATURING FOUR COMMERCIAL SPACES AND FIVE APARTMENTS!! THE MAIN FLOOR OFFERS 4,800 SQUARE FEET OF RETAIL, OFFICE, OR RESTAURANT SPACE DIVIDED INTO FOUR SEPARATE 1,200 SQFT UNITS. CURRENTLY ALL FOUR COMMERCIAL SPACES ARE LEASED TO SOLID BUSINESS’S. THE MIDDLE TWO UNITS ARE LEASED BY ONE COMPANY. THE SECOND AND THIRD FLOORS ARE APARTMENTS THAT ARE FULLY LEASED AND EASY TO KEEP RENTED. TWO OF THESE UNITS HAVE VERY UNIQUE TWO STORY LAYOUTS AND ONE OF THE OTHER TWO BEDROOM UNITS FEATURE THREE LARGE SKYLIGHTS WHICH MAKES THE APARTMENT FEEL LARGER. THE KITCHENS AND BATHROOMS HAVE BEEN RENOVATED IN THE LAST 20 YEARS. THE BUILDING HAS RECEIVED NEWER WHITE TPO ROOFS, CUSTOM SIZE DOUBLE PANE WOOD WINDOWS, STYLISH BLACK AWNINGS, AND THE EXTERIOR BRICK WAS RECENTLY TUCK-POINTED. THE LOWER LEVEL BASEMENT HAS AN ADDITIONAL 4,800 SQUARE FEET OF STORAGE SPACE THAT DOES STAY DRY. 201 PLUM STREET IS A PROPERTY THAT IS VERY WELL MAINTAINED AND LOW MAINTENANCE. CURRENT ANNUAL GROSS INCOME OF $127,000. PERFECT FOR YOUR 1031 TAX EXCHANGE OR FOR RETIREMENT!!
Property Information
Status: Active
Sub Type: ********
List Price: $1,349,900
MLS#: 6639217
Current Price: $1,349,900
Address: 201 Plum Street, Red Wing, MN 55066
City: Red Wing
State: MN
Postal Code: 55066
Geo Lat: 44.56667
Geo Lon: -92.533784
Subdivision: Red Wing
County: Goodhue
Property Description
Year Built: 1880
Lot Size SqFt: 4791.6
Gen Tax: 13856
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: ********
Style: ********
Total Bedrooms: 9
Total Bathrooms: 8
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: Building, Land, Leases, Rental License
Exterior Amenities:
Heat System:
Air Conditioning:
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