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MLS# 5614300
Built 1870
0.13 acres
Red Wing schools
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    Description:   Amazing updated brick buildings in downtown Red Wing! Beautiful Class A restaurant/bar with $500-600K historical sales per year open just limited hours (24 hours/week) could give a new entrepreneur an high class opportunity for seven figure sales! 6 fully rented apartments with long term tenants!! About $4000/mo in rent. Great opportunity for investor to own this portfolio and lease the restaurant (approx $4500-5000/mo)! Or, enterprizing restauranteer could use apartment rent to off-set debt service and have a TURN KEY operation as all FF&E is INCLUDED!! Third floor and lower level unfinishes spaces have 12-14 ft ceilings for development into MORE INCOME!!
    List Price: $975,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1870
    City: Red Wing
    County: Goodhue
    State: MN
    Zip Code: 55066


    Building Fin Sq Ft: 14,060 ft²
    Total Ranges: Six or More
    Total Refrigerators: Six or More
    Basement Details: Full


    Heating System: Forced Air
    Foundation Size: 7,000 ft²
    Shared Amenities: None
    Unit Amenities: None
    Road Frontage: City
    Handicap Accessible: Wheelchair Ramp, Partially Wheelchair
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 0
    Roof Details: Other


    Acres: 0.13
    Lot Description: Corner Lot, Zero Lot Line
    Latitude: 44.56548000
    Longitude: -92.53404900
    Lot Size Dim.: 0x0
    Dev/Complex Name: City/Red Wing
    Zoning: Business/Commercial


    School District: 256 - Red Wing
    District Phone: 651-385-4500

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $11,090
    Assessment Pending: Unknown
    Taxes w/ Assessments: $11,090


    Total Rooms in Unit 1: 5
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 7
    Number of Efficiencies: 1


    Current Use: Restaurant
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Fixture/Equipment, Leases, Business Assets, Rental License, Liquor Lic
    Sewer System: City Sewer/Connected
    Utilities: None
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.