155-159 E 3rd St
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155-159 E 3rd St
4,730 SF 100% Leased Retail Building Winona, MN 55987 £460,863 (£97/SF) 8.14% Net Initial Yield
Executive Summary
Great opportunity to own a property in the Winona downtown core district mixed use area. Be part of the future of downtown Winona. The buyer can use the property as an investment or for the owner's future use. The apartments are being rented month to month at this time with the commercial space presently in a two year lease. The building and equipment have been well maintained or updated. Units have separate utilities paid by tenants. Approximate Sq/Ft for apartments are 1400 Sq/Ft 2nd & 3rd floor & 1000 Sq/Ft 2nd floor units. The business is not for sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,730 SF
Building Class
C
Year Built
1890
Price
£460,863
Price Per SF
£97
Net Initial Yield
8.14%
NOI
£37,510
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.36
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
BC - Business Commercial
Parking
5 Spaces (1.06 Spaces per 1,000 SF Leased)
Frontage
82 ft on 3rd St
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
1 of 32
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155-159 E 3rd St
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