828 Main StRed Wing, MN 55066

Property Details for 828 Main St

Year built

1948

Property size (Sq ft)

7,300 SF

Property type

Gas stations

APN

55.005.4610

APU

550054610

Description

This exceptional 7,300 square foot Class A retail property, currently occupied by Big O Tires at 100% occupancy, is available for sale or lease. Located at 828 Main St, Red Wing, Minnesota, 55066, this single-story building offers a prime location in Goodhue County. The property features a brick exterior and is situated on a site with ample on-site and street parking, plus additional parking is available. The lease is a Net-Net-Net (NNN) agreement, making it an attractive investment opportunity. The building's roof and HVAC systems are in good condition. Existing equipment may remain with the sale. This presents a unique opportunity for either an end-user seeking a well-maintained auto shop or an investor looking for a stable, long-term NNN lease. The property's strong tenant and desirable location make it an excellent addition to any portfolio. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,393,930

  6.5%

  $1,286,710

  7%

  $1,194,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $387,496

  Geo Method

  $387,496

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,530,340

  Mixed-Use / Specialty

  $1,273,580

  Hospitality / Lodging

  $923,269

  Office

  $1,257,120

  Institutional / Educational

  $1,320,960

  Residential Income

  $1,545,520

  Multifamily

  $1,900,960

  Automotive / Energy

  $1,132,250

  Parking / Income-Based Land

  $399,163

  Restaurant / Food Service

  $644,175

  Healthcare / Senior Housing

  $1,314,790

Location Insight

City

Red Wing

County

Goodhue

State

Minnesota

Latitude

44.5639

Longitude

-92.5406

CBSA code

39860

CBSA name

RED WING, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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