602 3Rd StStockton, MN 55987

  • Commercial real estate
  • 512 SF
For Sale
$799,900 View listing

Property Details for 602 3Rd St

Year built
1949
Lot size
0.08 AC
Property size (Sq ft)
512 SF
Property type
Commercial real estate
APN
32.200.0640
APU
322000640

Description

This exceptional opportunity presents the chance to acquire a thriving, established business in the heart of Winona, Minnesota. The property at 602 3rd STREET E encompasses a 512 square foot building situated on a 0.16-acre lot. Included in the sale is the renowned Penguin Zesto East and West, a beloved non-franchise ice cream parlor operating successfully since 1949. This turnkey operation offers a complete package, transferring all name rights, existing furnishings, current inventory, the building itself, and the land. The sale also includes valuable assets to facilitate business operations: a custom-built scooter with a trailer, and a 2001 Ford Explorer, fully wrapped with the Penguin Zesto logo. This presents a unique chance to step into a ready-made business with an established customer base and strong brand recognition within the Winona community. The asking price for this historic and profitable business is $749,900. This is a rare opportunity to own and operate a piece of Winona's history, continuing a legacy of delicious treats and community connection. The property is ready for a new owner to continue its success and build upon its rich history. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $96,469
    Hospitality
    $88,365
    Educational
    $73,519
    Medical
    $76,047
    Retail
    $114,363

Location Insight

City
Winona
County
Winona
State
Minnesota
Latitude
44.0484
Longitude
-91.6216
CBSA code
49100
CBSA name
WINONA, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,070
$28,900
$40,400
$69,300
-
$28,900
$40,400
$69,300

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