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For Sale:  Red Wing MLS# 6811652

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Active NEW!
$1,350,000
/mo Edit
Commercial:  Apartments
Built 1965
0.38 acres
Red Wing schools
MLS# 6811652
612-201-2213
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    Property Description

    The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Sits on an oversized corner lot with 0.38+ acres and a freshly laid 12-stall parking lot for residents to enjoy. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,350,000
    Property Type: Commercial
    City: Red Wing
    Garage Spaces: 0
    County: Goodhue
    Year Built: 1965
    State: MN
    Property Style: Apartments
    Zip Code: 55066
    Subdivision Name: Todd & Douds Sub

    Interior

    Ceiling Height: 8-10
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Appliances Included:
    • Dishwasher
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Basement Details:
    • Block
    • Full
    • Unfinished

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Other Parking Spaces: 12
    Air Conditioning: Central Air
    Foundation Size: 3,000 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Parking Lot
    • Paved
    Shared Amenities:
    • Fire Sprinkler System
    • Security
    Unit Amenities:
    • Indoor Sprinklers
    • Kitchen Window
    • Paneled Doors
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.38
    Geolocation: 44.560267, -92.530971
    Inclusions: Building, Land, Rental License
    Lot Dimensions: 100 x 160
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Irregular Lot
    • Some Trees

    Farm

    Topography: Level

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $800
    Annual Fuel Expense: None
    Annual Insurance Expense: $6,219
    Annual Maintenance Expense: $1,500
    Annual Gross Expense: $26,057
    Annual Trash Expense: $1,476
    Annual Water/Sewer Expense: $3,987
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,186
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,186

    Income

    Annual Gross Income: $111,699

    Rent

    Annual Net Income: $85,641

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Residential
    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Apartment Cash Flow, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.