157 W 3rd Street, Winona, MN 55987

$4,800,000
Property Type: Commercial Status: Active
Current Price: $4,800,000 List Date: 6/02/2025 Last Modified: 9/26/2025

Overview

Description

The historic Kensington is a prime Investment property featuring a vibrant 55 plus community and an active commercial clientele. Currently 48 residential units and 10 commercial units. Located in the heart of Winona and within walking distance to restaurants, shopping, entertainment. Many updates have been recently completed in the last couple of years. Property has been mediculously maintained. Option to buy or lease parcel 320001380 (160 W 4th ST) a large commercial lot with garages and parking with potential for further development.

Listing Details MLS# 6730405

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
34
Year Built
1890
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
13100
Garage Stalls
11
For Sale or Lease
For Sale
Lot Dimensions
120x140 plus lot

Property Features

Accessible: Accessible Elevator Installed; Fully Wheelchair; Grab Bars In Bathroom; Wheelchair Ramp CMU Style: Apartments and Retail; Apartments/Multi Family; Business Opportunity; High Rise; Mixed Use Construction Status: Previously Owned Current Use: Beauty/Barber Shop; Commercial; Office; Professional Service Exterior: Brick/Stone Foundation: Stone Fuel: Natural Gas Heating: Boiler; Hot Water Lock Box Type: None On Site Utilities: Electric Common; Electric Separate Parking Characteristics: Multiple Garages; Parking Lot; Paved Lot; Secured; Storage Sewer: City Sewer - In Street Water: City Water - In Street

Contract Information

Contingency
None
ListPrice
4800000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
157
Street Direction Prefix
W
Street Name
3rd
Street Suffix
Street
Postal City
Winona
County
Winona
State
MN
Zip Code
55987

Assessments

Tax With Assessments
44330
Assessment Balance
0

Building Information

Building Finished SqFt
124308

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
07
Section#
23
Township#
107

Sale Options

Sale Includes
Building, Business Assets, Fixture/Equipment

Unit 1

No. of 1 Bedroom Units
27

Unit 2

No. of 2 Bedroom Units
21

Unit Details

Total Units
58

Office/Member Info

Association
SEMR

Location, Tax and Other Information

Legal Description
SECT-23 TWP-107 RANGE-007 ORIGINAL PLAT LOT-001 BLOCK-019 ORIGINAL PLAT & LOT 2
Listing City
Winona
Map Page
999
Municipality
Winona
School District
Winona Area Public Schools
School District Phone
507-494-0861
Zip Plus 4
7144
Property ID Number
320001360
Tax Year
2025
Tax Amount
44330
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
The historic Kensington is a prime Investment property featuring a vibrant 55 plus community and an active commercial clientele. Currently 48 residential units and 10 commercial units. Located in the heart of Winona and within walking distance to restaurants, shopping, entertainment. Many updates have been recently completed in the last couple of years. Property has been mediculously maintained. Option to buy or lease parcel 320001380 (160 W 4th ST) a large commercial lot with garages and parking with potential for further development.
Directions
from Hwy 61 and Huff street head north to 3rd st. Turn right to Johnson Street

Accessible

Accessible Elevator Installed
Yes
Fully Wheelchair
Yes
Grab Bars In Bathroom
Yes
Wheelchair Ramp
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Foundation

Stone
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Hot Water
Yes

Lock Box Type

None
Yes

Parking Characteristics

Multiple Garages
Yes
Parking Lot
Yes
Paved Lot
Yes
Secured
Yes
Storage
Yes

Sewer

City Sewer - In Street
Yes

Water

City Water - In Street
Yes

On Site Utilities

Electric Common
Yes
Electric Separate
Yes

CMU Style

Apartments and Retail
Yes
Apartments/Multi Family
Yes
Business Opportunity
Yes
High Rise
Yes
Mixed Use
Yes

Current Use

Beauty/Barber Shop
Yes
Commercial
Yes
Office
Yes
Professional Service
Yes
Listing Office: Keller Williams Premier Realty
IDX
Last Updated: September - 26 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.