157 W 3rd Street, Winona, MN 55987 (MLS# 7046317)

Overview

Description

Discover this rare opportunity to own the historic Kensington, a premier investment property in the heart of downtown Winona. This vibrant 55+ community pairs a dynamic residential atmosphere with a thriving commercial clientele. Steps away from dining, shopping and entertainment, this well-established property boasts modern amenities, a vibrant social scene, and a loyal resident base. As retirement grows at a record pace, this is a prime moment to invest. The property is meticulously maintained and fully rented. There is also an option to acquire an additional parcel, a large commercial lot with garages and parking offering further development potential. Contact us today to learn more about this exceptional turnkey investment!

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 58
Waterfront Present: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 14774
Garage Stalls: 11
For Sale or Lease: For Sale
Acres: 0.77
Lot Dimensions: 120x140

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Grab Bars In Bathroom CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Commercial; Residential; Retail Exterior: Brick/Stone Foundation: Combination Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Separate Parking Characteristics: Parking Lot; Paved Lot Potential Use: Income; Professional; Retail 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: 47760
Assessment Balance: 0

Building Information

Building Finished SqFt: 51548
Building SqFt: 58774

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 3000
Parking Lot: Yes
Paved Lot: Yes

Public Survey Info

Range#: 07
Section#: 23
Township#: 107

Sale Options

Sale Includes: Building, Fixture/Equipment, Leases

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: 47760
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Discover this rare opportunity to own the historic Kensington, a premier investment property in the heart of downtown Winona. This vibrant 55+ community pairs a dynamic residential atmosphere with a thriving commercial clientele. Steps away from dining, shopping and entertainment, this well-established property boasts modern amenities, a vibrant social scene, and a loyal resident base. As retirement grows at a record pace, this is a prime moment to invest. The property is meticulously maintained and fully rented. There is also an option to acquire an additional parcel, a large commercial lot with garages and parking offering further development potential. Contact us today to learn more about this exceptional turnkey investment!
Directions: Hwy 61 and Huff street head north to 3rd St. Turn right to Johnson Street.

Accessible

Doors 36"+: Yes
Fully Wheelchair: Yes
Grab Bars In Bathroom: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Foundation

Combination: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Sewer

City Sewer - In Street: Yes

Water

City Water - In Street: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments and Retail: Yes

Current Use

Commercial: Yes
Residential: Yes
Retail: Yes

Potential Use

Income: Yes
Professional: Yes
Retail: Yes