Amazing updated brick buildings in downtown Red Wing! Beautiful Class A restaurant/bar with $500-600K historical sales per year open just limited hours (24 hours/week) could give a new entrepreneur an high class opportunity for seven figure sales! 6 fully rented apartments with long term tenants!! About $4000/mo in rent. Great opportunity for investor to own this portfolio and lease the restaurant (approx $4500-5000/mo)! Or, enterprizing restauranteer could use apartment rent to off-set debt service and have a TURN KEY operation as all FF&E is INCLUDED!! Third floor and lower level unfinishes spaces have 12-14 ft ceilings for development into MORE INCOME!!
Courtesy of: Keller Williams Preferred Rlty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other than Northstar are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the site owner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. ©2020 Regional Multiple Listing Service of Minnesota. All rights reserved. By conducting a property search on this site, user agrees to EULA found on: http://www.northstarmls.com/wp-content/uploads/2015/08/EULA.pdf
Updated: 16th January, 2021 11:41 AM (UTC).
FOR SALE
$975,000
Amazing updated brick buildings in downtown Red Wing! Beautiful Class A restaurant/bar with $500-600K historical sales per year open just limited hours (24 hours/week) could give a new entrepreneur an high class opportunity for seven figure sales! 6 fully rented apartments with long term tenants!! About $4000/mo in rent. Great opportunity for investor to own this portfolio and lease the restaurant (approx $4500-5000/mo)! Or, enterprizing restauranteer could use apartment rent to off-set debt service and have a TURN KEY operation as all FF&E is INCLUDED!! Third floor and lower level unfinishes spaces have 12-14 ft ceilings for development into MORE INCOME!!
Lot Size: 0.13 Status: Active Style: Mixed Use Year Built: 1870 Amenities: None Basement: Full Community Amenities: None Directions: Hwy 61 South Into Red Wing Downtown To Bush Street Right To Property. Gas Source: Natural Gas Heating: Forced Air Lot Dimensions: 0x0 Parking: None Road Frontage: City Street Roof: Other School District: 256 Red Wing Sewer: City Sewer/Connected Siding: Brick/Stone Subdivision: City/Red Wing Utilities: None Water: City Water/Connected
https://www.kwpr.com
651.379.5252
frontdesk264@kw.com
Courtesy of: Keller Williams Preferred Rlty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other than Northstar are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the site owner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. ©2020 Regional Multiple Listing Service of Minnesota. All rights reserved. By conducting a property search on this site, user agrees to EULA found on: http://www.northstarmls.com/wp-content/uploads/2015/08/EULA.pdf
Updated: 16th January, 2021 11:41 AM (UTC).