127 Danforth AVE S new Save Request In-Person Tour Request Virtual Tour
Red Wing,MN 55066
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,552 sqft
Price per Sqft $19
Subdivision Homeland Add
MLS Listing ID 6745734
Year Built 1986
Annual Tax Amount $5,824
Lot Size 0.380 Acres
Property Description
Prime Commercial Property on Hwy 61-Income-Producing Investment Opportunity
Excellent investment opportunity with strong income potential! This versatile commercial property features two leased units: one currently operating as a tanning salon, and the other occupied by a small church. Both tenants are on month - to - month leases and currently cover all expenses, making this a hassle free income generator.
Located just off Highway 61, the property boasts high visibility and easy access, surrounded by other thriving businesses and commercial activity.
Highlights:
Two-unit commercial building
Current tenants: tanning salon and small church
Tenants pay all expenses
Month to month leases offer flexibility
High-traffic location off Hwy 61
Close to numerous commercial amenities.
Location
State MN
County Goodhue
Community Homeland Add
Interior
Heating Forced Air
Cooling Central
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate,Heating Separate
Roof Type Age Over 8 Years
Building
Lot Description Irregular Lot
Water City Water/Connected