127 Danforth AVE S, Red Wing, MN 55066 - MLS#6745734

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Nick Leavy

EXIT Realty Metro

nick@ermetro.com +1(612) 236-5331

$325,000

Est. payment - /mo

2 Baths

16,552 SqFt

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UPDATED:

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

Acres 0.38

Lot Dimensions 125X133X125X133

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

Direction Hwy 64 to Danforth

Rooms

Basement Concrete Block

Interior

Heating Forced Air

Cooling Central

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate

Roof Type Age Over 8 Years

Accessibility No Stairs External, No Stairs Internal

Porch Other

Building

Lot Description Irregular Lot

Water City Water/Connected

Others

Senior Community No

Tax ID 558600470

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Listed by Exit Realty Rivertown

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