828 Main St

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828 Main St

Red Wing, MN 55066
Asking Price
$599K
Asset Type
Retail
Class
Class B

What's Special

828 Main Street is situated in the historic downtown district of Red Wing, Minnesota, a region characterized by well-preserved nineteenth-century architecture and a consistent flow of pedestrian traffic. The property is positioned along a primary thoroughfare, offering direct access to Highway 61 and proximity to the Mississippi River riverfront. The surrounding neighborhood features a mix of local boutiques, established dining options, and cultural landmarks, including the Sheldon Theatre. Public transit stops and municipal parking lots are located within walking distance of the site. The building is suited for a variety of retail applications, including specialty shops, showrooms, or small-scale general merchandise stores. Given the high-visibility storefront and the area's established tourism and local commerce, the location is optimal for tenants seeking to capitalize on steady foot traffic. Typical tenants for this asset profile include local entrepreneurs, regional retail chains, or service-oriented businesses that benefit from a central, walkable urban environment.

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NOI
$80,000
Cap Rate
13.36%
DSCR
2.25
Strong
Cash-on-Cash
24.73%
Monthly Payment
$2,963.525
Annual Cash Flow
$44,437.698

Location & Travel Times