$720,500
$975,000
26.1%For more information regarding the value of a property, please contact us for a free consultation.
227 Bush ST Red Wing, MN 55066
5,662 Sqft Lot
Key Details
Sold Price $720,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision City/Red Wing
MLS Listing ID 5614300
Sold Date 01/29/21
Year Built 1870
Annual Tax Amount $11,090
Tax Year 2019
Contingent None
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Mixed Use
Property Description
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!!
Location
State MN
County Goodhue
Zoning Business/Commercial
Rooms
Basement Full
Kitchen Cookware/Utensils, Prep Station, Refrigerator, Shelving and Racks, Walk-In Cooler/Freezer, Warming Table, Dishwasher, Freezer, Fryer, Grill, Ice Machine, Oven, Pre-Piped Fire Suppression System
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features None
Utilities Available None
Roof Type Other
Present Use Restaurant
Building
Lot Description Corner Lot, Zero Lot Line
Story Three Or More
Foundation 7000
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Brick/Stone
Schools
School District Red Wing
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