111 Hill Street, Red Wing, MN 55066

$11.50
Property Type: Commercial Lot Size (sq. ft.): 16,988 Status: Closed
Current Price: $11.50 List Date: 11/22/2024 Last Modified: 8/08/2025

Overview

Description

111 Hill St. is a multi-tenant office building that has three separate units, each with separate entrances and separate utility meters. This investment opportunity has two long term tenants already. An owner/user could occupy the vacant office suite of 1,080 SF. The updated office build out has views of Red Wing Bay on the Mississippi. Call agent to arrange a showing. Showing time not available for this property. Lease rate is $11.50/SF NNN and Tax & CAM estimate $3.42/SF.

Listing Details MLS# 6634275

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
12
Year Built
2000
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3900
Lake/Waterfront Name
Mississippi River
For Sale or Lease
For Lease
Acres
0.39
Lot Dimensions
150x129
Garage Stalls
0

Property Features

Accessible: No Stairs External Air Conditioning: Central Air Basement: Partial; Single Tenant Access CMU Style: Freestanding; Office Construction Status: Previously Owned Current Use: Commercial; Professional Service Exterior: Brick/Stone Fuel: Natural Gas Heating: Forced Air Lease Details: Triple Net Location Description: Free Standing On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot; Paved Lot Rent Rate per Foot: Per Month Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Off Market Date
2025-04-24
Closed Date
2025-04-04
Sales Close Price
11.5
Original List Price
11.5
Contingency
None
ListPrice
11.5
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
111
Street Name
Hill Street
Postal City
Red Wing
County
Goodhue
State
MN
Zip Code
55066
Complex/Dev/Subdivision
Freeborns Add

Assessments

Tax With Assessments
8090
Assessment Balance
0

Building Information

Building Finished SqFt
4920
Ceiling Height
8-10

More Information

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Square Foot
Triple Net
Yes

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Leases

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
FREEBORNS ADDITION DOC#621372 NLY 107FT OF SW1/2 OF LOT 8 NLY 107FT OF LOTS 9 & 10 BLK 17
Listing City
Red Wing
Map Page
999
Municipality
Red Wing
School District
Red Wing
School District Phone
651-385-4500
DNR Lake Classification
Not Applicable
Zip Plus 4
4358
Property ID Number
TBD
Tax Year
2024
Tax Amount
8090
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
111 Hill St. is a multi-tenant office building that has three separate units, each with separate entrances and separate utility meters. This investment opportunity has two long term tenants already. An owner/user could occupy the vacant office suite of 1,080 SF. The updated office build out has views of Red Wing Bay on the Mississippi. Call agent to arrange a showing. Showing time not available for this property. Lease rate is $11.50/SF NNN and Tax & CAM estimate $3.42/SF.
Directions
Hwy 61 to north on Hill St in Red Wing.

Accessible

No Stairs External
Yes

Air Conditioning

Central Air
Yes

Basement

Partial
Yes
Single Tenant Access
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lake/Waterfront

River View
Yes

Parking Characteristics

Parking Lot
Yes
Paved Lot
Yes

Roof

Asphalt Shingles
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Freestanding
Yes
Office
Yes

Current Use

Commercial
Yes
Professional Service
Yes

Location Description

Free Standing
Yes

Rent Rate per Foot

Per Month
Yes
IDX
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Last Updated: August - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.