Red Wing, MN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Red Wing, Minnesota Market population: 16K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Red Wing MN Properties: 1.2400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Red Wing MN
Common questions from investors exploring commercial real estate in Red Wing MN.
What's the overall investment potential of Red Wing, MN?
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With a median household income of $50,387 and a relatively low poverty rate of 13.5%, Red Wing presents a stable market, further reinforced by its high health insurance coverage of 91.5% and short average commute time of 21.1 minutes, indicating a reliable workforce and solid infrastructure.
How does the local economy impact real estate demand?
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The top industries in Red Wing, including Finance & Insurance, and Transportation & Warehousing, contribute to a diverse economy, while the median property value of $160,800 and median property taxes of $4,826 suggest a balanced housing market, attractive to both investors and homeowners, especially considering the city's ethnic diversity with White and White Non-Hispanic populations being the most prominent.
What are the key factors influencing tenant quality and stability?
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The combination of a 13.5% poverty rate and 91.5% health insurance coverage in Red Wing suggests a working-class market with employment stability, which is further supported by the short average commute time of 21.1 minutes and the prevalence of driving alone and carpooling as top commute methods, indicating reliable transportation options for the workforce.
How does the city's demographic profile affect market demand?
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Red Wing's population of 16,475, with a median age of 41.0 and a diverse ethnic makeup including White, White Non-Hispanic, and Hispanic populations, contributes to a dynamic market demand, especially when considering the city's top industries and the relatively high homeownership rate of 68.7%, which together suggest a stable and growing community.
What role does income inequality play in the local real estate market?
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With a GINI coefficient of 0.418, indicating a moderate level of income inequality, and a median household income of $50,387, Red Wing's real estate market may experience a mix of demand for affordable and higher-end properties, particularly influenced by the presence of finance and insurance industries, and the relatively high health insurance coverage rate, which can impact the quality and stability of tenants and homeowners alike.
Red Wing MN Real Estate & City Facts
Key facts and real estate information about Red Wing MN.
What are some of the best neighborhoods to live in Red Wing?
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Some of the best neighborhoods to live in Red Wing include Hay Creek Valley Rd, which is a charming and peaceful neighborhood with mature and scenic surroundings, and the central parts of the city, which tend to be more desired. Other neighborhoods like Zumbrota and Wanamingo are also worth considering.
What are some fun things to do in Red Wing?
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There are plenty of fun things to do in Red Wing, such as hiking at Memorial Park, playing golf at one of the three golf courses, or exploring the art scene. You can also visit the giant boot, drive up to Memorial Bluff for a great view, or hike up Barns Bluff. Additionally, the city has a farmers market and a variety of unique local establishments to check out.
What is the food scene like in Red Wing?
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The food scene in Red Wing is unique and delicious, with a variety of local establishments to choose from. Some popular restaurants include The Smokin Oak Rotisserie & Grill, Scarlet Kitchen & Bar, and Bev's Cafe. You can also find great steaks at Widerholt's and burgers at Kings in nearby Miesville. There are also plenty of great food trucks and cafes to grab a bite to eat.
What are the pros and cons of living in Red Wing?
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The pros of living in Red Wing include its charming and peaceful atmosphere, with plenty of outdoor recreation opportunities and a strong sense of community. However, some cons include the city's relatively small size and limited job opportunities. Additionally, the cost of living in Red Wing can be higher than in other parts of the state. Overall, Red Wing is a great place to live for those who value a close-knit community and easy access to nature.
Is Red Wing a good place to live?
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Yes, Red Wing is a good place to live for those who value a charming and peaceful atmosphere, with plenty of outdoor recreation opportunities and a strong sense of community. While it may have some limitations in terms of job opportunities and cost of living, the city's unique character and natural beauty make it a great choice for many people. Ultimately, whether or not Red Wing is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Red Wing MN Commercial Property: $50,387
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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