121 Main Avenue W, Winsted, MN 55395 (MLS# 7080318)

121 Main Avenue W, Winsted, MN 55395

$279,900
Property Type: Commercial Bedrooms: 4 Baths: 5 Square Footage: 6,300 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $279,900 List Date: 5/27/2026 Last Modified: 10/02/2026

Overview

Description

Great opportunity in downtown Winsted with this mixed-use building offering 2 upper-level apartments and 3 street level commercial units all with private parking. This property's downtown location next to Winsted Lake has contributed to its consistent rental history. The basement is unfinished and offers 2 separate entrances that can be finished as 2 more units.

Listing Details MLS# 7080318

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Road Btwn WF & Home?
Yes
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
2100
Lake/Waterfront Name
Winsted
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.24
Lot Dimensions
100x105
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Balcony; Ceiling Fan(s); City View; Deck; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Panoramic View; Security Lights; Washer/Dryer Hookup Appliances: Dishwasher; Range; Refrigerator Basement: Full; Unfinished CMU Style: Apartments and Retail; Apartments/Multi Family; Mixed Use; Office Construction Status: Previously Owned Current Use: Office; Residential; Retail Elevation Highpoint to Waterfront Slope: Gradual Exterior: Stucco Fencing: None Flooring: Carpet; Tile; Vinyl/Linoleum; Wood Foundation: Stone Fuel: Natural Gas Heating: Forced Air Internet Options: Fiber Optic Lake Details: Soft Loan Terms: Cash; Conventional Location Description: Downtown Lot Description: Corner Lot; Tree Coverage - Light Miscellaneous Information: Display Window; Exterior Lighting; Kitchen Facilities On Site Utilities: Electric Separate; Heating Common; Hot Water Separate Owner Pays: Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Driveway - Shared; Uncovered/Open Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Flat; Rubber Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Topography: High Ground Wall Description: Drywall; Finished; Insulated; Plaster Water: City Water/Connected Waterfront Type: Lake View Waterfront View: Lake Window Features: Display Window(s); Double Pane Windows

Contract Information

Contingency
None
ListPrice
279900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
121
Street Name
Main
Street Suffix
Avenue
Street Direction Suffix
W
Postal City
Winsted
County
McLeod
State
MN
Zip Code
55395
Complex/Dev/Subdivision
Barretts

Assessments

Tax With Assessments
5316

Basement

Foundation Dimensions
24x59x14x18x38x77

More Information

Building Information

Building Finished SqFt
4200
Building SqFt
6300
Ceiling Height
8-10

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
40+

Income and Expenses

Annual Caretaker Expense
3600
Annual Electric Expense
3568
Annual Fuel Expense
1776
Annual Gross Expenses
17850
Annual Gross Income
39900
Annual Insurance Expense
3504
Annual Maintenance Expense
1300
Annual Net Income
22050
Annual Repair Expense
500
Annual Trash Expense
960
Annual Water/Sewer Expense
1910
Total Annual Expenses
17850

Lake Details

Lake Acres
382
Lake Depth
12

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Fixture/Equipment, Land, Leases

Unit 1

Unit Number
Yes
Monthly Rent
650
Half Baths
Yes
Total Bathrooms
Yes
Total Rooms
6
Level
Main Level
Unit Total SqFt
1100
Leased?
Yes
Lease Expiration Date
2026-12-31
No. of 1 Bedroom Units
Yes

Unit 2

Half Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
Main Level
Total Bathrooms
Yes
Total Rooms
Yes
Unit Number
2
Unit Total SqFt
260

Unit 3

No. of 3 Bedroom Units
Yes
Half Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
Main Level
Monthly Rent
725
Total Bathrooms
Yes
Total Rooms
4
Unit Number
3
Unit Total SqFt
1275

Unit 4

Full Baths
Yes
Lease Expiration Date
2025-12-15
Leased?
Yes
Level
2nd Level
Monthly Rent
1150
Total Bathrooms
Yes
Total Bedrooms
3
Total Rooms
9
Unit Number
201
Unit Total SqFt
1440

Unit 5

Full Baths
Yes
Lease Expiration Date
2026-01-30
Leased?
Yes
Level
2nd Level
Monthly Rent
800
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
5
Unit Number
202
Unit Total SqFt
680

Unit Details

Total Units
5

Documents

IDX
Listing Office: CENTURY 21 Atwood
Last Updated: October - 02 - 2026
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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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