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$4,800,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 58,774 Sq. Ft.
  • 0.771 Acres
  • Updated 1 day ago
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Discover this rare opportunity to own the historic Kensington, a premier investment property in the heart of downtown Winona. This vibrant 55+ community pairs a dynamic residential atmosphere with a thriving commercial clientele. Steps away from dining, shopping and entertainment, this well-established property boasts modern amenities, a vibrant social scene, and a loyal resident base. As retirement grows at a record pace, this is a prime moment to invest. The property is meticulously maintained and fully rented. There is also an option to acquire an additional parcel, a large commercial lot with garages and parking offering further development potential. Contact us today to learn more about this exceptional turnkey investment!

Full Property Details for 157 W 3rd St

General

  • Price: $4,800,000
  • Taxes: $47,760 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7046317
  • Updated: 4/2/2026
  • Added to Site: 1 day(s) ago

Parking

  • Garage: Yes
  • Garage Spaces: 11
  • Parking Features: Detached Garage, Parking Lot, Paved Lot

Location

  • County: Winona
  • Township: Winona
  • Driving Directions: Hwy 61 and Huff street head north to 3rd St. Turn right to Johnson Street.

School Information

  • School District: 2306 - Winona Area Public Schools
  • High School District: Winona Area Public Schools

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (In-Street)
  • Utility Description: Electric Separate

Structural Information

  • Foundation Size: 14774
  • Disability Access: Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom
  • Square Feet: 58,774
  • Finished Down/Base.: 58,774 Sq. Ft.
  • Current Bldg. Use: Commercial, Residential, Retail
  • Year Built: 1890

Lot Features

  • Lot Size (Acres): 0.771
  • Lot Dimensions: 120 x 140
  • Potential Use: Professional Service, Retail, Income
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $47,760
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SECT-23 TWP-107 RANGE-007 ORIGINAL PLAT LOT-001 BLOCK-019 ORIGINAL PLAT & LOT 2
  • Inclusions: Building, Fixture/Equipment, Leases
  • Property ID: 320001360

Listed by Keller Williams Premier Realty

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— 157 W 3rd St —

  • Keller Williams Premier Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 157 W 3rd St

School District:Winona Area Public School District
NameGradesDistance
Washington Elementary School, Winona, MN
365 Mankato Avenue, Winona, MN 55987
K-41.2 mi
Winona Middle School
1570 Homer Road, Winona, MN 55987
5-82.6 mi
Winona Senior High School
901 Gilmore Avenue, Winona, MN 55987
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 157 W 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/02/2026
Listed
$4,800,000
29.73%
MLS
7/14/2023
Sold
$3,700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 157 W 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$47,760
8%
$2,768,400
-2%
2023
$44,330
6%
$2,819,200
2%
2023
$41,986
-5%
$2,764,100
4%
2022
$43,966
—
$2,652,400
2%
2021
$43,980
-4%
$2,595,200
4%
2020
$45,698
-2%
$2,506,200
—
2019
$46,518
10%
$2,506,200
1%
2018
$42,438
10%
$2,480,600
100%
2015
$38,506
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams Premier Realty

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157 W 3rd Street, Winona, MN 55987 (MLS# 7046317) is a Commercial property. 157 W 3rd Street is currently listed for $4,800,000 and was received on April 02, 2026. Want to learn more about 157 W 3rd Street? Do you have questions about finding other Commercial real estate for sale in Winona? You can browse all Winona real estate or contact a Coldwell Banker agent to request more information.

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