Courtesy: Realty Growth Inc.
507-289-8000
This fully leased retail property presents a solid investment opportunity in one of Winona’s main retail corridors. Located within the Menards and Walmart Supercenter development along Frontenac Drive, the property benefits from strong visibility, consistent traffic, and surrounding national retailers including Walmart, Menards, and Target. The building was constructed for efficient retail or restaurant use, with potential for a drive-thru, and is well positioned within the development with ample parking and easy access. The property is fully leased under a Triple Net (NNN) structure, offering a passive investment with minimal landlord responsibilities and predictable cash flow. Built-in rent increases provide additional income growth over the term of the current leases. Winona draws from a broad regional base, supported by local colleges, healthcare, and a diverse employment mix, which helps drive steady traffic to the area. Overall, this is a straightforward, well-located asset with strong fundamentals and long-term stability.
Courtesy: Richard L. Jacobson Real Estate
507-452-1043
Step into a piece of architectural history with this iconic 1959 stone office building that beautifully reflects the craftsmanship and style of mid-century modern design. Constructed with natural stone, the building combines durability with striking visual character, highlighted by clean lines, geometric elements, and timeless design. The interior offers an impressive amount of functional workspace including conference rooms, 22 private offices, three large open cubicle areas, five bathrooms, and a convenient lower-level break area—making it an excellent setup for businesses looking for both space and character.
Courtesy: Coffee House Real Estate LLC
507-896-7653
Call today on this 6 residential, 4 office and 1 retail space property that awaits with a lot of upgrades installed recently. Great down town location with ample opportunity to start your own business.Parking behind building, not far from river, great location, and more!
Courtesy: Minnesota Banker Realty
507-474-1053
FOR SALE OR LEASE: 15,000sqft industrial warehouse/manufacturing, heavy power, high ceilings, loading dock, multiple drive in doors, 3 private offices, break area. 2 parcels included in offering
Courtesy: Minnesota Banker Realty
507-474-1053
FOR RENT: 11,000 sqft warehouse/manufacturing, heavy power, river views, extra office space available, space is on 3rd floor, access to industrial freight elevator and loading docks
Courtesy: Coldwell Banker River Valley, REALTORS
507-454-6750
Two Buildings. Two Income Opportunities. One Smart Investment. This unique commercial offering includes two separate buildings, each presenting an opportunity to double your investment potential. The real estate only is being offered for sale; however, the business is also available for purchase--please contact me directly for details. Building One was completely remodeled approximately eight years ago and features a kitchenette, bathroom, and a large open-concept space ideal for a wide range of business uses. Building Two, currently home to a quilt shop, includes a bathroom, private office, and an open retail/workspace layout ready to adapt to your vision. Located just off 5th Street, this property offers excellent visibility and accessibility, Ample off-street parking.
Courtesy: Keller Williams Premier Realty
507-424-4422
A Rare and unique opportunity to find this type of property. Located in the heart of downtown Winona where the options are endless as to what you could do with this incredible space. Many old gas station are being repurposed as cafes and restaurants, often preserving their vintage architecture. Currently shows a service station with 5 garage stalls and additional parking on site.
Courtesy: Real Broker, Llc.
For your consideration is 165 E 3rd street, which is located inside a historic district in the growing downtown of Winona Minnesota. The project qualifies for state and federal tax credits of 40% of the cost, reimbursed over five years. The building has been demoed on the interior and is ready for your desired buildout. The building features a new membrane roof with four inches of insulation, 2 new skylights, new gutters and down spouts.Masonry work has been completed to handle some foundational issues; some work is still needed. Details can be provided to interested parties. The downtown building also features a rare back courtyard that has been regraded and graveled for better water drainage. The courtyard could be used for parking or a large back patio area. There are four additional off-street parking spots in the rear. There are plans available that include 2 commercial spaces and 6 apartments, or you can bring your own vision and design to the project.(please note the aerial drone video under virtual tour)
Courtesy: Richard L. Jacobson Real Estate
507-452-1043
Restaurant Space for Sale – Prime Winona Location!!! Bring your culinary vision to life in this 1,670 sq ft (expandable to another 1000 sq ft) restaurant-ready space, perfectly positioned for success in one of Winona’s highest-traffic commercial corridors—directly across from Walmart, Menards, and Target. With strong visibility and easy access, this location offers the foot traffic and exposure every eatery needs to thrive. A Built-in Customer Base - Population of 27,000 and growing - Three local colleges bring thousands of students, staff, and faculty - Major manufacturers and businesses nearby provide steady lunch and dinner crowds - Tourists drawn to Winona’s cultural and outdoor offerings add to your potential reach Why Diners Love Winona - Charming Historic Downtown: Victorian architecture and boutique shops draw locals and visitors alike - Thriving Arts & Culture Scene: Live music, museums, and festivals keep people exploring—and hungry - Outdoor Adventures Nearby: Hiking, river activities, and scenic views attract adventurers who want to refuel after a day out - Year-Round Events: A full calendar of community celebrations keeps foot traffic consistent Whether you’re starting fresh or e expanding your restaurant brand, this flexible space offers the location, audience, and opportunity to succeed.
Courtesy: Coldwell Banker Commercial River Valley
608-784-9930
The historic Kensington is a prime Investment property featuring a vibrant 55 plus community and an active commercial clientele. Currently 48 residential units and 10 commercial units. Located in the heart of Winona and within walking distance to restaurants, shopping, entertainment. Many updates have been recently completed in the last couple of years. Property has been mediculously maintained. Option to buy or lease parcel 320001380 (160 W 4th ST) a large commercial lot with garages and parking with potential for further development.
Courtesy: Richard L. Jacobson Real Estate
507-452-1043
Versatile Commercial & Residential Opportunity in Prime Location Unlock the potential of this beautifully maintained, multi-use property—perfect for business owners, investors, or anyone seeking rental income. The main level is thoughtfully designed for professional use, offering two offices, three additional treatment rooms/offices (one with a sink), a welcoming reception area with front desk, and cozy in-floor heating for year-round comfort. Upstairs, you'll find a bright and spacious 2-bedroom, 1-bath apartment—ideal for generating rental income or accommodating staff. With the option to create a separate entrance, this space adds even more flexibility to the property’s use. Recent updates ensure peace of mind, including newer vinyl windows, central air conditioning, furnace, and water softener (2017), plus a brand-new water heater (2025). The electrical system was also modernized in 2017. Outside, enjoy a newer double garage, refreshed driveway, and updated walkways for added convenience and curb appeal. Situated in a highly accessible area that blends historic charm with modern amenities, this property is a rare find—offering exceptional functionality and investment value. Whether you're expanding your business or building your portfolio, this opportunity is not to be missed!
Courtesy: Richard L. Jacobson Real Estate
507-452-1043
Turnkey Business Opportunity! Step into ownership with confidence! This fully set-up business comes complete with everything you need to hit the ground running—inventory, equipment, and a streamlined operation all in place. Whether you're a seasoned entrepreneur or a first-time buyer, this is your chance to take over a ready-to-go venture with zero downtime and unlimited potential. Seller will help train new Owner.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2026, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved
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Winona is located in Minnesota. Winona, Minnesota has a population of 26,199. Winona is less family-centric than the surrounding county with 20.33% of the households containing married families with children. The county average for households married with children is 26.93%.
The median household income in Winona, Minnesota is $48,662. The median household income for the surrounding county is $61,753 compared to the national median of $69,021. The median age of people living in Winona is 29.9 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 8.5 degrees. The average rainfall is approximately 33.8 inches per year, with 37.1 inches of snow per year.
