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Armory Center 217 Plum St 12,200 SF 100% Leased Office Building Red Wing, MN 55066 $1,091,296 CAD ($89.45 CAD/SF)

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Investment Highlights

  • Downtown Redevelopment Opportunity – Part of a revitalized riverfront area with growing foot traffic.
  • Ready Infrastructure – Equipped kitchen/event space lowers barrier to entry for hospitality operators
  • Flexible Interior Layout – Ideal for office conversion, retail, craft food market, gallery space, or mixed-use development.

Executive Summary

Step into the Armory Building at 217?Plum Street—a beautifully restored historic landmark offering 12,200?sq?ft of turn-key commercial versatility. The lower level hosts a fully equipped catering/event kitchen and dining area with built-in fire suppression and ventilation. Upstairs, flexible multi-tenant suites—currently housing medical, wellness, and financial services—are supported by signage opportunities and modern systems. With 25 reserved parking spaces, transit adjacency, and majority owner control of the condominium, this is a rare downtown opportunity combining heritage, functionality, and scale.
The property comprises a commercial condominium with multiple units. The offering includes ownership of all but two spaces within the condominium association.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,200 SF
Building Class
C
Year Built
1900
Price
$1,091,296 CAD
Price Per SF
$89.45 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,100 SF
Slab To Slab
9’
Building FAR
1.48
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
3A COMMERCIAL LAND
Parking
25 Spaces (1.78 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Family Services Rochester
  • Health Care and Social Assistance
  • 356 SF
  • -
  • -
  • Hiawatha Valley
  • Health Care and Social Assistance
  • 1,455 SF
  • -
  • -
  • Midwest Recovery
  • Health Care and Social Assistance
  • 962 SF
  • -
  • -
  • Red Wing Acupuncture
  • Health Care and Social Assistance
  • 746 SF
  • -
  • -
  • Ripley Dental
  • Health Care and Social Assistance
  • 1,932 SF
  • -
  • -
  • Finance and Insurance
  • 1,038 SF
  • -
  • -

Thrivent is a membership-owned financial services organization headquartered in Minneapolis, Minnesota. The company was officially formed in 2002 through the merger of Aid Association for Lutherans, founded in 1902, and Lutheran Brotherhood, established in 1917. Thrivent operates as a fraternal benefit society and provides a wide range of financial products and services, including life insurance, annuities, mutual funds, retirement planning, and banking solutions. The organization also offers investment management and advisory services through its subsidiaries. Thrivent emphasizes a holistic approach to financial planning, integrating insurance, investment, and charitable giving strategies. The company is privately held and maintains a strong presence across the United States, serving millions of members through its network of financial professionals. Over its history, Thrivent has expanded its offerings to include digital tools and resources, reflecting its commitment to evolving client needs while maintaining its foundational mission of supporting financial well-being and community engagement.

Tenant Industry SF Occupied Rent/SF Lease End
Family Services Rochester Health Care and Social Assistance 356 SF - -
Hiawatha Valley Health Care and Social Assistance 1,455 SF - -
Midwest Recovery Health Care and Social Assistance 962 SF - -
Red Wing Acupuncture Health Care and Social Assistance 746 SF - -
Ripley Dental Health Care and Social Assistance 1,932 SF - -
Finance and Insurance 1,038 SF - -
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 55.017.0060
  • 55.017.0030
  • 55.017.0050
  • 55.017.0020
  • 55.017.0070
  • 55.017.0010
Land Assessment
$232,100 CAD
Improvements Assessment
$1,057,576 CAD
Total Assessment
$1,289,677 CAD
  • Listing ID: 36809830

  • Date on Market: 2025-07-18

  • Last Updated:

  • Address: 217 Plum St, Red Wing, MN 55066

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