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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)



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
The property comprises a commercial condominium with multiple units. The offering includes ownership of all but two spaces within the condominium association.
Property Facts
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
- -
- -
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 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,057,576 CAD | |
| Land Assessment | $232,100 CAD | Total Assessment | $1,289,677 CAD |
Property Taxes
Presented by
Armory Center | 217 Plum St
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