1412 W 4th St - Bay View Nursing and Rehabilitation Center Immeuble de 71 147 pi² • Soins de santé • À vendre • Red Wing, MN 55066

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Red Wing Health Center, a compelling redevelopment opportunity located in Red Wing, just a few blocks from the Mississippi River.
Situated on a prominent corner site, Red Wing Health Center benefits from strong visibility and is surrounded by established residential neighborhoods, local services, and amenities. The property is also conveniently located near major area employers, including Mayo Clinic Health System in Red Wing, supporting long-term housing demand and investment fundamentals in the market.
The property sits on approximately 1.54 acres and features a substantial three-story building totaling roughly 86,453 square feet. Currently configured as a skilled nursing facility with 145 beds, the asset presents a unique opportunity to redevelop the property into a multifamily investment, or alternatively pursue another adaptive reuse strategy, subject to obtaining the necessary City approvals.
Originally constructed in 1965 with additions completed in 1972 and 1982, the building offers a flexible layout and large existing footprint conducive to a variety of redevelopment concepts and unit configurations. Importantly, the property has undergone significant remodeling in recent years and benefits from numerous recent capital improvements, reducing near-term renovation requirements for a future owner.
The site enjoys convenient access along West 4th Street and is complemented by a neighboring parcel across Jackson Street that provides 31 surface parking spaces. From a zoning standpoint, the property is located within the City of Red Wing and is zoned R-2 (Two-Family Residential), with a clear pathway to support a larger multifamily redevelopment through the City’s approval process.
Overall, Red Wing Health Center offers investors the opportunity to execute a scaled conversion project in a highly visible location, near the Mississippi River, with strong surrounding fundamentals, recent property updates, and multiple potential redevelopment outcomes.