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29847 County 2 Blvd - Villa Maria 40,000 SF Specialty Building Offered For Sale in Frontenac, MN 55026



Investment Highlights
- The Property is the most unique and remarkable development opportunity in Southeastern Minnesota from the Twin Cities to the Iowa border
- Available for sale, lease, or joint venture. It could also be sold in parts (event center uses, restaurant, multifamily/hotel use, and more
- The replacement value for all structures exceeds $20M (conservative estimate at under $300 PSF reconstruction value)
- Remarkable French Country Chateau style estate, situated on high elevation with fabulous views of the Lake Pepin river valley
- Villa Maria (±64,600 SF), Ursuline Hall (±3,428 SF), the Pool Complex (±3,388 SF) Maintenance Building (±1,344 SF), and the Garage (±2,156 SF)
- The primary building, Villa Maria, was built in 1946, and has been substantially renovated over the past 5 years
Executive Summary
Area Activities:
- Frontenac State Park
- Mount Frontenac Golf Course
- Lake Pepin
- Sheldon Theater of Performing Arts
- Pottery Museum of Red Wing
- Red Wing Shoe Store & Museum
- Falconer Vineyards
Property Facts
About 29847 COUNTY 2 BLVD , FRONTENAC, MN 55026
SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of Villa Maria ("Property"), a sprawling ±24 AC campus featuring four unique buildings, including the irreplaceable Villa Maria (Marian Hall). Set in the middle of 3,000 acres of private gardens and parkland (Frontenac State Park), and perched above Lake Pepin in Historic Old Frontenac, Minnesota, the Property is truly beyond compare. Villa Maria has rich history, and nearly endless re-use opportunities. Currently, with its use as an event/wedding venue, the Property can accommodate up to 290 guests. With large windows, expansive grounds, high ceilings, elegant lighting, and a full commercial kitchen, this is the ideal atmosphere for events that will not soon be forgotten. With its flexible commercial zoning (Commercial Recreational, one of only five such designations in all of Goodhue County), the Property is ripe for re-development, with uses including residential conversion (with the potential to build up to 30 stunning coops, condominiums or apartments), boutique hotel/resort, destination spa/wellness center, religious use, rehabilitation center, and much more. All of these opportunities can be executed at several multiples below replacement cost, and by multiple purchasers. The Property is being offered for sale (with possible seller financing), lease, and/or joint venture for all or individual parts of the project
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,263,800 | |
| Land Assessment | $535,400 | Total Assessment | $2,799,200 |
Property Taxes
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29847 County 2 Blvd - Villa Maria
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