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248 Main St W, Wabasha, MN, 55981

1beds
2baths
675sqft
$122,000
$181price/sqft
$900/moest. monthly cost
$36,000/yrincome needed

About This Home

This location is hard to beat. Set in the heart of downtown Wabasha and just one block from the Mississippi River, this condo is within easy walking distance of the river front, the National Eagle Center, the amphitheater, the library, coffee shops, restaurants, local boutiques, Under the Bridge concerts, and Slippery’s, made famous by Grumpy Old Men. A laundromat is conveniently located across the street. From the living room, you can even catch a view of the bridge. Located steps above Main Street in a beautiful brick building that has long been a downtown staple, this clean and charming condo has a personality all its own. The spacious kitchen offers plenty of cabinet space, a pantry, and name brand appliances. The living room includes a dry bar area, space for a dining table, and a beautiful two sided, stone accented gas fireplace. Vinyl plank flooring runs throughout the main living areas and bedroom, with no carpet anywhere in the unit. On the other side of the fireplace is a cozy bonus space with a mantel and jetted tub. It is an unexpected little retreat that could be used as a spa room, reading nook, yoga space, or sitting room. Marble tile surrounds the tub. Whether you are looking for an affordable place to call your own or are interested in exploring rental possibilities, this is a genuinely special opportunity to own a little piece of downtown Wabasha. Rental use is subject to buyer verification of all applicable association and local requirements. Most furnishings may be available with an acceptable offer, making this an easy turnkey option. Massage chair and bed frame are excluded. Owning this affordable home could be cheaper than renting! The association fee is only $111 per month and includes gas, heat, water, sewer, trash, and insurance; the owner currently pays only electric and internet.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
55
BikeBikeable

Schools

8/10
Wabasha-Kellogg SecondaryGrades 7-122.1 mi

Construction

Condition

  • Year built: 1884

Materials

  • Roof: Flat,Rubber

Type & Style

  • Home type: Condo
  • Property subType: (CC) Low Rise (3- Levels)

Interior

Appliances

  • Appliances included: Freezer,Microwave,Range,Refrigerator
  • Laundry features: Other

Basement

  • Basement: None

Bathroom

  • Level: Main
  • Area: 45
  • Dimensions: 9'x5'

Bedroom

  • Level: Main
  • Area: 99.75
  • Dimensions: 9'6x10'6

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/4 bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace features: Double Sided,Gas,Living Room,Stone
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 675

Heating & Cooling

  • Heating features: Fireplace(s)
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 675
  • Total interior livable area: 675 sqft

Kitchen

  • Level: Main
  • Area: 115
  • Dimensions: 9'7x12'

Living Room

  • Level: Main
  • Area: 221
  • Dimensions: 13'x17'

Sitting Room

  • Level: Main
  • Area: 169
  • Dimensions: 13'x13'

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: R270160300
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 675

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 696.96 sqft
  • Lot size dimensions: Common

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Hail
Inland Flooding
Tornado
Cold Wave
Lightning
Winter Weather

FEMA Declared Disasters in Wabasha County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $616$7,392
Home Insurance *$87$1,044
Property Taxes $27$324
Electricity $170$2,050
Total$900$10,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$30,857/yr
40% on housing$27,000/yr
45% on housing$24,000/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$181This listing

vs Other Active Listings

Avg $/sqft

ZIP 55981$182
Wabasha County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 55981$148
Wabasha County$162

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-21Price change$122,000
2026-06-10Listed for sale$125,000
2020-05-29Sold$70,900
2013-11-05Sold$42,500

For Sale by Agent

AgentHeather Lynn Barker
BrokerageExit Northstar Realty

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