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Additional details
$1,440,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7058777
Year Built 1997
Annual Tax Amount $18,298
Tax Year 2026
Contingent None
Lot Dimensions 201x295
Property Description
Government-Leased Office Building – USDA Tenant (Lease Through April 30, 2030)
This high-quality, single-story office building was purpose-built (1997) to meet the specific needs of a government tenant and is currently leased to the USDA through April 30, 2030, offering stable, long-term income.
The property features a highly functional and efficient layout, including:
• 18 private offices
• Large open staff work area
• Conference room
• Dedicated data processing/IT room
• Reception area with vestibule entry
• Employee breakroom
• Restrooms
• Storage and mudroom space
The building is complemented by a large, oversized parking lot, providing ample parking (60+) for both staff and visitors.
Investment Highlights & Income Potential
The property is priced based on current income and expenses for the year ending 2025, providing a solid and transparent financial baseline for investors.
Additionally, there is 431 sq. ft. of finished office space recently vacated by another government agency, which constructed a new facility to accommodate its expanded space requirements.
This space presents a strong value-add opportunity, as it could be leased by the current USDA tenant (subject to government approval) for an additional $12,175 in annual rent. If leased, the total annual rental income would increase to $199,812.25, based on 7,073 rentable square feet.
Importantly, this space is fully finished and requires no further improvements, allowing for immediate occupancy and increased income potential.
Explore the original design of fractional or group ownership with this already-surveyed property, thoughtfully divided into 8 separate parcels. Whether you're considering a shared investment with partners or individual ownership across multiple investors, this setup offers flexibility and strong potential.
This high-quality, single-story office building was purpose-built (1997) to meet the specific needs of a government tenant and is currently leased to the USDA through April 30, 2030, offering stable, long-term income.
The property features a highly functional and efficient layout, including:
• 18 private offices
• Large open staff work area
• Conference room
• Dedicated data processing/IT room
• Reception area with vestibule entry
• Employee breakroom
• Restrooms
• Storage and mudroom space
The building is complemented by a large, oversized parking lot, providing ample parking (60+) for both staff and visitors.
Investment Highlights & Income Potential
The property is priced based on current income and expenses for the year ending 2025, providing a solid and transparent financial baseline for investors.
Additionally, there is 431 sq. ft. of finished office space recently vacated by another government agency, which constructed a new facility to accommodate its expanded space requirements.
This space presents a strong value-add opportunity, as it could be leased by the current USDA tenant (subject to government approval) for an additional $12,175 in annual rent. If leased, the total annual rental income would increase to $199,812.25, based on 7,073 rentable square feet.
Importantly, this space is fully finished and requires no further improvements, allowing for immediate occupancy and increased income potential.
Explore the original design of fractional or group ownership with this already-surveyed property, thoughtfully divided into 8 separate parcels. Whether you're considering a shared investment with partners or individual ownership across multiple investors, this setup offers flexibility and strong potential.
Location
State MN
County Kandiyohi
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Vinyl
Inclusions Building, Land, Leases
Fireplace No
Appliance Gas Water Heater, Microwave, Refrigerator
Exterior
Parking Features Parking Lot, Paved Lot
Fence Privacy, Vinyl
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age Over 8 Years
Present Use Professional/Office
Building
Story One
Foundation 8200
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
New Construction false
Schools
School District Willmar
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Listed by Randall Ryan • RE/MAX Preferred Realty
Nearby School & Business
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