1005 High Avenue NE, Willmar, MN 56201
sale
$1,440,000
|
Other
Courtesy Of RE/MAX Preferred Realty
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.
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Property Features
- Age: 21-30 Years Old
- Appliance: Microwave
- Appliance: Refrigerator
- Architecture Style: Other
- Cooling System: Central Air
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floor Covering: Carpet
- Heating System: Forced Air
- Legal Description: See agent remarks.
- MLSID: 7058777
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