For Sale: Willmar MLS# 7058777
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,440,000
Property Type:
Commercial
City:
Willmar
Garage Spaces:
0
County:
Kandiyohi
Year Built:
1997
State:
MN
Property Style:
1 Story
Zip Code:
56201
Interior
Ceiling Height:
11-15
Flooring:
Carpet, Vinyl
Refrigerators:
One
Appliances Included:
- Gas Water Heater
- Microwave
- Refrigerator
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
8,200 ft2
Foundation Dimensions:
85x112
Fencing:
Privacy, Vinyl
Handicap Accessible:
No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Road Frontage:
City Street
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0
Geolocation:
45.1273222368, -95.0316440936
Inclusions:
Building, Land, Leases
Lot Dimensions:
201 x 295
Addl Parcels:
958380020, 958380030, 958380040, 958380050, 958380060, 958380070, 958380080
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
347
District Phone:
3202318500
Expenses
Annual Caretaker Expense:
$7,150
Annual Electric Expense:
$6,747
Annual Fuel Expense:
$10,496
Annual Insurance Expense:
$2,279
Annual Trash Expense:
$1,620
Tenant Expenses:
Broadband, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$18,298
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$18,298
Income
Annual Gross Income:
$187,637
Units
Total Units:
8
Miscellaneous
Current Use:
Professional/Office
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Preferred Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.