Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    314 5Th St Willmar, MN 56201

    Sponsored
    For Sale
    $379,000

    Prime Willmar location, income-producing property.

    Property size:
    18,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional mixed-use property at 314 5th Street SW in Willmar, Minnesota, presents a unique investment opportunity. The 18,000 square foot building, constructed in 1984 using all-concrete, tip-up construction, sits on a 0.17-acre lot. The structure boasts a new roof (installed in 2005) and a new gas boiler (2020). The city hot water system has been removed. A screened-in porch adds to the building's appeal. A three-car garage with floor drains provides ample parking and storage. The property comprises two parcels. The main building features two apartments. The larger apartment offers 2,500 square feet of living space, including five oversized bedrooms with walk-in closets, an expansive kitchen with formal and informal dining areas, and an open concept design. Two bathrooms, one en-suite with a walk-in shower and oversized 6x6 closets, complete this spacious unit. The second apartment is a one-bedroom unit with a bathroom, kitchen, and living room. This versatile commercial space offers significant potential for business expansion or a new venture. The combination of commercial space and income-generating apartments provides a strong return on investment. The substantial storage space further enhances the property's value. Priced at $379,000, this property is ready for its next chapter.

    Property Features for 314 5Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    18,000 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Willmar
    County
    Kandiyohi
    State
    Minnesota
    Longitude
    -95.0498
    Latitude
    45.12066

    Nearby Similar for Sale

    • $625,000
      5.03 Acres

      Former Shelter Care Facility

      Well-maintained commercial property near Willmar, MN, with versatile business potential.
      3619 15Th Ave SW, Willmar, MN 56201
      View Details
    • Contact for pricing
      1.47 Acres

      Move-in-Ready Office Space Available

      Spacious office space with shared amenities in premium location.
      2320 Highway 12 E, Willmar, MN 56201
      View Details
    • Contact for pricing
      0.69 Acres

      High Exposure Office Suite

      Office suite with flexible space and highway signage available.
      222-2 20Th St SE, Willmar, MN 56201
      View Details
    • $325,000

      Versatile Commercial Property, Willmar, MN

      Flexible commercial space suitable for various business types in Willmar.
      1001 Highway 12 E, Willmar, MN 56201
      View Details
    • Contact for pricing
      0.28 Acres

      Commercial Space in Willmar, MN

      Commercial space available in a prime location in Willmar.
      716 1St St S, Willmar, MN 56201
      View Details
    • $100,000
      0.19 Acres

      Versatile Commercial Property in Willmar

      Unique commercial property with cold storage and heated warehouse space.
      1705 2Nd Ave SE, Willmar, MN 56201
      View Details
    • $1,199,999
      25,712 SF

      Historic Office Building, Willmar

      25,712 sf office building in downtown Willmar for sale.
      302 5Th St SW, Willmar, MN 56201
      View Details
    • $700,000
      4,600 SF

      Prime Automotive Shop on Corner Lot

      4,600 SF auto shop on 0.61 acre corner lot.
      104 Litchfield Ave SE, Willmar, MN 56201
      View Details
    • $232,000
      1,292 SF

      Charming Twin Home with Updates

      Well-maintained 2 bed, 2 bath home with sunroom and updates.
      2705 6Th St SW, Willmar, MN 56201
      View Details
    • $1,499,999
      18,680 SF

      Willmar Automotive and Retail Property

      18,680 SF property on 3.04 acres in Willmar, MN.
      1418 1St St S, Willmar, MN 56201
      View Details
    • $345,000
      5,800 SF

      Retail Property in Willmar, MN

      Retail property available for sale in Willmar, Minnesota.
      916 Litchfield Ave SW, Willmar, MN 56201
      View Details
    • $550,000
      14,000 SF

      Industrial Warehouse Space For Sale

      14,000 square foot industrial warehouse available for purchase.
      312 24Th Ave SW, Willmar, MN 56201
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Willmar location, income-producing property.
    Where is this mixed-use property located?
    The property is located at 314 5Th St Willmar, MN.
    What is the asking price?
    The asking price for this property is $379,000.
    (320) 235-7887
    Request Owner's contact information
    314 5Th St Willmar, MN 56201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    314 5Th St
    Willmar, MN 56201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    314 5Th St Willmar, MN 56201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.