18-Unit Apartment
New
For Sale
$1,800,000
1116 2nd Street SE, Willmar, MN 56201
Commercial Sale, Willmar, MN
Property SizeContact for details
Lot Size0.86 Acres
Days on Market2
Property Features for 1116 2nd Street SE
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Driveway, Parking Lot
Appliances
Range, Refrigerator
Lot features
Public Transit (w/in 6 blks)
High school district
Willmar
Directions
Willmar Ave to 2nd St SE, North to building on the left
Standard status
Active
APN
959141520
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
18792
Utilities
Heating system
Baseboard
Cooling system
Wall Unit(s)
Amenities
laundry
storage
Building Details
Year built
1972
Roof type
Rubber
Listing Agency:
Real Estate Masters, Ltd.
Listed By:
Samantha Jill Jacobson
(651) 484-4818
Added: Oct 29
Last Checked: Oct 30 at 8:06AM
MLS# 7166958
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 18-unit apartment property was built in 1972 and sits on 0.858 acres. The unit mix includes twelve two-bedroom apartments and six one-bedroom apartments. Laundry and storage areas are available on each floor, and the building has a parking lot and driveway. Heating is provided by baseboard systems, with wall-unit cooling; ranges and refrigerators are included.
Recent work includes updated paint and flooring in the hallways. Eight apartments have newer or new luxury vinyl plank flooring, and one two-bedroom unit has been remodeled apart from its bathtub. The property also has many newer windows.
Recent work includes updated paint and flooring in the hallways. Eight apartments have newer or new luxury vinyl plank flooring, and one two-bedroom unit has been remodeled apart from its bathtub. The property also has many newer windows.
Key Highlights
- 18 apartments: twelve two‑bedroom units and six one‑bedroom units
- 0.858‑acre site; built in 1972
- Laundry and storage areas on each floor
Property Analytics
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Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
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Business Placement
Demographics for 56201, MN
24,575
Population
10,441
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
118.1 sq mi
ZIP Area
208
Density / Sq Mi
$68,054
Median Household Income
$35,589
Median Earnings
$832
Median Rent
$199,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Laundry and storage on every floor complement interior updates in several apartments and shared hallways.
Where is this apartment building located?
The property is located at 1116 2nd Street SE Willmar, MN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 18 apartments: twelve two‑bedroom units and six one‑bedroom units; 0.858‑acre site; built in 1972; Laundry and storage areas on each floor
