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Ranch-Style Office Building
For Sale
$199,900

117 Memorial Drive, Hoffman, MN 56339

Commercial classification with a residential conversion option offers flexibility between business and home use.

Property SizeContact for details
Days on Market12

Property Features for 117 Memorial Drive

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Road Access Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $4,686

Building Details

Year Built 1979
Year Renovated 2012
Buildings 1
Units 1
Listing Agency: Century 21 First Realty, Inc.
Listed By: Todd J Whiting
Source: Getyoumoved
Added: Oct 19 Changed: Oct 26 Last Checked: Oct 29 at 10:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 First Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

This 1979 ranch-style property has served as both a residence and a business. The main level spans nearly 1,500 square feet, with a living area, stone fireplace, and laundry hookups. A full, unfinished basement provides additional interior space. Exterior work completed in 2012 included the roof, steel siding, windows, and front porch; the building also has a forced-air furnace.

The property sits in a country-style setting with city services, a wooded rear yard adjoining open farmland, paved parking, and access from the main road. It is classified as commercial non-homestead and may be converted to residential status. The layout and classification support consideration for office or residential use.

Key Highlights

  • Nearly 1,500 square feet on the main level
  • Full unfinished basement
  • Roof, steel siding, windows, and front porch updated in 2012

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Plumbing Service Dental Office (Bike/Boat/Book/etc) Store Butcher Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

94
Businesses Nearby

Demographics for 56339, MN

1,136
Population
579
Households
2
Avg Household Size
39
Median Age
18%
College-Educated
93%
High-School Grad
60.9 sq mi
ZIP Area
19
Density / Sq Mi
$57,143
Median Household Income
$40,052
Median Earnings
$769
Median Rent
$195,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Commercial classification with a residential conversion option offers flexibility between business and home use.
Where is this office building located?
The property is located at 117 Memorial Drive Hoffman, MN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Nearly 1,500 square feet on the main level; Full unfinished basement; Roof, steel siding, windows, and front porch updated in 2012
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