Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    611 Walnut St Monticello, MN 55362

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,288 SF office space for lease near I-94.

    Property size:
    1,288 SF
    Lot size:
    0.63 Acres

    Property Features for 611 Walnut St

    General Information

    Size
    1,288 SF
    Lot size
    0.63 Acres

    We can help!

    Listing Contact
    Jeff Penfield
    Jeff Penfield
    Source: Moodyscre

    Listing Agency: Arrow Real Estate Corp. Listing Agent: Jeff Penfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lower Level Office Space

    This 1,288 square foot office space is located on the lower level and is available for lease. The layout includes 5 to 6 offices, a reception/waiting area, a sink and cabinet, and a storage area. The property benefits from a convenient location near I-94 and other businesses and retail establishments. The suite has a secure, separate entrance and shares the building with other tenants, including Apollo Risk Insurance Agency and Bursch Travel. The property is suitable for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bursch Travel Travel Agency Rita Melnik Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.79928
    Latitude
    45.301515

    Nearby Similar for Lease

    • $25 SF/Yr

      Medical Office Space For Rent

      Turn-key medical office space in Monticello, MN, built in 2017.
      3880 Deegan Ave, Monticello, MN 55362
      View Details
    • Contact for pricing
      1,415 SF

      Downtown Monticello Retail Space

      Prime retail space in downtown Monticello with convenient highway access.
      609-621 Locust St, Monticello, MN 55362
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Near Highway 25

      Retail space with highway access and visibility.
      9221-9261 Cedar St, Monticello, MN 55362
      View Details
    • Contact for pricing
      1,500 SF

      Prime Monticello Retail Space

      1,500 SF Retail Space - For Lease
      112 Broadway St, Monticello, MN 55362
      View Details
    • Contact for pricing
      525 SF

      Monticello Office Space For Rent

      Office space available for lease in Monticello, Minnesota.
      321 Walnut St, Monticello, MN 55362
      View Details
    • Contact for pricing
      3,600 SF

      Highway Frontage Office Space

      Office space for lease with highway frontage and high visibility.
      4134 Deegan Ct, Monticello, MN 55362
      View Details
    • Contact for pricing
      1,500 SF

      Monticello Office Space For Rent

      Second-level office space with ample parking and central HVAC.
      113 Locust St, Monticello, MN 55362
      View Details
    • Contact for pricing
      7,200 SF

      Warehouse with Outdoor Storage

      7,200 SF warehouse with 1-acre outdoor storage for lease.
      1401 Fallon Ave NE, Monticello, MN 55362
      View Details
    • $5 SF/Yr
      8,398 SF

      Monticello Warehouse Space Available

      8,398 SF warehouse for lease with convenient I-94 access.
      406 E 7Th St, Monticello, MN 55362
      View Details
    • Contact for pricing
      19,000 SF

      Retail Space Near I-94

      Retail spaces available near I-94 and Fenning Ave, Monticello.
      I-94 & Fenning Ave, Monticello, MN
      View Details
    • Contact for pricing
      5,801 SF

      Monticello Build-to-Suit Opportunity

      5,801 SF build-to-suit with drive-thru potential in Monticello.
      9766 Fallon Ave, Monticello, MN 55362
      View Details
    • Contact for pricing
      4,000 SF

      Monticello Office Space For Lease

      Two-story office space available in Monticello, Minnesota.
      1324-1330 Edmonson Ave NE, Monticello, MN 55362
      View Details

    FAQs

    What type of property is this?
    Office units - 1,288 SF office space for lease near I-94.
    Where is this office units located?
    The property is located at 611 Walnut St Monticello, MN.
    What are key features of this property?
    This property features: - Convenient location near I-94 and other businesses/retail.; - 1,288 SF office space available for lease.; - Features 5 to 6 offices, reception/waiting area, sink & cabinet, and storage area.
    (763) 424-6355 Call to check price and availability
    Request Owner's contact information
    611 Walnut St Monticello, MN 55362
    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.
    611 Walnut St
    Monticello, MN 55362
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    611 Walnut St Monticello, MN 55362
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Penfield
    Jeff Penfield
    (763) 424-6355 (612) 325-2067
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!