Office Building with Front
New
For Sale
$119,000
215 Main Street W, Bertha, MN 56437
The single-level layout includes reception areas, a private office, storage, and a restroom.
Property Size1,056 SF
Lot Size0.11 Acres
Price / SF$112.69
Days on Market4
Property Features for 215 Main Street W
General Information
Standard status
Active
Size
1,056 SF
Lot size
0.11 Acres
Property subtype
Commercial
Zoning
Business/Commercial
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,024
Amenities
reception areas
private office
storage/supply room
restroom with washer and dryer hookups
front and rear entrances
forced-air heat and central air conditioning
ramp
grassy area
alley access
Building Details
Building Size
1,056 SF
Year Built
1983
Buildings
1
Stories
1
Units
1
Tenancy
Single
Abandoned
No
Listing Agency:
Albers Realty
Listed By:
Jodana Albers Heinzen
(218) 631-2585
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 23 at 3:24PM
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 Albers Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains approximately 1,056 square feet on a roughly 33' x 143' lot. The single-level interior has reception areas at the front and rear, a private office, a supply and storage room, and a restroom with washer and dryer hookups. A front ramp and rear entrance provide additional ways into the building; there are no interior stairs. Electric forced-air heat and central air conditioning serve the space. Plumbing associated with former salon wash stations remains visible, along with a sink in the storage area, but that plumbing is not in use and has not been tested.
Located on Main Street in Bertha, the property has sidewalk frontage and street parking outside the front entrance. A grassy area behind the building is accessible from the alley. The zoning designation is Business/Commercial. The property is currently used as an office for a transportation company and was previously operated as a hair salon.
Located on Main Street in Bertha, the property has sidewalk frontage and street parking outside the front entrance. A grassy area behind the building is accessible from the alley. The zoning designation is Business/Commercial. The property is currently used as an office for a transportation company and was previously operated as a hair salon.
Key Highlights
- Approximately 1,056 square feet on a 33' x 143' lot
- Business/Commercial zoning
- Front ramp, rear entrance, and no interior stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,977
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,540
$179.5K
Cap Rate 7%
$128,243
$128.2K
Cap Rate 9%
$99,744
$99.7K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$13.9K $13.20/SF
− Vacancy
−$1.1K −$1.06/SF
EGI
$12.8K $12.14/SF
− OpEx
−$3.8K −$3.64/SF
NOI
$9.0K $8.50/SF
Area
Otter Tail County, MN
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,540
Cap Rate 7%
$128,243
Cap Rate 9%
$99,744
Alternative Uses
Best Use
Office B
$161.6K
$141.4K – $188.5K
NOI $11,310 @ 7.0% cap · market cap 9.50%
Second Best
Retail
$128.2K
$112.2K – $149.6K
NOI $8,977 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$229.4K
$200.7K – $267.6K
NOI $16,058 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
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Business Placement
Demographics for 56437, MN
1,474
Population
561
Households
2.6
Avg Household Size
32
Median Age
16%
College-Educated
78%
High-School Grad
66.2 sq mi
ZIP Area
22
Density / Sq Mi
$59,313
Median Household Income
$37,091
Median Earnings
$808
Median Rent
$110,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The single-level layout includes reception areas, a private office, storage, and a restroom.
Where is this office unit located?
The property is located at 215 Main Street W Bertha, MN.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Approximately 1,056 square feet on a 33' x 143' lot; Business/Commercial zoning; Front ramp, rear entrance, and no interior stairs
