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

    2404-2424 1st St S Willmar, MN 56201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,000 SF office/showroom space with high visibility and accessibility.

    Type:Retail
    Property size:
    16,000 SF
    Added:
    Mar 7, 2026
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 7:11 pm

    Property Features for 2404-2424 1st St S

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2404-2424 1st St S Contact us

    We can help!

    Listing Contact
    Brett Draxler
    Brett Draxler

    Listing agent Brett Draxler

    Listing office Transwestern

    Listing date Mar 7, 2026

    Source Transwestern

    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 Transwestern

    Overview

    Prime Showroom/Retail Space Available

    Located on 1st Street South in Willmar, this lease offering features approximately 7,000 square feet of office and showroom space. The property benefits from high visibility and accessibility along the main retail thoroughfare. Its location at the crossroads of Highways 23, 71, and 12 provides convenient access to Marshall, St. Cloud, and the Twin Cities. This accessibility and central location within Kandiyohi County contribute to its role as a regional hub for economic and community activities, making it suitable for establishing a new business location or expanding an existing presence within the community.
    Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Interior Design Studio — flooring, willmar, mn 56201
    • Carpets N More — 3310 1st St S, Willmar, MN 56201

    Location Insight

    • Map
    • Local Demand
    City
    Willmar
    County
    Kandiyohi
    State
    Minnesota
    Longitude
    -95.04311
    Latitude
    45.0989764

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in High-Traffic Area

      Turn-key retail spaces available in a high-traffic shopping area.
      305 19th Ave SE, Willmar, MN
      View Details
    • Contact for pricing

      Willmar Industrial/Trucking Terminal Opportunity

      Industrial/Trucking Terminal with 10 Cross Docks and large warehouse.
      4493 U.S. 12, Willmar, MN 56201
      View Details
    • $16/mo

      Medical Office Ready for Buildout

      4,000 SF single-tenant building suitable for medical office.
      1320 1st St S, Willmar, MN
      View Details
    • Contact for pricing

      Retail Space in Willmar, MN

      Retail space available for lease in Willmar, Minnesota.
      2404 1st St S, Willmar, MN
      View Details
    • $16/mo

      Willmar Office Space For Rent

      Office space available for lease in Willmar, Minnesota.
      1809 22nd St SW, Willmar, MN
      View Details
    • Contact for pricing

      High Visibility Office/Retail Space

      Office, showroom, or medical space with high traffic visibility.
      2424 1st St S, Willmar, MN
      View Details
    • $16/mo

      Willmar Office Space Available

      Office space available for lease in Willmar, Minnesota.
      2015 1st St S, Willmar, MN
      View Details
    • $5/mo

      Industrial Space For Lease

      Industrial property available for lease, offering 2,850 square feet.
      3950 Hwy 71 NE, Willmar, MN
      View Details
    • Contact for pricing

      Retail Space in Willmar, MN

      2100 SF retail space available for rent.
      1312 Lakeland Dr SE, Willmar, MN
      View Details

    FAQs

    What type of property is this?
    Showroom - 7,000 SF office/showroom space with high visibility and accessibility.
    Where is this showroom located?
    The property is located at 2404-2424 1st St S Willmar, MN.
    What are key features of this property?
    This property features: High visibility and accessibility on 1st Street South.; Approximately 7,000 SF of office/showroom space available.; Strategic location at the crossroads of Highways 23, 71, and 12.
    (612) 359-1692
    We can help!
    Listing Contact
    Brett Draxler
    Brett Draxler
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!