Building Details

Tenancy Multi

Listing Agency: Kerkhoff Auction & Real Estate v***@newulmtel.net Show Phone

Listed By: Valerie Jean Stephens Show Phone

Source: Exprealty

Added: Jul 27 Changed: Aug 22 Last Checked: Aug 22 at 5:17AM

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Investment Insights

Based on property information with market context.

This professional office building contains four fully leased spaces occupied by established businesses. The property includes a dedicated parking lot and sits on a visible corner parcel in Springfield, Minnesota.

Capital improvements include a roof replacement completed in 2009, new furnaces installed in 2024, and an addition finished in 2015. Additional improvements have been made throughout the building, supporting its ongoing office use and multi-suite configuration.

Key Highlights

• Four fully leased office spaces
• Established businesses occupy the building
• Dedicated parking lot on the property

Property Analytics

Property Profile

Current Use

Avera Medical Group ... Physician Avera Medical Group: ... Physician Buntrock Chris MD Physician Roger Pabst Physician Orthopaedic And Fracture Clinic Medical Clinic

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office (Bike/Boat/Book/etc) Store Pharmacy Law Firm

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

4

Office units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

219

Businesses Nearby

Explore this area Business Placement

Demographics for 56087, MN

3,026

Population

1,442

Households

2.1

Avg Household Size

46

Median Age

24%

College-Educated

92%

High-School Grad

146.1 sq mi

ZIP Area

21

Density / Sq Mi

$64,566

Median Household Income

$45,417

Median Earnings

$777

Median Rent

$139,900

Median Home Value

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

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Frequently Asked Questions

What type of property is this?

Office building - Professional commercial property with multiple occupied suites and established business tenants.

Where is this office building located?

The property is located at 602 N Jackson Ave Springfield, MN.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Four fully leased office spaces; Established businesses occupy the building; Dedicated parking lot on the property