Building Details

Tenancy Multi

Listing Agency: RIC Property Management Inc b***@midamericagrp.com Show Phone

Listed By: Nik Anderson Show Phone

Source: Moodyscre

Added: Jul 23 Changed: Jul 28 Last Checked: Jul 30 at 2:07PM

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Investment Insights

Based on property information with market context.

This multi-tenant commercial building is offered for sale as a 100% occupied investment property featuring a combined medical and retail/office use mix. The building includes 9,389 square feet and is currently leased to two established, long-term tenants: Southwest Eye Care and Revolution Dance Center. Lease income is secured through December 2036, with contractual rent increases in place.

The property is situated on a prominent corner in downtown Glencoe with ample surface parking and convenient access to Highway 212, supporting everyday customer and employee visits.

Buyer to verify all measurements, financial information, and property details. Complete financials, leases, and due diligence materials are available upon execution of a confidentiality agreement.

Key Highlights

• 9,389 SF multi‑tenant commercial building with 100% occupancy
• Two established long‑term tenants: Southwest Eye Care and Revolution Dance Center
• Lease income secured through December 2036

Property Analytics

Current Use

Revolution Dance Center Training Center

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Pharmacy Spa & Massage Center

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

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

476

Businesses Nearby

Explore this area Business Placement

Demographics for 55336, MN

8,145

Population

3,423

Households

2.4

Avg Household Size

41

Median Age

12%

College-Educated

90%

High-School Grad

135.8 sq mi

ZIP Area

60

Density / Sq Mi

$73,314

Median Household Income

$43,250

Median Earnings

$921

Median Rent

$235,600

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 - Multi-tenant commercial building with two long-term tenants and income secured through December 2036.

Where is this office building located?

The property is located at 623 12th St E Glencoe, MN.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 9,389 SF multi‑tenant commercial building with 100% occupancy; Two established long‑term tenants: Southwest Eye Care and Revolution Dance Center; Lease income secured through December 2036