Multi-Tenant Medical Office
For Sale
Contact for pricing
623 12th Street East, Glencoe, MN 55336
Multi-tenant commercial building with two long-term tenants and income secured through December 2036.
Property Size9,389 SF
Price / SF$127.81
Days on Market51
Property Features for 623 12th Street East
General Information
Standard status
Active
Size
9,389 SF
Class
A
Total Parking Spaces
30
Property subtype
Retail
Zoning
B-2 Central Business
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Net Lease
Net Operating Income
$98,967
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
RIC Properties
Listed By:
Bryce Thompson · License #40689317
(612) 355-0751
Source:
Crexi
Added: Jul 23
Changed: Sep 8
Last Checked: Sep 11 at 7:49AM
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 RIC Properties
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.
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
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Office in Midwest region
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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 Street East 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
