314 5Th St Willmar, MN 56201
- Commercial land
Current Use by Public Records
- Commercial land
Property Details for 314 5Th St
- Property type
- Commercial land
- APN
- 95-003-4840
- APU
- 950034840
Description
This exceptional mixed-use property at 314 5th Street SW in Willmar, Minnesota, presents a unique investment opportunity. The 18,000 square foot building, constructed in 1984 using all-concrete, tip-up construction, sits on a 0.17-acre lot. The structure boasts a new roof (installed in 2005) and a new gas boiler (2020). The city hot water system has been removed. A screened-in porch adds to the building's appeal. A three-car garage with floor drains provides ample parking and storage. The property comprises two parcels. The main building features two apartments. The larger apartment offers 2,500 square feet of living space, including five oversized bedrooms with walk-in closets, an expansive kitchen with formal and informal dining areas, and an open concept design. Two bathrooms, one en-suite with a walk-in shower and oversized 6x6 closets, complete this spacious unit. The second apartment is a one-bedroom unit with a bathroom, kitchen, and living room. This versatile commercial space offers significant potential for business expansion or a new venture. The combination of commercial space and income-generating apartments provides a strong return on investment. The substantial storage space further enhances the property's value. Priced at $379,000, this property is ready for its next chapter.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Willmar
- County
- Kandiyohi
- State
- Minnesota
- Longitude
- -95.0498
- Latitude
- 45.1208
- CBSA code
- 48820
- CBSA name
- WILLMAR, MN MICROPOLITAN STATISTICAL AREA
