1300 5Th St SE Willmar, MN 56201
Property profile & analytics
1300 5Th St SE Willmar, MN 56201
- Commercial real estate
Property ID
US46-2265246
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Godfather’s Pizza / Restaurant
- Tops Cleaners @ Cash Wise / (Bike/Boat/Book/etc) Store
- Picadeli / Take-out & Catering
- Little Dukes / Car Wash
- S.A.M. Check Cashing Machine / Check Cashing
Property Details for 1300 5Th St SE
- Property type
- Commercial real estate
- APN
- 95-231-0100
- APU
- 952310100
Description
Exceptional investment opportunity featuring a 88,355 square foot Cash Wise Foods grocery store in Willmar, Minnesota. This single-tenant, net-leased property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $558,411. The property sits on a 9.5-acre lot at 1300 5th St SE, 56201, and includes a 14' clear height and 5 dock doors. Originally constructed in 1984 (55,000 sq ft) with a precast addition in 1994 (33,355 sq ft), the building underwent a major $5.5 million+ renovation in 2021. This comprehensive remodel encompassed a new HVAC system (including all new RTUs), a completely resurfaced parking lot, and a full interior remodel of the tenant's fixtures, furniture, and equipment (FF&E). The tenant, Coborn's, Inc., enjoys a long-term lease with options for renewal, demonstrating a significant and stable market presence for nearly four decades. The asking price is $8,935,000, translating to $101.13 per square foot. Detailed improvement lists are available upon request. This property presents a rare opportunity to acquire a high-performing, well-maintained grocery store investment with a proven track record and significant upside potential. Lease commenced December 31, 1983, with 2-5 year lease options available. 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Willmar
- County
- Kandiyohi
- State
- Minnesota
- Longitude
- -95.0396
- Latitude
- 45.1096
- CBSA code
- 48820
- CBSA name
- WILLMAR, MN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$114,274
$1,178,600
$2,374,000
$3,552,600
-
$1,178,600
$2,374,000
$3,552,600
