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    OFF-MARKET
    Office buildings

    212 5Th Ave S, Virginia, MN 55792

    6,282 SF Built 1907
    Property ID
    US46-1754827
    Property summary
    AI-generated overview

    Here is a multi-use building in a convenient location in downtown Virginia, across the street from the Virginia Library and new NorthStar Elementary School. This property is filled (8+) with oversized 1 and 2 room office spaces on the upper and main levels, average size of offices on the main level ... are 9’x15’ but MANY more are larger! On the upper level you will find a beautiful auditorium with a stage and high ceiling, 2 large conference areas, and a bathroom. This auditorium also has newly refinished wood flooring! There is a full, dry basement for storage, and a new rubber roof has been placed in 2018. PLEASE NOTE: The newly updated price reduction does not include the steam conversion that must be done by November 1st, 2026! The City of Virginia is still offering easy and INTEREST FREE loans for the steams conversions. Please, ask for more information.

    Property profile
    Verified
    Property type Office buildings
    Year built 1907
    Total area 6,282 SF
    UPID US46-1754827
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hope Community Presbyterian Church Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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