212 5Th Ave Virginia, MN 55792

Property Details for 212 5Th Ave

Year built

1907

Lot size

0.08 lot acres

Property size

6,282 SF

Property type

Commercial real estate

Description

This exceptional multi-use building, located at 212 5th Ave S. in Virginia, MN, presents a unique investment opportunity. Boasting 6,282 square feet on a 0.08-acre lot, this property enjoys a highly desirable downtown location, directly across the street from the Virginia Library and the new NorthStar Elementary School, ensuring high visibility and convenient access. The building features numerous oversized one and two-room office spaces on both the main and upper levels. Main level offices average 9' x 15', though many are significantly larger, offering flexibility for a variety of tenants. The upper level is highlighted by a stunning auditorium complete with a stage, high ceilings, and newly refinished wood flooring. Two spacious conference areas and a bathroom are also located on this level. A full, dry basement provides ample storage space, and the building benefits from a new rubber roof installed in 2018, ensuring long-term structural integrity. This property is currently fully occupied with eight or more tenants, demonstrating strong rental demand and immediate income potential. Its prime location, versatile spaces, and recent improvements make this an attractive investment for both seasoned and new investors seeking a strong return on investment in a thriving community. The asking price is $175,000.

Location Insight

City

Virginia

County

St. Louis

State

Minnesota

Longitude

-92.53817

Latitude

47.5216

Property Visit Statistics

• Visits by month
  5.8k
• Visitors by month
  2.2k
• Avg Time on site
  472 min