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    Property profile & analytics
    OFF-MARKET Estimated value $1,055,000
    Commercial real estate

    868 3rd S St, Waite Park, MN 56387-2319

    7,888 SF 0.9 ac lot Built 2002
    Entity Owned Free & Clear
    Property ID
    US46-1388942
    Property summary
    AI-generated overview

    This exceptional 4,424 square foot executive office space is available for lease within the Legacy Park building in Waite Park, Minnesota. Located at 868 3rd St S, this Class B property offers a highly visible location with monument signage on 3rd Street. The suite boasts abundant natural light from windows on three sides, and includes four private offices, a conference room, break room, storage/IT closet, and a flexible open area suitable for workstations or additional private offices. An 858 square foot mezzanine provides extra space. The building totals 7,888 square feet and features ample free parking. Enjoy a tranquil setting overlooking a pond and a half-mile walking path. This is a multi-tenant building with a long-term tenant already in place, providing a stable income stream. The property is situated in Stearns County, Minnesota, with easy access to amenities and transportation. This presents a unique owner-occupant opportunity within a well-maintained professional office building in a desirable location. The zip code is 56387. This prime commercial real estate opportunity offers a blend of professional functionality and a serene environment.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2002
    Construction WOOD
    Total area 7,888 SF
    Lot 0.9 ac (38,999 SF)
    APN 98.60822.0020
    UPID US46-1388942
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.02M
    CAP Approach CAP
    $1.23M
    Comparable Approach Comparable
    $1.11M
    Blend (final) Blend
    $1.06M
    Owner & transaction history
    Bk Capital Properties LLC
    Bk Capital Properties LLC
    since 2025
    2 recorded transactions
    2025
    2022
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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