314 5Th StWillmar, MN 56201

For Sale
$379,000

Prime Willmar location, income-producing property.

Overview

Added:
Feb 3
Days on market:
39
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.

Property Details for 314 5Th St

Property type
Mixed-use properties, Other mixed-use properties
Square Feet
18,000 SF
Year Built
1984
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Willmar
County
Kandiyohi
State
Minnesota
Latitude
45.12066
Longitude
-95.0498
314 5Th St, Willmar, Minnesota

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314 5Th St
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