868 3Rd StWaite Park, MN 56387

For Sale
$1,200,000

Executive Office Building, Waite Park, MN

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 7,888 square foot Class B office building in Waite Park, Minnesota, presents a compelling investment opportunity. Located at 868 3rd St S, this multi-tenant property boasts 4,424 square feet of currently vacant space, ideal for an owner-occupant. The existing tenant(s) have a multi-year lease in place, providing a stable cash flow. The building features a highly visible location with monument signage on 3rd Street, offering excellent branding potential. Enjoy the serene setting with views of a picturesque pond and access to a half-mile walking path. Ample free parking is available for tenants and clients. The asking price is $1,200,000, translating to $152.13 per square foot. This is a Core+ investment with a Net NNN lease structure. The property is situated in Stearns County, Minnesota, zip code 56387. This is a rare opportunity to acquire a well-located, income-producing office building with significant upside potential.

Highlights

  • Excellent signage opportunities.
  • Scenic pond feature.
  • Half-mile walking trail.
  • Abundant free parking.
  • High visibility location.
  • Owner-occupant option available.

Property Details for 868 3Rd St

Property type
Other office properties, Office properties
Square Feet
7,888 SF
Class
B

Location Insight

City
Waite Park
County
Stearns
State
Minnesota
Latitude
45.5475946
Longitude
-94.227591
868 3Rd St, Waite Park, Minnesota

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868 3Rd St
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