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33318399
33318400

916 Litchfield Ave SW, Willmar, MN 56201

MA
MN 40799332
Edina Realty
Listed by Edina Realty
$420,000
160 days on market
Updated 7 days ago

Versatile Building and Investment Opportunity

Details
APN 950033890, 950033930
Property Type Hospitality, Mixed Use (+2)
Sub Type Grocery Store, Shopping Center (+1)
Square Footage 5,800
Net Rentable (SqFt) 5,800
Units 2
Cap Rate 4.82%
NOI $20,256
Occupancy 50%
Lease Type NNN
Lease Term 5
Lease Expiration 10/31/2026
Remaining Term 0.3
Rent Bumps Yes
Price per SqFt $72
Broker Co-Op Yes
Class C
Year Built 1960
Year Renovated 2024, 2025
Buildings 1
Stories 1
Lot Size (SqFt) 34,848
Zoning Commercial
Investment Type Owner/User
Lease Commencement 11/01/2021
Occupancy Date 11/01/2021
Ground Lease No
Ceiling Height 12

Hospitality | 4.82% CAP

Marketing description

Unlock the potential of this 5,800 sq ft commercial property at 916 Litchfield Ave SW, Willmar, MN, priced at $425,000 on a 34,848 sq ft lot with over 9,000 daily cars driving high ROI and maximum visibility for investors and startups. Please note that the Rendezvous Axe Throwing business, currently operating on the property, is not for sale and is relocating to a new location, allowing for full customization of the space. This turnkey gem offers 4,000 sq ft of versatile retail space, 1,800 sq ft tenant-occupied laundromat setup, a commercial kitchen with hood and walk-in freezer, plus ample parking, making it ideal for launching a thriving restaurant, coffee shop, retail store, or innovative business venture in a high-traffic zone that ensures steady customer flow and lucrative returns. With its open, strategic layout designed for efficiency and adaptability, envision transforming this space into your entrepreneurial success story, capitalizing on Willmar's growing market for strong equity growth and profitability. Seize this prime investment opportunity today—contact us for a viewing!

Investment highlights

Unlock the potential of this 5,800 sq ft commercial property at 916 Litchfield Ave SW, Willmar, MN, priced at $425,000 on a 34,848 sq ft lot with over 9,000 daily cars driving high ROI and maximum visibility for investors and startups. Please note that the Rendezvous Axe Throwing business, currently operating on the property, is not for sale and is relocating to a new location, allowing for full customization of the space. This turnkey gem offers 4,000 sq ft of versatile retail space, 1,800 sq ft tenant-occupied laundromat setup, a commercial kitchen with hood and walk-in freezer, plus ample parking, making it ideal for launching a thriving restaurant, coffee shop, retail store, or innovative business venture in a high-traffic zone that ensures steady customer flow and lucrative returns. With its open, strategic layout designed for efficiency and adaptability, envision transforming this space into your entrepreneurial success story, capitalizing on Willmar's growing market for strong equity growth and profitability. Seize this prime investment opportunity today—contact us for a viewing!

Listing Contacts

MA
MN 40799332
Edina Realty
Listed by Edina Realty

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$20,256.00
$1,688.00/mo

Valuation Metrics

0
DSCR
4.82%
Cap Rate
4.82%
ROI

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Additional Information

Name
Emily Grussing
License
506560820
Brokerage
Edina Realty
Brokerage Phone
320-235-7887
Title
Broker of Record
Brokerage Address
2320 1st St S, Willmar, Mn 56201
Name
Mitch Ashburn
License
40799332
Brokerage
Edina Realty
Brokerage Phone
320-235-7887
Title
Broker
Brokerage Address
2320 1st Street South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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