1005 High Avenue NE Willmar, MN 56201 MLS# 7058777
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Property Description Government-Leased Office Building â USDA Tenant (Lease Through April 30, 2030)
This high-quality, single-story office building was purpose-built (1997) to meet the specific needs of a government tenant and is currently leased to the USDA through April 30, 2030, offering stable, long-term income.
The property features a highly functional and efficient layout, including:
⢠18 private offices
⢠Large open staff work area
⢠Conference room
⢠Dedicated data processing/IT room
⢠Reception area with vestibule entry
⢠Employee breakroom
⢠Restrooms
⢠Storage and mudroom space
The building is complemented by a large, oversized parking lot, providing ample parking (60+) for both staff and visitors.
Investment Highlights & Income Potential
The property is priced based on current income and expenses for the year ending 2025, providing a solid and transparent financial baseline for investors.
Additionally, there is 431 sq. ft. of finished office space recently vacated by another government agency, which constructed a new facility to accommodate its expanded space requirements.
This space presents a strong value-add opportunity, as it could be leased by the current USDA tenant (subject to government approval) for an additional $12,175 in annual rent. If leased, the total annual rental income would increase to $199,812.25, based on 7,073 rentable square feet.
Importantly, this space is fully finished and requires no further improvements, allowing for immediate occupancy and increased income potential.
Explore the original design of fractional or group ownership with this already-surveyed property, thoughtfully divided into 8 separate parcels. Whether youâre considering a shared investment with partners or individual ownership across multiple investors, this setup offers flexibility and strong potential.
Details
Maps
Contract Information
Status: Active
Current Price: 1440000
Contingency: None
ListPrice: 1440000
List Date: 2026-04-20
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Management Company Name: Randy Ryan RE/MAx
Multiple PIDs?: Yes
Other Parking Spaces: 65
Waterfront Present: No
Year Built: 1997
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 8200
Management Company Phone: 320-894-2831
For Sale or Lease: For Sale
Lot Dimensions: 201x295
Assessment Pending: No
Location Tax and Other Information
House Number: 1005
Street Name: High
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Willmar
County: Kandiyohi
State: MN
Zip Code: 56201
Additional Parcels Information
Property ID #2: 958380020
Property ID #3: 958380030,958380040,958380050,958380060,958380070,958380080
Assessments
Tax With Assessments: 18298
Basement
Foundation Dimensions: 85x112
Building Information
Building Finished SqFt: 8200
Building SqFt: 8200
Ceiling Height: 11-15
Income and Expenses
Annual Caretaker Expense: 7150
Annual Electric Expense: 6746.51
Annual Fuel Expense: 10496.41
Annual Gross Expenses: 67963.97
Annual Gross Income: 187636.5
Annual Insurance Expense: 2279
Annual Repair Expense: 18862.68
Annual Trash Expense: 1619.89
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 35
Section#: 11
Township#: 119
Sale Options
Sale Includes: Building, Land, Leases
Unit Details
Total Units: 8
Property Features
Accessible: No Stairs External
Air Conditioning: Central Air
Appliances: Microwave; Refrigerator
CMU Style: Office
Construction Status: Previously Owned
Current Use: Business Service
Exterior: Brick/Stone; Cement Board
Fencing: Privacy; Vinyl
Flooring: Carpet; Vinyl/Linoleum
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable; Fiber Optic
Loan Terms: Cash; Conventional; Other
Miscellaneous Information: Building Sign
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: All Utilities; Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Repairs; Taxes; Trash Collection