1604 1st Street S Willmar, MN 56201
For Sale MLS# 6765957
63,467 sq ft Commercial
Listed by: Edina Realty
Details for 1604 1st Street S
MLS# 6765957
Description for 1604 1st Street S, Willmar, MN, 56201
Skylark Center encompasses a 63,467 square foot facility situated on 6.64-acres within Willmar's key commercial shopping destination. About 95 miles west of the metropolitan area and serves as a primary retail hub for west-central MN. Positioned on the town's principal commercial artery (1st Street/Highway 71), this center offers plenty of on-site parking suitable for diverse occupants, with a current lineup featuring healthcare providers, professional services, and various retailers. This asset is ideal for investors seeking upside potential, developers looking for growth opportunities, or those interested in owner occupancy. The location and structure support additional expansion options, including residential units, standalone retail pads, or storage facilities. KEY INVESTMENT FEATURES: CENTRAL WILLMAR LOCATION 6.64-ACRE SITE 63,467 LEASABLE SQUARE FEET 500 PARKING SPOTS POTENTIAL FOR VALUE ENHANCEMENT • Attractive Pricing: $3,500,000 / $55.15 per SF / 10.82% Initial Year Cap Rate • Upside through enhancements • Chance to revamp or redevelop • Reliable existing lease income • Directly opposite Uptown Willmar Mall • Designated for Shopping Center use • Potential eligibility for Tax Increment Financing. Skylark Center sits along Willmar's primary commercial strip, facing the Uptown Willmar Mall (previously called Kandi Mall). Investors can leverage its prime positioning to boost returns via several approaches, such as: 1. Introducing a drive-through café or similar quick-service outlet on the eastern portion of the property 2. Filling empty spaces with new occupants - Options for retail could involve a craft brewery, outdoor equipment shop, thrift or bargain apparel outlets, budget variety stores - Storage units - Professional or healthcare offices 3. Long-term land strategy - Generate income from land operations, then pursue full-site redevelopment later 4. Occupy and Offload to an end-user buyer at an elevated value by guaranteeing a lease. Do not miss the virtual 3D tour and call for a private viewing today.
Listing Information
Property Type: Commercial, Retail/Shopping Center
Status: Active
Lot Size: 6.34 Acres
Square Feet: 63,467 sq ft
Year Built: 1980
Foundation: 63,467 sq ft
Stories: 1 Story
Number Of Units Total: 20
Current Use: Beauty/Barber Shop,Business Service,Church,Commercial,Event Space,Food Service,Office,Other,Professional Service,Retail,Vacant,Wholesale
County: Kandiyohi
Days On Market: 202
Construction Status: Previously Owned
School Information
District: 347 - Willmar
Interior Features
Accessibility: Door Lever Handles, No Stairs Internal, Doors 36+, Hallways 42+, Accessible for Hearing-Impairment, Fully Wheelchair, Sight Impaired
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Electric Separate,Heating Common,Heating Separate,Hot Water Common,Hot Water Separate
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Open Parking: 500
Parking Description: Driveway - Asphalt, Paved Lot
Exterior: Stucco
Lot Dimensions: 6
Zoning: Business/Commercial
Topography: Level
Additional Exterior/Lot Features: Land Inclusions - Building,Land,Leases
Driving Directions
1st street willmar accross from the Kandi Mall.
Financial Considerations
Tax/Property ID: 959226820
Tax Amount: 70538
Tax Year: 2024
HomeStead Description: Non-Homesteaded
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1604 1st Street S
Sales History
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Tax Summary
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Schools
Schools nearby 1604 1st Street S
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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