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2020 9th St E 6,000 SF 100% Leased Office Building Glencoe, MN 55336 $179,900 ($29.98/SF)
Investment Highlights
- Flexible property suitable for multiple uses including industrial, professional offices, and business opportunities.
- Equipped with three forced-air furnaces and three central air units for zoned climate control throughout the building.
- Wide hallways and no internal stairs enhance accessibility and ease of movement within the building.
- Features a front lobby with a large office, private 1½ bath, conference room, kitchen/breakroom, and 10 additional offices.
- Includes a heated two-stall tandem garage with four overhead doors, providing functional storage or operational space.
- Updated roof between 2011 and 2014 and vinyl window sliders for improved efficiency.
Executive Summary
Garage space is currently rented out at 500/month. Agents to verify all measurements. Property taxes are 6482 per year and electricity/water/sewer all on one bill = 2572.87 per year. Three FA furnaces zoned and 3 CA units.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$6,000
|
$1.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$6,000
|
$1.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,000 SF
Building Class
C
Year Built
1990
Price
$179,900
Price Per SF
$29.98
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.14
Lot Size
1.00 AC
Zoning
Commercial - Currently rented in garage space for mechanic, also in past used as storage units, daycare and office space.
Call City regarding multi-family use.
Parking
12 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Headstart
- Services
- -
- -
- -
-
- Finance and Insurance
- -
- $1.62
- -
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Headstart | Services | - | - | - | ||
|
|
Finance and Insurance | - | $1.62 | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 22.088.0270 | Improvements Assessment | $221,300 (2024) |
| Land Assessment | $41,300 (2024) | Total Assessment | $262,600 (2024) |
Property Taxes
Parcel Number
22.088.0270
Land Assessment
$41,300 (2024)
Improvements Assessment
$221,300 (2024)
Total Assessment
$262,600 (2024)
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2020 9th St E
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