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6040 sf off/multi-use with garage Glencoe MN 2020 9th St E 6,000 SF Vacant 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
Solid 1981 built efficient one level commercial building located on .42 acre with 2 street approaches located on each side of the building. UPS warehouse adjacent to property for easy shipping. This property is conveniently located just a few blocks off Hwy 212 with easy access to the Twin Cities. Minneapolis airport within 1 hour and Glencoe is centrally located between Minneapolis, Mankato and St. Cloud, MN. Eight large private office spaces/conference rooms, front retail show room with plenty of natural lighting, two front offices - one with private 1/2 bath. Two additional 1/2 baths, kitchen hookups for breakroom, 1/2 of this building is currently open space. South end is double heated tandem garage space overhead doors on both ends. Three FA furnaces and central air units. This property started as temp controlled storage units, offices with large conference rooms, and day care but has tons of potential as doctor clinic, weight loss center, exercise or art studio, therapy rooms, professional offices, real estate offices, the potential is limitless. Multi use commercial building in a great location close to easy access Hwy 212 into the metro.
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
Vacant
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
- -
Primerica traces its roots to A. L. Williams, an insurance agency founded in 1977 around the idea of term life coverage and the "buy term and invest the difference" philosophy. The company became an independent public company in 2010 and now serves middle-income families across the United States and Canada with financial education and related products. Primerica's business includes term life insurance, mutual funds, managed accounts, annuities, loans, and other financial services designed to help families protect themselves and plan for the future.
| 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 |
| Land Assessment | $41,300 | Total Assessment | $262,600 |
Property Taxes
Parcel Number
22.088.0270
Land Assessment
$41,300
Improvements Assessment
$221,300
Total Assessment
$262,600
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6040 sf off/multi-use with garage Glencoe MN | 2020 9th St E
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