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For Sale:  Willmar MLS# 6765957

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Active NEW!
$3,500,000
/mo Edit
Commercial:  Retail/Shopping Center
Built 1980
6.34 acres
Willmar schools
MLS# 6765957
763-576-8286
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    Property Description

    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

    Listing Status: Active
    Contingency: None
    List Price: $3,500,000
    Property Type: Commercial
    City: Willmar
    Garage Spaces: 0
    County: Kandiyohi
    Year Built: 1980
    State: MN
    Property Style: Retail/Shopping Center
    Zip Code: 56201

    Exterior

    Stories: One
    Garage Spaces: 0
    Other Parking Spaces: 500
    Foundation Size: 63,467 ft2
    Handicap Accessible: Doors 36"+, Fully Wheelchair, Hallways 42"+, Accessible for Hearing-Impairment, Door Lever Handles, No Stairs Internal, Sight Impaired
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Paved
    Exterior Material: Stucco

    Lot & Land

    Acres: 6.34
    Geolocation: 45.1059, -95.04433
    Inclusions: Building, Land, Leases
    Lot Dimensions: 6
    Addl Parcels: 959226785
    Zoning: Business/Commercial

    Farm

    Topography: Level

    Schools

    School District: 347
    District Phone: 320-231-8500

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $70,538
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $70,538

    Units

    Total Units: 20

    Miscellaneous

    Current Use:
    • Beauty/Barber Shop
    • Church
    • Commercial
    • Event Space
    • Food Service
    • Office
    • Other
    • Professional Service
    • Professional/Office
    • Retail
    • Vacant
    • Wholesale
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    • Heating Common
    • Heating Separate
    • Hot Water Common
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.