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Uptown Willmar - Main Mall 1605 1st St S

334,073 SF Retail Building Willmar, MN 56201 $6,464,000 ($19/SF) 10% Cap Rate

Retail Space Minnesota Willmar 1605 1st St S, Willmar, MN 56201

Investment Highlights

  • Value-add mall offering significant upside leasing some or all of the 43% vacancy
  • Major national tenants at the center include Kohl’s, ALDI (not a part), Harbor Freight Tools, and Dunham’s
  • Possible $2M grant available for capital improvements (speak with Agent)
  • The only major shopping center within a 50-mile radius, located in primary retail node sandwiched between Walmart Supercenter & Target
  • The mall features significant frontage on 1st Street S – the main retail thoroughfare in the trade area (18,304 VPD)
  • Replaceable rents – $10.80/SF, extremely low price per square foot – $19.35, & large lot size (32.23 acres) with room for potential future development

Executive Summary

A 360,500+ SF regional mall that serves as the premier retail shopping destination in Willmar and surrounding cities. Sitting on 32.23 acres of land, Uptown Willmar is the only major shopping center in a 50-mile radius of Willmar making it a destination shopping location for locals and residents from surrounding cities. Per Placer.ai, 90% of visitors have frequented Uptown Willmar at least 5 times in the last 12 months.

Attachments

UptownWillmar_MainMall_WillmarMN

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
334,073 SF
Building Class
C
Year Built
1981
Price
$6,464,000
Price Per SF
$19
Cap Rate
10%
NOI
$646,401
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
32.23 AC
1 of 1
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Cash Wise Pharmacy
Little Dukes
Cash Wise
Anytime Fitness
CrossFit
Bremer Bank
Snap Fitness 24/7
Caribou Coffee
Grizzly's Grill N' Saloon
Cub Foods
(650) 678-7200

Contacts

  • Listing ID: 32410645

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 1605 1st St S, Willmar, MN 56201

The Retail Property at 1605 1st St S, Willmar, MN 56201 is currently available for sale. Contact CP Partners CRE for more information.

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Uptown Willmar - Main Mall | 1605 1st St S
(650) 678-7200 x

Uptown Willmar - Main Mall | 1605 1st St S

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John Andreini

(650) 678-7200

(650) 678-7200

Kirby Dederian

(415) 274-2700

(415) 274-2700

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