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500 Armstrong Blvd N

19,027 SF 100% Leased Flex Building Saint James, MN 56081 $495,000 ($26/SF)

Investment Highlights

  • Possible owner financing to a qualified buyer
  • Built-in billboard signage
  • Great condition
  • Located on a busy downtown throughfare
  • Single or multi tenant use
  • Right next to the grocery store

Executive Summary

Retail, office, warehouse space available in downtown St. James. offering advertising and signage opportunities on three sides of the building. The showroom is 6,681 sq. ft. of open space with large display windows and three private offices. The 10,700 sq. ft. warehouse is insulated and has two drive-in doors. There is a mezzanine in the warehouse above a private heated garage. The separate garage attached to the rear of the property is leased for $500/month. This building is super clean and well maintained. Seller financing is available. The office/retail space and warehouse are easily separated for multi-tenant use. Usages may include but are not limited to: Distribution center, auto/truck, camper, ATV, boat, motorcycle, small engine, sales/service and storage, contractors garage, storage facility or athletic facility. Located in Watonwan County, Minnesota. Contract for Deed terms to a qualified buyer.

Property Facts

Price $495,000
Price Per SF $26
Sale Type Owner User
Sale Conditions Lease Option
Property Type Flex
Property Subtype
Showroom
  • Industrial Distribution
  • Industrial Warehouse
Building Class C
Lot Size 0.60 AC
Rentable Building Area 19,027 SF
No. Stories 2
Year Built/Renovated 1954/2012
Parking Ratio 0.53/1,000 SF
No. Drive In / Grade-Level Doors 2

Amenities

  • Mezzanine
  • Signage
  • Wheelchair Accessible
  • Storage Space

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20.276.0110
Land Assessment
$19,600
Improvements Assessment
$121,900
Total Assessment
$141,500

zoning

Zoning Code Business/Commercial (Class - 233-(NON-HSTD) 3A Commercial Land and Building)
Business/Commercial (Class - 233-(NON-HSTD) 3A Commercial Land and Building)
  • Listing ID: 30737136

  • Date on Market: 1/23/2024

  • Last Updated:

  • Address: 500 Armstrong Blvd N, Saint James, MN 56081

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