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1116 2nd Street SE Willmar, MN $ 1,800,000
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1116 2nd Street SE
$ 1,800,000
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1116 2nd Street SE

Willmar, MN, 56201
$ 1,800,000
Bedrooms3 Baths2.0

Monthly Estimate*

$ 12,432

1116 2nd Street SE, Willmar, MN 56201 - Image 1
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Commercial Property for sale in Willmar, MN

for $1,800,000 with 3 bedrooms and 2 full baths. This building was built in 1972 on a lot size of 0.858.

Excellent location. Close to shopping, schools and parks. Twelve two bedroom units and six one bedroom units. Hallways feature newer flooring and paint. Floor trim to be completed. Eight units have newer or new luxury vinyl plank flooring. One two bedroom unit is a complete remodel other than the bath tub. Laundry and storage units on each floor. Many newer windows. Good rental history. Expenses include flooring replacement plus painting.

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Commercial Active

Price

$ 1,800,000

Bedrooms

3

Full Bath

2

Property Type

Commercial

Taxes

$ 18,792

Style

Lot Size

0.858

Year Built

1972

Town/City

Willmar

County/Region

Kandiyohi

MLS | Web ID

7166958
Features
General
Sewer City Sewer/Connected
Heating Baseboard
Cooling Wall Unit(s)
Utilities Electric Common Electric Separate
Roof Age Over 8 Years Rubber
Appliances Range Refrigerator
Garage Spaces 0
Year Built 1972
Tenant Pays Electricity Heat
Levels Three Or More
Tax Year 2026
Current Use Residential
Gross Income 183980.93
Accessibility None
County Kandiyohi
Net Operating Income 59207
Operating Expense 124773.69
Insurance Expense 23760
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 22579
Directions Willmar Ave to 2nd St SE North to building on the left
City Willmar
High School District Willmar
Zoning Description Residential-Multi-Family
Number Of Units Total 18
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 18792
Electric Expense 7746
Fuel Expense 7746
Trash Expense 1566
Water Sewer Expense 12230
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s) Natural Woodwork
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Interior
Basement Daylight/Lookout Windows Finished Full
Basement (Y/N) Y
Total Bedrooms 3
Total Baths 2
Fuel Other
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Exterior
Parking Features Asphalt Parking Lot
Lot Features Public Transit (w/in 6 blks)
Water Source City Water/Connected
Inclusions Building Leases Rental License
Lot Size Area 0.858
Lot Dimensions 210x143
Waterfront Y/N N
Foundation Area 5872
Road Frontage Type Curbs Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1116
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* Excluded Features
List By
Real Estate Masters, Ltd.

Broker

sjilljacobson@msn.com

Email

Affordability Calculator

$13,998
Per Month
89%
11%
0%
Monthly Principal & Interest
$12,432
Monthly Property Taxes
$1,566
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708722 Elementary School
708438 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/30/2026$1,800,000 Listed Price

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1116 2nd Street SE, Willmar, MN, 56201 is a Commercial Property for sale at $1,800,000 with a lot size of 0.858. 1116 2nd Street SE has 3 bedrooms, 2.0 baths, and was built in 1972. The property's zip code is 56201 which is in Willmar, MN

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