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Commercial:  Business Opportunity
Built 1959
0.91 acres
Willmar schools
MLS# 5718751
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    Description:   Willmar ICON and an Institution For Sale: Music Store, Guitars, Pianos, Electronic, Percussions, Repairs of all Musical Instruments and String Instruments. Sales and Rentals of School Instruments, Lessons Provided. This is a Landmark to the Community of Willmar. Profit Centers with Lessons, Instrument Repair, School Instrument Rentals, Sales of Instruments of every kind, Restaurant Space currently.
    List Price: $875,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 1959
    City: Willmar
    County: Kandiyohi
    State: MN
    Zip Code: 56201


    Building Fin Sq Ft: 8,166 sqft
    Appliances Included: Cooktop, Dishwasher, Exhaust Fan, Freezer, Gas Water Heater, Range, Refrigerator
    Total Ranges: One
    Total Refrigerators: Three
    Basement Details: None


    Air Conditioning: Central Air
    Heating System: Forced Air, Fireplace(s), Outdoor Furnace
    Foundation Size: 8,166 sqft
    Shared Amenities: Concrete Floors & Walls, Patio, Security
    Unit Amenities: City View, Patio, Tiled Floors
    Road Frontage: City Street, State Road, Highway
    Handicap Accessible: Fully Wheelchair, Hallways 42"+, No Stairs External, No Stairs Internal
    Exterior Material: Block, Brick/Stone
    Garage Spaces: 1
    Other Parking Spaces: 60
    Roof Details: Age 8 Years or Less, Flat, Rubber


    Shared Rooms: Amusement/Party Room, Business Center, Community Room, Media Room


    Lake/Waterfront: Lake View
    Lake/Waterfront Name: Foot
    DNR Lake ID#: 34018100
    Lake Acres: 502
    Lake Depth: 24


    Acres: 0.91
    Lot Description: Irregular Lot
    Latitude: 45.12100000
    Longitude: -95.04330000
    Lot Size Dim.: 150x275
    Zoning: Business/Commercial


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


    Annual Electric Expense: $2,880
    Annual Fuel Expense: $6,000
    Annual Insurance Expense: $11,500
    Annual Maintenance Expense: $2,500
    Annual Gross Expense: $175,000
    Annual Trash Expense: $1,200
    Annual Water/Sewer Expense: $6,000

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $9,976
    Assessment Pending: No
    Taxes w/ Assessments: $9,976


    Annual Gross Income: $450,000


    Annual Net Income: $50,000


    Total Units: 1


    Current Use: Professional/Office, Commercial, Event Space, Food Service, Office, Professional Service, Restaurant, Retail
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Common, Heating Common, Hot Water Common
    Water System: City Water/Connected

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    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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