Asset Type: Real Estate
Estate: Leasehold
Year Renovated: 2024
Number of Floors: 2
Property Size: 3,000 SF
Property Type: Office
Year Built: 1980
Land Area: 0.27 Acres
Number of Units: 2
Investment Highlights
- 3,000 SF two-story split-level brick office building on prominent downtown corner
- ~0.27 acres across two parcels (building + dedicated paved parking)
- Lower level leased – in-place income on day one
- Upper level (~1,500 SF) available January 2026 – recently remodeled with reception, lobby, conference room, kitchenette, multiple private offices
- New commercial parking lot behind building + dedicated side parking lot
- Two furnaces / two A/C units (one A/C recently replaced; furnace replaced 2024)
- ~$55,000 of recent ownership capital improvements
- County seat of Watonwan County – steady courthouse and professional services traffic
- Contract for deed available to qualified buyers
- 45 minutes from Mankato, ~2 hours from Twin Cities
Downtown St. James Office Building – Value-Add Corner Asset
Two-story split-level brick commercial building for sale on a prominent downtown intersection in St. James, MN, offering excellent visibility and corner exposure on one of the city's main routes. Property comes with parking lot included with ownership. In addition to the main, front entrance, there is also a side entrance with direct access to the attached parking lot, making it well suited for professional office, financial, or service-oriented users.
The lower level is leased to an established local tenant, providing immediate in-place income. The upper level — recently remodeled with a reception area, lobby, conference room, kitchenette, and multiple private offices — is ready for an owner-user or new tenant. The building offers two furnaces and two A/C units (one recently replaced), a 2024 furnace replacement, joint water and electric service, and solid brick construction. Landscaping is maintained, and ownership has invested roughly $55,000 in recent improvements. A prior appraisal supported a higher value in a stronger market.
A clean, low-maintenance corner asset with in-place income, immediate upside from the newly remodeled upper suite, and contract-for-deed financing available to qualified buyers.
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