500 Armstrong Blvd Saint James, MN 56081

This exceptional 19,027-square-foot commercial property in St. James, Minnesota, presents a unique investment opportunity. Located on a busy thoroughfare next to a grocery store, this former lumber yard offers versatile space ideal for single or multi-tenant use. The property features a 6,681-square-foot retail/office showroom with three private offices, bathrooms, and large display windows. A separate 10,700-square-foot insulated warehouse boasts high ceilings, two drive-in doors, and fluorescent lighting. A smaller garage with offices above, currently leased for $6,000 annually, adds to the income stream. The entire building is exceptionally clean and well-maintained, with the office/retail space and warehouse easily separated. The property sits on a 0.6-acre lot, zoned for business commercial use, and includes built-in billboard signage. The asking price is $495,000, representing a 1.21% cap rate with a net operating income (NOI) of $6,000. The property consists of one single-story building constructed in 1954, with three units and a price per unit of $165,000. The property features a price per square foot of $26.02. Owner financing may be available to qualified buyers. The APN is 202760110. This property offers significant potential for a savvy investor.