2 Division St E - Office FOR SALE


Buffalo, MN 55313- Wright Far Western Suburbs
$1,300,000 USD
651-492-2201
2 Division St E, Buffalo, MN for Sale
$1,300,000 USD
Office - FOR SALE
1/15
null | 8.26% Cap Rate

NEW



HIGHLIGHTS

  • 8.26% Cap Rate on Pro Forma Income
  • 4 of 6 units leased. Seller willing to lease back 1 of the vacant units for 1 yr.
  • Scenic views of Buffalo Lake!
  • Beautiful brick exterior, high ceilings, and great windows!
  • Ample off-street, city-maintained parking (44 off-street municipal stalls). Minimal snow removal responsibilities (only sidewalk behind building).

OVERVIEW

Property Overview: 10,440 sq. ft. office/retail building located in downtown Buffalo with picturesque views of Buffalo Lake. This is a great opportunity for an owner-user, or it could be purchased as an investment property with only two units remaining to lease! The building was renovated in 2004 and is in great condition. The property is conveniently located near other downtown businesses, restaurants, and coffee shops. There is a 2,613 USF office unit available on the upper level with corner suite views and a balcony facing Buffalo Lake, perfect for an owner-occupant. The suite has 5 private offices with high ceilings, a full kitchenette, a conference room, and a reception area. The last remaining unit is on the lower level. The seller would lease the lower-level unit back up to 1 year after closing. Property Highlights: -8.26% Cap Rate on Pro Forma Income! -4 of 6 units leased! Seller willing to lease back one of the vacant units for up to a year. -Ample off-street, city-maintained parking (44 off-street municipal stalls). Minimal snow removal responsibilities (only sidewalk behind building). -Beautiful brick exterior, high ceilings, and great windows! -Tenants and income in place! -Opportunity for owner-user or an investor -Easy access to other downtown retail, coffee shops, and restaurants -HVAC: 2 furnaces (1) replaced in 2025, other replaced in 2004. 2 rooftop A/C units both installed in 2004 -Building renovated in 2004 -Each unit is separately metered for gas and electric -Tenants reimburse landlord for utilities, and most tenants reimburse landlord for their pro rata share of property taxes -B-5 Central Business District Zoning allows for most office and retail usesBest location in downtown Buffalo with scenic lake views!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

8.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Buffalo - Commercial Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

B-5 Central Business

APN/PARCEL ID

103-010-095091

ASK ABOUT THIS PROPERTY

Royce DurhmanKW CommercialMore Info
651-492-2201

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Royce DurhmanKW CommercialMore Info
651-492-2201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.