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116 W Broadway 1,492 SF Office Building Climax, MN 56523 $47,964 CAD ($32.15 CAD/SF)
Investment Highlights
- Below Replacement Cost — Priced at just $23.40/sq ft, well under the $150-250/sq ft cost to build new. Assessed at $33,200 with low annual taxes
- Move-In Ready with Recent Upgrades — Modernized bathrooms, 2024 carpet in Suite B, 2016 Trane furnace with central air, and updated roof ventilation.
- Dual-Suite Layout with Separate Entrances — Two independent suites, each with its own entrance and bathroom, enabling owner-occupy-plus-rent or multi
Executive Summary
For Sale By Owner — no broker commission. Turnkey office building priced to sell at $35,000. Building is in good condition with recent improvements including modernized bathrooms, new carpet (2024), updated roof ventilation, and a 2016 Trane furnace. Minor exterior work needed (gutters). Showings available by appointment — call (701) 642-0010 or email winfred@hey.com. Full Offering Memorandum available upon request.
Taxes & Operating Expenses (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$1,387
|
$0.93
|
| Operating Expenses |
$2,741
|
$1.84
|
| Total Expenses |
$4,128
|
$2.77
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes (CAD) | |
|---|---|
| Annual | $1,387 |
| Annual Per SF | $0.93 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,741 |
| Annual Per SF | $1.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,128 |
| Annual Per SF | $2.77 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
1,492 SF
Building Class
C
Year Built/Renovated
2000/2020
Price
$47,964 CAD
Price Per SF
$32.15 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,492 SF
Building FAR
0.16
Lot Size
0.21 AC
Zoning
Commercial - small town Climax commercial on Broadway (the main strip)- street parking all around, yard parking in your own yard if you want
Parking
14 Spaces (9.38 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
- Fiber Optic Internet
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $45,498 CAD (2024) | |
| Land Assessment | $1,782 CAD (2024) | Annual Taxes | $1,387 CAD ($0.93 CAD/SF) |
| Improvements Assessment | $43,716 CAD (2024) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$1,782 CAD (2024)
Improvements Assessment
$43,716 CAD (2024)
Total Assessment
$45,498 CAD (2024)
Annual Taxes
$1,387 CAD ($0.93 CAD/SF)
Tax Year
2026 Payable 2026
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Videos
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Photos
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Presented by
Climax Ventures, LLC
116 W Broadway
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