Bank Street Professional Building

Investment Overview

3,800 SF commercial condominium currently operating as a health club, featuring a very open floor plan that can be adapted for a variety of uses. The property offers multiple entrances/exits and two separate sewer connections, allowing the space to be easily divided into two suites or potentially replatted into separate condo units (buyer to verify). Entire building is 8,290 SF with Anytime Fitness portion being 3800 SF and is suitable for an owner user or investor. Ideal for medical, fitness, wellness, professional office, retail, or other commercial users. Located in the heart of Becker's primary commercial corridor with excellent visibility and convenient access to Highway 10, serving one of the area's fastest-growing bedroom communities. Excellent opportunity for both owner-users and investors. The flexible layout provides the option to occupy one suite while leasing the other, lease the entire property, or divide it for multiple tenants. Based on market rental rates, the property is projected to achieve approximately a 7% cap rate at the asking price, with minimal anticipated capital improvements anticipated in the near term.

Investment Highlights

• Offered at a 7% cap rate based on in-place/market rents, providing attractive risk-adjusted yield relative to typical Class B office/retail cap rates
• Strong fit for medical, wellness, professional office, or similar service users seeking ownership instead of leasing in a low-vacancy submarket
• Located in Becker’s commercial corridor just off Highway 10, offering convenient access and visibility
• Condo structure allows flexible exit strategies: resell to another owner-user, lease and hold as investment, or potentially sell individual suites
• Highly adaptable condo that can be efficiently replatted and reconfigured into multiple suites, supported by multiple access doors and existing sewer
• Modern open ceilings
• Suitable for an owner/user or investor