FOR SALE Joseph Wolf Co. Building 106 South Main Street Stillwater, Minnesota 55082 Exclusively Offered By: Corner Location in Historic Downtown Stillwater, MN. Major upgrades underway to downtown Stillwater with completion of new bridge. Excellent upside potential with rents on the increase in Stillwater. 10,000 square foot building on the identifiable corner of Myrtle St. E. & Main St. S. Excellent tenant mix. Two blocks from scenic St. Croix River. Abundance of city owned parking lots within a few blocks of the property. Julie Regan: 952.230.3159 Julie.regan@lakesmn.com Jeff Houge: 612.490.5551 jeff@wakota.com Scott Kragness: 651.323.8454 scott@wakota.com Dana Dose: 612.978.4576 dana@wakota.com
Confidential Disclaimer This Confidential Memorandum has been prepared by Wakota Commercial Advisors and Sotheby s Lakes( WCA & SL ) and is being furnished to you solely for the purpose of your review of the commercial property located at 106 S. Main Street, Stillwater Minnesota (the Property ). The material contained in this Offering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of Wakota Commercial Advisors or Sotheby s Lakes( Broker ). By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you receive in connection with this transaction, whether oral, written or in any other form (collectively, the Materials ), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) If you do not wish to pursue this matter, you will return this Confidential Memorandum to WCA & SL together with all other materials relating to the Property which you may have received from WCA& SL; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of WCA &SL. This Confidential Memorandum has been prepare by WCA & SL based upon information pertaining to the Property and any information obtained from WCA & SL to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision and is sold on an as-is, whereis basis with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by WCA & SL to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon WCA & SL or any of the information set out in the Materials. WCA & SL has not independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any kind whatsoever are made or intended and none should be inferred. WCA & SL expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of the documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice. This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum you agree to release WCA & SL and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. WCA & SL reserves the right to request the return of Materials at any time. Ownership of the Property reserves the right to negotiate with one or more investors at any time. Page 2 Jos. Wolf Stillwater, MN
Page 3 Jos. Wolf Stillwater, MN Section 1: About the Opportunity
Purchase Price: $1,000,000 Wakota Commercial Advisors is pleased to offer FOR SALE, the opportunity to acquire this incredible Main Street property in historic downtown Stillwater, Minnesota. The property consists of a 10,000 square foot multi-tenant office building, with one apartment on the second floor. In addition, the building has an unfinished basement. The property is located at one of the most identifiable intersections in downtown Stillwater Myrtle & Main. Located in the heart of historic downtown Stillwater, this building along with all of downtown have begun reaping the benefits of the new Stillwater River Crossing. The new Stillwater bridge has transformed downtown Stillwater into a pedestrian friend shopping and dining district. No longer do patrons have to dodge cars and trucks passing through the quaint downtown, as they now move past this area via the new river crossing. The city of Stillwater has many plan already underway to create a more inviting day-trip experience to its downtown. Page 4 Jos. Wolf Stillwater, MN
Section 2: About the Property Page 5 Jos. Wolf Stillwater, MN
The Property: Salient Facts 106 South Main Street, Stillwater MN 55082 COUNTY: Washington PID #s: 28-030-20-41-0002 LEGAL DESCRIPTION: LOT 1 BLK 26 EXC W 32FT THEREOF BLOCK 26 LOT 1 SUBDIVISIONCD 2695 SUBDI- VISION NAME STILLWATER YEAR BUILT: 1911 NUMBER OF TENANTS: Six (6) LAND AREA: GROSS BLD AREA: 0.13 Acres 15,000 square feet FINISHED AREA: ELEVATOR: VISIBILITY: 10,000 square feet Yes Main Street & Myrtle Street ON-SITE PARKING: PARKING LOT: 2017 REAL ESTATE TAXES PAYABLE ACCESS: None. Several Surface lots in area. $26,326.00 Via Main Street Page 6 Jos. Wolf Stillwater, MN
The Property: Income & Expense Information Gross Income: (avg. $9.76 psf gross) $97,647.00 Expenses: $39,459.00 R.E. Taxes: $26,326.00 Gross Expenses: $65,785.00 Net Operating Income: $31,862.00 Page 7 Jos. Wolf Stillwater, MN
The Property: Current Rent Roll APARTMENT (2ND FLOOR) FIRST FLOOR TENANT FIRST FLOOR TENANT FIRST FLOOR TENANT SECOND FLOOR TENANT SECOND FLOOR TENANT Page 8 Jos. Wolf Stillwater, MN
Page 9 Jos. Wolf Stillwater, MN The Property: Basement Floor Plan
The Property: First Floor Plan Page 10 Jos. Wolf Stillwater, MN
The Property: Second Floor Plan Page 11 Jos. Wolf Stillwater, MN
The Property: Property Photos Page 12 Jos. Wolf Stillwater, MN
Section 3: About the Location Page 13 Jos. Wolf Stillwater, MN
Stillwater Minnesota Discover Stillwater the 1848 Birthplace of Minnesota located on the scenic St. Croix River! A place where paddle wheel riverboats and gondolas glide the waters. Historic Main Street shopping, dining, lodging and entertainment are yours inside this charming river town where time stands still in the valley. There are so many things to do in Stillwater, Minnesota! Enjoy all four seasons in Stillwater, MN The robust colors of the bluffs in the Fall and crisp flavors of winery and brewery harvests. Winter days showcasing holiday boutique shopping, romantic winter escapes or vintage/antique shop browsing. Spring flowers blooming in the parks and along the bike trail. Warm Summer air welcoming outdoor art fairs, restaurant patios, festival events, boating, and historic sightseeing. Yes, Welcome to beautiful Stillwater minutes from the Twin Cities Minneapolis and St. Paul and just over the Lift Bridge from Wisconsin. Our bed and breakfasts, historic inns and many Stillwater hotels await your visit. We know you will be coming back again and again to the place where it all began. Stillwater, Minnesota has been voted as: America s Most Picturesque Small Towns, Best American Towns for Fall Colors, Best U.S. Towns for Antiquing, Best Twin Cities Day Trips, Best Minnesota Weekend Getaway, America s Prettiest Painted Places, and Most Romantic Cities. Plan your perfect Midwest girlfriend getaway, romantic escape, corporate retreat, vacation, or wedding reception venue in beautiful Stillwater, Minnesota! Enjoy your stay! Courtesy of: discoverstillwater.com Page 14 Jos. Wolf Stillwater, MN
The Location: Maps Subject Page 15 Jos. Wolf Stillwater, MN