600 Union Street, Tracy, MN 56175 (MLS# 7081036)

Overview

Description

Outstanding commercial investment opportunity with strong income potential and room for future growth! This impressive 60x131 commercial building, built in 2002, sits on a large 260x360 lot with a freshly resealed and striped asphalt parking lot measuring approximately 100x135. The property offers flexibility for investors or business owners alike, with the potential to subdivide additional lots for future development opportunities. One half of the building currently operates as a fitness center and includes all equipment in the sale, making it a true turn key business opportunity. The gym area features updated LED lighting, durable heavy-duty commercial tile flooring, showers, locker areas, bathrooms, a meeting room, and a secured FOB entry system with powered front doors and card reader access. Included are multiple commercial-grade treadmills and fitness equipment, providing immediate operational value. The opposite half of the building is currently under contract with Sanford Healt ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 2007
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 7860
For Sale or Lease: For Sale
Acres: 2.13
Lot Dimensions: 360x260
Assessment Pending: No
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Smart Technology Air Conditioning: Central Air CMU Style: Office; Other Construction Status: Previously Owned Current Use: Office; Other Exterior: Metal Foundation: Slab Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Roof: Asphalt Shingles Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 615000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 600
Street Name: Union
Street Suffix: Street
Postal City: Tracy
County: Lyon
State: MN
Zip Code: 56175
Complex/Dev/Subdivision: Eastview Add

Assessments

Tax With Assessments: 14210
Assessment Balance: 0

Building Information

Building Finished SqFt: 7860

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: Yes
Leased?: Yes
Lease Expiration Date: 2026-12-31

Unit Details

Total Units: 2

Office/Member Info

Association: WCAR

Location, Tax and Other Information

Legal Description: EASTVIEW ADDITION 01010001 LOTS 7,8,9,10 & 11 & PT VACATED 6TH ST E
Listing City: Tracy
Map Page: 999
Municipality: Tracy
School District: Tracy Area
School District Phone: 507-629-5500
Zip Plus 4: 86
Property ID Number: 311730110
Tax Year: 2026
Tax Amount: 14210
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Outstanding commercial investment opportunity with strong income potential and room for future growth! This impressive 60x131 commercial building, built in 2002, sits on a large 260x360 lot with a freshly resealed and striped asphalt parking lot measuring approximately 100x135. The property offers flexibility for investors or business owners alike, with the potential to subdivide additional lots for future development opportunities. One half of the building currently operates as a fitness center and includes all equipment in the sale, making it a true turn key business opportunity. The gym area features updated LED lighting, durable heavy-duty commercial tile flooring, showers, locker areas, bathrooms, a meeting room, and a secured FOB entry system with powered front doors and card reader access. Included are multiple commercial-grade treadmills and fitness equipment, providing immediate operational value. The opposite half of the building is currently under contract with Sanford Health, creating built in lease income potential and long-term stability. Separate heating and air conditioning systems allow each side to operate independently and efficiently. Additional highlights include maintenance free steel siding, Gerkin vinyl windows, steel-framed commercial doors, and newer Decra HD steel shingles with a transferable 50 year lifetime warranty. The gym area was repainted in 2020, adding to the clean and well maintained appearance throughout the property. Whether you are looking for an investment property, owner user opportunity, or an established fitness business with additional rental income, this versatile commercial property offers endless possibilities in a highly functional and modern space. 2 addition lots are part of the sale that could be used as residential.
Directions: Take Union St East until you hit the dead end.

Accessible

Doors 36"+: Yes
Fully Wheelchair: Yes
Smart Technology: Yes

Air Conditioning

Central Air: Yes

Construction Status

Previously Owned: Yes

Exterior

Metal: Yes

Foundation

Slab: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Parking Characteristics

Parking Lot: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Office: Yes
Other: Yes

Current Use

Office: Yes
Other: Yes