Humans can imagine and manipulate visual images mentally, a capability known as spatial visualization. While many multi-modal benchmarks assess reasoning on visible visual information, the ability to infer unseen relationships through spatial visualization remains insufficiently evaluated as a spatial skill. This reliance on publicly sourced problems from IQ tests or math competitions risks data contamination and compromises assessment reliability. To this end, we introduce SpatialViz-Bench, a comprehensive multi-modal benchmark for spatial visualization with 12 tasks across 4 sub-abilities, comprising 1,180 programmatically generated problems, a scalable framework that allows for expansion to ensure fair and continuously reliable evaluations. Our evaluation of 27 Multi-modal Large Language Models (MLLMs) reveals wide performance variations, demonstrates the benchmark's strong discriminative power, and uncovers counter-intuitive findings: Chain-of-Thought (CoT) prompting paradoxically degrades accuracy on open-source models. Through statistical and qualitative analysis of error types, SpatialViz-Bench demonstrates that state-of-the-art MLLMs exhibit deficiencies in spatial visualization tasks, thereby addressing a significant lacuna in the field. The benchmark data and evaluation code are publicly available.