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Foley, MN 56329

$439,900

3,168 SF Building with 11 units at the corner of Broadway Ave N and Hwy 23

Rooms - Commercial Floor Plan 400 Broadway Ave N 2026

Commercial office building positioned on a highly visible corner lot along Hwy 23, the main artery through Foley.

Measurements - Commercial Floor Plan 400 Broadway Ave N 2026

Side of the Building - Well Maintained AC Units

Exterior Building Office Signage Display

Location benefits from daily traffic, strong sightlines, and natural exposure that cannot be replicated.

Property Type: Commercial Baths: 1 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $439,900 List Date: 1/24/2026 Last Modified: 7/09/2026

Overview

Description

Positioned on one of Foley's most visible commercial corners along Hwy 23, this 3,168 square foot professional office building offers immediate income with exceptional long term upside. The property is occupied by established professional office tenants, including a long term lease extending through 2030, while additional leases and future renewals provide opportunities to reposition rental rates and operating income over time. Multiple vacant office suites offer flexibility for lease up, tenant expansion, owner occupancy, or reconfiguration. Constructed with durable brick and steel and served by zoned heating and cooling systems, the building is designed for long term performance and a variety of professional office, medical, counseling, legal or service based uses. Foley continues to experience renewed commercial growth following expanded municipal infrastructure, making highly visible office properties increasingly difficult to acquire. Investors and owner occupants alike will appre ... (Read more)

Listing Details MLS# 7012553

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1970
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 3168
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.2
Lot Dimensions: 85x105
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: Accessible for Hearing-Impairment; Door Lever Handles; Fully Wheelchair; Grab Bars In Bathroom; No Stairs External; No Stairs Internal Air Conditioning: Central Air; Zoned Amenities Unit: Ethernet Wired; Washer/Dryer Hookup Assumable Loan: Not Assumable Basement: None CMU Style: Office Construction Materials: Brick Construction Status: Previously Owned Current Use: Office Exterior: Brick/Stone; Metal; Steel Siding Fencing: None Flooring: Carpet Foundation: Slab Fuel: Electric; Natural Gas Heating: Forced Air; Zoned Internet Options: Cable Loan Terms: Cash; Conventional Lock Box Type: Combo Lot Description: Corner Lot; Irregular Lot; Tree Coverage - Light Miscellaneous Information: 2+ Lavatories; Exterior Lighting On Site Utilities: Electric Common; Heating Separate; Hot Water Common Owner Pays: Electricity; Exterior Maintenance; Gas; Grounds Care; Hot Water; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water Potential Use: Office; Professional Road Frontage: Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Metal Sewer: City Sewer/Connected Stories: One Tenant Pays: Broadband; Cable TV; Telephone Topography: Level Wall Description: Drywall Water: City Water/Connected Window Features: Blinds

Contract Information

Contingency: None
ListPrice: 439900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Foley
County: Benton
State: MN
Zip Code: 56329
Complex/Dev/Subdivision: Holdridge Add

Assessments

Assessment Balance: 3672.08
Tax With Assessments: 13178

Basement

Foundation Dimensions: 72x44
None: Yes

More Information

Building Information

Building Finished SqFt: 3168
Ceiling Height: 8-10

Income and Expenses

Annual Insurance Expense: 3150

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SCAAR
Combo: Yes

Miscellaneous Information

Homestead: No
2+ Lavatories: Yes
Exterior Lighting: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 29
Section#: 26
Township#: 37

Sale Options

Sale Includes: Building, Land, Leases

Unit 1

Unit Number: Suite B
Monthly Rent: 915
Level: Main Level
Unit Total SqFt: 890
Leased?: Yes
Lease Expiration Date: 2030-07-31

Unit 2

Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 575
Unit Number: Suite A
Unit Total SqFt: 650

Unit 3

Half Baths: Yes
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 250
Total Bathrooms: Yes
Total Rooms: Yes
Unit Number: Suite A3
Unit Total SqFt: 250

Unit 4

Leased?: No
Level: Main Level
Total Rooms: Yes
Unit Number: A5
Unit Total SqFt: 87

Unit 5

Leased?: No
Level: Main Level
Total Rooms: Yes
Unit Number: A6
Unit Total SqFt: 87

Unit 6

Leased?: No
Level: Main Level
Total Rooms: Yes
Unit Number: A7
Unit Total SqFt: 87

Unit 7

Leased?: No
Level: Main Level
Total Rooms: Yes
Unit Number: A8
Unit Total SqFt: 87

Unit 8

Leased?: No
Level: Main Level
Unit Number: A4
Unit Total SqFt: 87

Unit Details

Total Units: 10

Office/Member Info

Association: SCAAR

Location, Tax and Other Information

Legal Description: SECT-26 TWP-037 RANGE-029 HOLDRIDGE ADDITION LOT-001 BLOCK-006 WLY 73.7 FT OF LOTS 1 & 2 & SLY 10 FT OF LOT 3 BLK 6
Listing City: Foley
Map Page: 999
Municipality: Foley
School District: Foley
School District Phone: 320-968-7175
Zip Plus 4: 8794
Property ID Number: 130052300
Tax Year: 2026
Tax Amount: 9505.92
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Positioned on one of Foley's most visible commercial corners along Hwy 23, this 3,168 square foot professional office building offers immediate income with exceptional long term upside. The property is occupied by established professional office tenants, including a long term lease extending through 2030, while additional leases and future renewals provide opportunities to reposition rental rates and operating income over time. Multiple vacant office suites offer flexibility for lease up, tenant expansion, owner occupancy, or reconfiguration. Constructed with durable brick and steel and served by zoned heating and cooling systems, the building is designed for long term performance and a variety of professional office, medical, counseling, legal or service based uses. Foley continues to experience renewed commercial growth following expanded municipal infrastructure, making highly visible office properties increasingly difficult to acquire. Investors and owner occupants alike will appreciate the combination of existing cash flow, leasing flexibility, and meaningful value add potential in one of the community's most recognizable commercial locations.
Directions: From Milaca: Head West on Hwy 23, turn Right onto Broadway Ave N From St Cloud: Head East on Hwy 23, turn Left onto Broadway Ave N Building #400

Accessible

Accessible for Hearing-Impairment: Yes
Door Lever Handles: Yes
Fully Wheelchair: Yes
Grab Bars In Bathroom: Yes
No Stairs External: Yes
No Stairs Internal: Yes

Air Conditioning

Central Air: Yes
Zoned: Yes

Amenities Unit

Ethernet Wired: Yes
Washer/Dryer Hookup: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Brick: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Metal: Yes
Steel Siding: Yes

Fencing

None: Yes

Flooring

Carpet: Yes

Foundation

Slab: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Forced Air: Yes
Zoned: Yes

Internet Options

Cable: Yes

Lot Description

Corner Lot: Yes
Irregular Lot: Yes
Tree Coverage - Light: Yes

Owner Pays

Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Grounds Care: Yes
Hot Water: Yes
Insurance: Yes
Janitorial Service: Yes
Lawn: Yes
Maintenance/Repair: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Road Frontage

Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Metal: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Topography

Level: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

Window Features

Blinds: Yes

No. of Ranges

None: Yes

No. of Refrigerators

None: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Telephone: Yes

On Site Utilities

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

CMU Style

Office: Yes

Current Use

Office: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Potential Use

Office: Yes
Professional: Yes

Listing Office: New Century Real Estate

Last Updated: July - 09 - 2026

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