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Saint Cloud, MN 56301

New Listing

$720,000

Property Type: Commercial Square Footage: 5,940 Lot Size (sq. ft.): 15,160 Status: Active

Current Price: $720,000 List Date: 7/15/2026 Last Modified: 7/17/2026

Overview

Description

Investment opportunity consists of 4,500 square foot professional building and a 1,200 square foot shop situated behind. Centrally located ½ block off Division Street (Hwy23) Several long-term tenants make this a solid investment. Priced at an 8% cap rate! The largest tenant has a lease through January 2035. In 2013 main building went through an extensive remodel inside & out! You will see pride in ownership with updates like; windows, HVAC, new sidewalks, heated front walk, parking lot replacement, stucco, entry doors, and interior updates.

Listing Details MLS# 7110118

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 20
Waterfront YN: No
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 15160
Foundation Size: 5940
Garage Stalls: 2
For Sale or Lease: For Sale
Lot Dimensions: 120x127
Assessment Pending: No

Property Features

Accessible: Doors 36"+; Fully Wheelchair; No Stairs External; No Stairs Internal Air Conditioning: Central Air; Ductless Basement: Concrete Block; Partial CMU Style: Freestanding; Office Construction Materials: Block; Frame Construction Status: Previously Owned Current Use: Commercial; Office; Retail Existing Financing: Free and Clear Exterior: Brick/Stone; Steel Siding; Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Miscellaneous Information: Alarms; Building Sign; Delivery Door On Site Utilities: Electric Common; Heating Common; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot; Paved Lot Rent Rate per Foot: Gross Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Flat; Metal; Pitched Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 720000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Saint Cloud
County: Stearns
State: MN
Zip Code: 56301
Complex/Dev/Subdivision: Roosevelt Place Add

Assessments

Tax With Assessments: 5810
Assessment Balance: 0

Building Information

Building Finished SqFt: 5940
Building SqFt: 5940
Ceiling Height: 8-10

More Information

Income and Expenses

Annual Gross Income: 80875
Annual Insurance Expense: 3700
Annual Maintenance Expense: 1800
Annual Net Income: 57603
Annual Water/Sewer Expense: 4900
Total Annual Expenses: 23272
Annual Gross Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Alarms: Yes
Building Sign: Yes
Delivery Door: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 28
Section#: 15
Township#: 124

Sale Options

Sale Includes: Building, Leases

Unit 1

Unit Number: Yes
Monthly Rent: 3138
Unit Total SqFt: 2000
Leased?: Yes
Lease Expiration Date: 2035-01-31

Unit 2

Lease Expiration Date: 2026-09-01
Leased?: Yes
Monthly Rent: 1800
Unit Number: 2
Unit Total SqFt: 1150

Unit 3

Lease Expiration Date: 2026-12-31
Leased?: Yes
Monthly Rent: 1310
Unit Number: 3
Unit Total SqFt: 1070

Unit 4

Lease Expiration Date: 2028-08-31
Leased?: Yes
Monthly Rent: 700
Unit Number: 4
Unit Total SqFt: 1200

Unit Details

Total Units: 4

Office/Member Info

Association: SCAAR

Location, Tax and Other Information

Legal Description: LOTS 22 23 & 24 BLK 9 ROOSEVELT PLACE ADD SECTION 15 TOWNSHIP 124 RANGE 028
Listing City: Saint Cloud
Map Page: 230
Municipality: Saint Cloud
School District: St. Cloud
School District Phone: 320-253-9333
Zip Plus 4: 9775
Property ID Number: 82504640000
Tax Year: 2026
Tax Amount: 5810
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Investment opportunity consists of 4,500 square foot professional building and a 1,200 square foot shop situated behind. Centrally located ½ block off Division Street (Hwy23) Several long-term tenants make this a solid investment. Priced at an 8% cap rate! The largest tenant has a lease through January 2035. In 2013 main building went through an extensive remodel inside & out! You will see pride in ownership with updates like; windows, HVAC, new sidewalks, heated front walk, parking lot replacement, stucco, entry doors, and interior updates.
Directions: From Division St, North on 32nd Ave N

Accessible

Doors 36"+: Yes
Fully Wheelchair: Yes
No Stairs External: Yes
No Stairs Internal: Yes

Air Conditioning

Central Air: Yes
Ductless: Yes

Basement

Concrete Block: Yes
Partial: Yes

Construction Materials

Block: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Free and Clear: Yes

Exterior

Brick/Stone: Yes
Steel Siding: Yes
Stucco: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Parking Characteristics

Parking Lot: Yes
Paved Lot: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Flat: Yes
Metal: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

On Site Utilities

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

CMU Style

Freestanding: Yes
Office: Yes

Current Use

Commercial: Yes
Office: Yes
Retail: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Rent Rate per Foot

Gross: Yes

Listing Office: Premier Real Estate Services

Last Updated: July - 17 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.