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.
| MLS # | 7110118 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 87 |
| Listing Provided By | Premier Real Estate Services | Noel M. Johnson |
| SQ Feet | 5,940 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Units | 4 |
| Zoning | Business/Commercial |
| Acreage | 0.35 |
| Cooling | Central Air, Ductless Mini-Split |
|---|---|
| Heating | Forced Air |
| Roof | Flat, Metal, Pitched |
|---|---|
| Construction Materials | Block, Frame |
| Parking Features | Parking Lot, Paved Lot |
|---|
| Utilities | Electric Common, Heating Common, Heating Separate, Hot Water Separate |
|---|
| Property | 5810 |
|---|
| State | MN |
|---|---|
| County | Stearns |
| City | Saint Cloud |
| Zip Code | 56301 |
| Community Name | Roosevelt Place Add |
| School District | 742 |
| High School | St. Cloud |
| Listing VS Median (in Roosevelt Place Add) | |
Price: $720,000 low | high Med: $243,900 sqft: 5,940 low | high Med: 2,367 $ / sqft: $121 low | high Med: $112 On site: 87 low | high Med: 77 | |
| State | MN |
|---|---|
| County | Stearns |
| City | Saint Cloud |
| Zip Code | 56301 |
| Community Name | Roosevelt Place Add |
| School District | 742 |
| High School | St. Cloud |
| Listing VS Median (in Roosevelt Place Add) | |
Price: $720,000 low | high Med: $243,900 sqft: 5,940 low | high Med: 2,367 $ / sqft: $121 low | high Med: $112 On site: 87 low | high Med: 77 | |