For Sale: Saint Cloud MLS# 7110118
Active
NEW!
$720,000
Commercial: 1 Story
Built 1976
0.348 acres
St. Cloud schools
MLS# 7110118
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Property 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
Listing Status:
Active
Contingency:
None
List Price:
$720,000
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
2
County:
Stearns
Year Built:
1976
State:
MN
Property Style:
1 Story
Zip Code:
56301
Subdivision Name:
Roosevelt Place Add
Interior
Bedrooms:
0
Bathrooms:
0
Ceiling Height:
8-10
Basement Details:
- Block
- Partial
Exterior
Stories:
One
Garage Spaces:
2
Air Conditioning:
Central Air, Ductless Mini-Split
Foundation Size:
5,940 ft2
Handicap Accessible:
Doors 36"+, Fully Wheelchair, No Stairs External, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Road Frontage:
City Street
Exterior Material:
- Block
- Frame
Roof Details:
- Flat
- Metal
- Pitched
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.348
Geolocation:
45.552304, -94.196692
Inclusions:
Building, Leases
Lot Dimensions:
120 x 127
Zoning:
Business/Commercial
Schools
School District:
742
District Phone:
3202539333
Expenses
Annual Insurance Expense:
$3,700
Annual Maintenance Expense:
$1,800
Annual Water/Sewer Expense:
$4,900
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,810
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,810
Income
Annual Gross Income:
$80,875
Rent
Annual Net Income:
$57,603
Units
Total Units:
4
Miscellaneous
Current Use:
- Commercial
- Office
- Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Premier Real Estate Services.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.