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    Multi-Use Industrial Building For Sale Title is generated by Realmo AI

    30701 Pearl Drive, Saint Joseph, MN 56374

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    For Sale
    $1,075,000

    Commercial - Saint Joseph, MN

    Lot size:
    1.58 Acres
    Added:
    Dec 3, 2025
    Days on Market:
    169
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 30701 Pearl Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial,Industrial
    Parking features
    Parking Lot, Paved or Surfaced
    Exterior features
    Metal
    Standard status
    Active
    APN
    84533000419
    Lot size
    1.58 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12438

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Craig Hiltner
    Craig Hiltner

    Listing agent Craig Hiltner

    Listing office VoigtJohnson 1101 2nd St S STE 103, Sartell, MN

    Listing date Dec 3, 2025

    MLS# 6823069 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent investment opportunity with existing long‑term tenant and fully occupied status.
    • Large 11,068 SF multi‑use light industrial building built in 2005.
    • Significant warehouse/storage space (10,080 SF) with loading dock and overhead doors.
    • Includes 988 SF of office space with 4 offices and reception area.
    • Features (3) 12'x14' OH doors plus (3) 8'x10' loading dock OH doors.
    • Well‑maintained property with tenant‑paid utilities and room for expansion.

    Overview

    This 11,068 square foot multi-use light industrial building, constructed in 2005, presents an investment opportunity. The property includes 988 square feet of office space, featuring four offices, a restroom, and a large reception area. Additionally, there is 10,080 square feet of warehouse and storage space. The warehouse area is equipped with three 12'x14' overhead doors and three 8'x10' loading dock overhead doors, two restrooms, a mechanical room, 16-foot high walls, and four hanging gas heaters. The property also features a loading dock, paved parking, and room for expansion. Situated on a 1.5775-acre lot, the property is zoned for business/commercial and industrial use. It is currently fully occupied under a modified gross lease, with the tenant responsible for utilities. The property is located in Saint Joseph, Minnesota.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cole Papers Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ridgewood Storage — 8850 Ridgewood Ct, St Joseph, MN 56374
    • St Joe Mini-Storage — 8480 Co Rd 75, St Joseph, MN 56374

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.275414
    Latitude
    45.569757

    Nearby Similar for Sale

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      2,937 SF

      Downtown Saint Joseph Retail Building

      Retail building with restaurant buildout and income-producing tenant.
      14 College Ave N, Saint Joseph, MN 56374
      View Details
    • $12
      1,350 SF

      Saint Joseph Business Center Space

      1,350 SF space in high-traffic Saint Joseph location.
      710 E County Road 75 E, Saint Joseph, MN 56374
      View Details
    • $1,200,000
      4,350 SF

      Prime Corner Location with Lofts

      Highly visible corner location in downtown Saint Joseph, Minnesota.
      7 E Minnesota St, Saint Joseph, MN 56374
      View Details

    FAQs

    What type of property is this?
    Warehouse - 11,068 SF multi-use light industrial building in Saint Joseph.
    Where is this warehouse located?
    The property is located at 30701 Pearl Drive Saint Joseph, MN.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: Excellent investment opportunity with existing long‑term tenant and fully occupied status.; Large 11,068 SF multi‑use light industrial building built in 2005.; Significant warehouse/storage space (10,080 SF) with loading dock and overhead doors.
    (320) 250-8800
    We can help!
    Listing Contact
    Craig Hiltner
    Craig Hiltner
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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