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    220 Park Ave S. St. Cloud, MN 56301

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $5,075,962

    23,688 SF High Quality Office Building - Creative Planning Business Services

    Property size:
    23,688 SF

    Description

    Added:
    Apr 9, 2025
    Days on Market:
    273
    Executive Summary
    CBC Orion Real Estate Advisors are pleased to offer For Sale the Creative Planning Business Services property located in Saint Cloud, MN. The subject property is a single-tenant, 23,688 square foot high quality office building – 100% NNN leased by Creative Planning Business Services. The investment offers a solid going in Cap Rate of 8% with approx. (6) Six years of lease term remaining on its initial lease term. The lease contains attractive 2.5% annual rental increases, with one-five-year renewal option to extend. This property offers an investor a strong rental income stream with rental growth in a strong market.

    Property is conveniently located just one block off of 2 nd Street (27,000 VPD traffic count) a major retail and business hub. Excellent location with close proximity to major thoroughfares (Highway 23, Hwy 15, 2 nd Street & Division Street), major retailers, restaurants and more. Saint Cloud is a MSA serving over 200,000 and is approximately 60 miles northwest of the Twin Cities.
    Building consists of one – single-story high-quality granite/stucco & glass office building consisting of 23,688 SF building on 1.89 acres. The tenant, Creative Planning (S&P BB rating), is one of the largest financial services companies in North America. Creative Planning (f/k/a BerganKDV) has been in the building since 2005. Additionally, in 2024 the property has undergone substantial property enhancements with over $645,000 invested.
    Building amenities include high quality office finishes, ample parking at the door, fully sprinkled, attractive granite & glass exterior, extensive landscaping, and much more. Excellent opportunity to acquire this fully stabilized high quality 100% occupied single tenant NNN leased investment property with long term lease in place. Excellent 1031 exchange opportunity.


    *** Offered For Sale at $5,075,962 ***


    Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576

    Property Features for 220 Park Ave S. St.

    General Information

    Sale Condition
    1031-exchange
    Property type
    Office buildings
    Square Feet
    23,688 SF
    Price / Square Foot
    $214
    Total Parking Spaces
    100
    Elevators
    N/A
    Net Rentable
    23,688 SF
    Lot Size
    82,328 SF

    Building Details

    Year Built/Renovated
    2005/2024
    Buildings
    1
    Stories
    1
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Cloud
    State
    Minnesota
    Longitude
    -85.197631
    Latitude
    42.842768

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    FAQs

    What type of property is this?
    Office building - 23,688 SF High Quality Office Building - Creative Planning Business Services
    Where is this office building located?
    The property is located at 220 Park Ave S. St. Cloud, MN.
    What is the asking price?
    The asking price for this property is $5,075,962.
    (320) 251-1177
    Request Owner's contact information
    220 Park Ave S. St. Cloud, MN 56301
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    Realmo Value Estimation

    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

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    Alternative use

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

    More about this property
    220 Park Ave S. St. Cloud, MN 56301
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