Two-Story Professional Office
For Sale
Contact for pricing
122 12th Ave N, Saint Cloud, MN 56303
Two-story brick office building with modern finishes and 55 surface parking stalls.
Property Size17,624 SF
Lot Size1.07 Acres
Price / SF$133.34
Days on Market1129
Property Features for 122 12th Ave N
General Information
Standard status
Active
Size
17,624 SF
Total Parking Spaces
55
Lot size
1.07 Acres
Property subtype
OFFICE
Occupancy
53%
Building Details
Year Built
1985
Year Renovated
2018
Stories
2
Tenancy
Multi
Listing Agency:
SVN GC Real Estate
(320) 253-0003
Listed By:
Kate Hanson
(320) 420-6485
Source:
Moodyscre
Added: Sep 28, 2023
Changed: Oct 26
Last Checked: Oct 28 at 9:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN GC Real Estate
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Investment Insights
Based on property information with market context.
Tri-County Professional Center is a two-story professional office building totaling 17,624+/- SF on 1.07+/- acres. The property features a brick exterior, modern interior finishes, and ample on-site parking with 55 surface stalls. Originally built in 1985, the building was renovated in 2000, 2007, and 2018, and is reported to be well maintained.
The center is located in downtown St. Cloud and is described as having central access to area amenities, government offices, and major thoroughfares. The building is currently 53%+/- occupied with a long-term tenant, First American Title.
Neighboring users include US Bank, the US Post Office, St. Cloud Police Department, Stearns County Courthouse, and MidCountry Bank.
The center is located in downtown St. Cloud and is described as having central access to area amenities, government offices, and major thoroughfares. The building is currently 53%+/- occupied with a long-term tenant, First American Title.
Neighboring users include US Bank, the US Post Office, St. Cloud Police Department, Stearns County Courthouse, and MidCountry Bank.
Key Highlights
- Two‑story brick professional office building totaling 17,624+/- SF on 1.07+/- acres in downtown St. Cloud
- On‑site parking includes 55 surface stalls
- Renovated in 2000, 2007, and 2018 after original construction in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,283
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,185,660
$4.2M
Cap Rate 7%
$2,989,757
$3.0M
Cap Rate 9%
$2,325,367
$2.3M
Market Conditions
NOI Build-Up for 17,624 SF
Gross rent
$387.0K $21.96/SF
− Vacancy
−$108.0K −$6.13/SF
EGI
$279.0K $15.83/SF
− OpEx
−$69.8K −$3.96/SF
NOI
$209.3K $11.87/SF
Area
Sherburne County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,185,660
Cap Rate 7%
$2,989,757
Cap Rate 9%
$2,325,367
Alternative Uses
Best Use
Office B
$2.99M
$2.62M – $3.49M
NOI $209,283 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.20M
$3.68M – $4.91M
NOI $294,330 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
53%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
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Business Placement
Demographics for 56303, MN
27,305
Population
11,760
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
93%
High-School Grad
11.0 sq mi
ZIP Area
2,482
Density / Sq Mi
$66,789
Median Household Income
$39,167
Median Earnings
$1,001
Median Rent
$197,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-story brick office building with modern finishes and 55 surface parking stalls.
Where is this office building located?
The property is located at 122 12th Ave N Saint Cloud, MN.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Two‑story brick professional office building totaling 17,624+/- SF on 1.07+/- acres in downtown St. Cloud; On‑site parking includes 55 surface stalls; Renovated in 2000, 2007, and 2018 after original construction in 1985
