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For sale
Conventional restaurants
MN
Saint Joseph
56374
14 College Ave N

Downtown Saint Joseph Retail Building

14 College Ave N, Saint Joseph, MN 56374

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For Sale

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Retail building with restaurant buildout and income-producing tenant.

Type:Retail

Property size:

2,937 SF

Price / SF:

$202/SF

HighLights

Turnkey restaurant buildout in vacant Suite A, including dining area, full commercial kitchen, walk‑in cooler and freezer, ideal for owner‑occupant.
Prime downtown Saint Joseph location at 14 College Ave N with strong pedestrian traffic and proximity to local businesses.
Existing lease in Suite B to Wandering Cow Ice Cream Shop provides immediate cash flow and attracts foot traffic.
Close proximity to the College of Saint Benedict and Saint John’s University (6,500+ students) ensures consistent customer base.
Property is configured into two suites, allowing for flexible use and income generation.
Shared common area restrooms maximize usable square footage in each suite.

We can help!

Contact an agent

Jacob Cleveland

Learn more

For Sale

Contact for pricing

Retail building with restaurant buildout and income-producing tenant.

Type:Retail

Property size:

2,937 SF

Price / SF:

$202/SF

Added:: Feb 4, 2026
Days on Market:: 143
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 14 College Ave N

General Information

Standard status: Active
Size: 2,937 SF
Property subtype: Retail

We can help!

Contact an agent

Jacob Cleveland

Listing office Inventure Real Estate

Listing date Feb 4, 2026

Source Crexi

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 Inventure Real Estate

HighLights

Turnkey restaurant buildout in vacant Suite A, including dining area, full commercial kitchen, walk‑in cooler and freezer, ideal for owner‑occupant.
Prime downtown Saint Joseph location at 14 College Ave N with strong pedestrian traffic and proximity to local businesses.
Existing lease in Suite B to Wandering Cow Ice Cream Shop provides immediate cash flow and attracts foot traffic.
Close proximity to the College of Saint Benedict and Saint John’s University (6,500+ students) ensures consistent customer base.
Property is configured into two suites, allowing for flexible use and income generation.
Shared common area restrooms maximize usable square footage in each suite.

Overview

Located in downtown Saint Joseph, this 2,937 square foot retail building at 14 College Ave N is available for sale. The property is divided into two suites. Suite A is currently vacant and features a turnkey restaurant buildout, including a dining area, a full commercial kitchen, and a walk-in cooler and freezer. This suite is suitable for a café, restaurant, or specialty food concept. Suite B is leased to Wandering Cow Ice Cream Shop, providing immediate cash flow. Both suites share common area restrooms. The property benefits from strong pedestrian traffic, surrounding residential density, and proximity to local businesses, the College of Saint Benedict, and Saint John’s University, which together serve approximately 6,500+ students. This property presents an owner-user opportunity in one of Central Minnesota’s active downtown districts.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.9k	$20.04
− Vacancy	−$4.6k	−$1.56
EGI	$54.3k	$18.48
− OpEx	−$13.6k	−$4.62
NOI	$40.7k	$13.86

2,937 SF · lease $20.04/SF/yr · vacancy 7.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$581.4K

$508.8K – $678.3K (±1% cap)

NOI $40,700 @ 7.0% cap · market cap 6.84%

Second Best

Retail

$562.7K

$492.3K – $656.5K (±1% cap)

NOI $39,387 @ 7.0% cap · market cap 6.62%

Theoretical Best

Office A

$643.1K

$562.7K – $750.2K (±1% cap)

NOI $45,014 @ 7.0% cap · market cap 7.57%

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

Location Intelligence

Current Use by Public Records

Tacoholic Restaurant The Wandering Cow Ice ... Grocery & Convenience Store

Suggested Use

Location Insight

Map
Local Demand

City: Saint Joseph
County: Stearns
State: Minnesota
Longitude: -94.3179827
Latitude: 45.5650301

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For sale
Conventional restaurants
MN
Saint Joseph
56374
14 College Ave N

What type of property is this?

Conventional restaurant - Retail building with restaurant buildout and income-producing tenant.

Where is this conventional restaurant located?

The property is located at 14 College Ave N Saint Joseph, MN.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Turnkey restaurant buildout in vacant Suite A, including dining area, full commercial kitchen, walk‑in cooler and freezer, ideal for owner‑occupant.; Prime downtown Saint Joseph location at 14 College Ave N with strong pedestrian traffic and proximity to local businesses.; Existing lease in Suite B to Wandering Cow Ice Cream Shop provides immediate cash flow and attracts foot traffic.