Downtown Saint Joseph Retail
14 College Ave N, Saint Joseph, MN 56374
For Sale
Contact for pricing
Retail building with restaurant buildout and income-producing tenant.
Property Size2,937 SF
Price / SF$168.54
Days on Market282
Property Features for 14 College Ave N
General Information
Standard status
Size
Property subtype
Listing Agency:
Inventure Real Estate
Listed By:
Jacob Cleveland · License MN #40793812
(320) 291-8625
Source:
Crexi
Added: Feb 4
Changed: Nov 8
Last Checked: Nov 10 at 6:31AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,700
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,000
$814.0K
Cap Rate 7%
$581,429
$581.4K
Cap Rate 9%
$452,222
$452.2K
Market Conditions
NOI Build-Up for 2,937 SF
Gross rent
$58.9K $20.04/SF
− Vacancy
−$4.6K −$1.56/SF
EGI
$54.3K $18.48/SF
− OpEx
−$13.6K −$4.62/SF
NOI
$40.7K $13.86/SF
Area
Stearns County, MN
Vacancy
7.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,000
Cap Rate 7%
$581,429
Cap Rate 9%
$452,222
Alternative Uses
Best Use
Specialty Retail
$581.4K
$508.8K – $678.3K
NOI $40,700 @ 7.0% cap · market cap 8.22%
Second Best
Retail
$562.7K
$492.3K – $656.5K
NOI $39,387 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$643.1K
$562.7K – $750.2K
NOI $45,014 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
61k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 13%
Home Improvements & Furnishings 5%
Kwik Trip
Shops & Services
32,444 visits/mo
0.2 miles
Holiday Station Store
Shops & Services
9,628 visits/mo
0.2 miles
Dollar General
Shops & Services
8,355 visits/mo
0.5 miles
Taco John's
Dining
5,084 visits/mo
0.2 miles
Lee's Ace Hardware
Home Improvements & Furnishings
3,050 visits/mo
0.2 miles
Demographics for 56374, MN
9,943
Population
3,662
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
150
Density / Sq Mi
$78,415
Median Household Income
$36,851
Median Earnings
$1,134
Median Rent
$281,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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 $495,000.
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.
