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Two-Tenant Office Building
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1428 2nd St N, Sauk Rapids, MN 56379

Renovated two-tenant office building with stone and brick exterior and high-quality interior finishes.

Property Size10,000 SF
Lot Size1.00 Acre
Days on Market125

Property Features for 1428 2nd St N

General Information

Standard status Active
Size 10,000 SF
Lot size 1.00 Acre
Property subtype Office

Additional Details

Cap Rate 8%

Building Details

Year Renovated 2006
Tenancy Multi
Listing Agency: Coldwell Banker Commercial Orion Real Estate Advisors
Listed By: Scott M. Schmitt, CCIM · License #MN
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 5:52PM

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 Coldwell Banker Commercial Orion Real Estate Advisors

Investment Insights

Based on property information with market context.

CBC Orion presents a two-tenant office building that has been doubled in size and completely renovated in 2006. The property features a stone and brick exterior and high-quality interior finishes, and it is currently occupied by St. Cloud Hospital/Centracare Health Systems and Stangl & Jaskowiak, Ltd.

The building totals just under 10,000 square feet and sits on approximately a 1-acre site.

This offering is being marketed for qualified investors, with stated scheduled current-year net operating income of $122,684 and an 8% cap rate.

Key Highlights

  • Two‑tenant office building occupied by St. Cloud Hospital/Centracare Health Systems and Stangl & Jaskowiak, Ltd.
  • Completed 2006 double‑in‑size and complete renovation, with stone and brick exterior and high‑quality interior finishes
  • Total building size just under 10,000 SF on an approximately 1‑acre site

Property Analytics

Current Use

Premier Advisors Group Financial Advisor Stangl and Jaskowiak, Ltd Accounting Firm

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

398
Businesses Nearby

Demographics for 56379, MN

17,467
Population
7,356
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
95%
High-School Grad
89.4 sq mi
ZIP Area
195
Density / Sq Mi
$71,964
Median Household Income
$47,105
Median Earnings
$972
Median Rent
$251,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovated two-tenant office building with stone and brick exterior and high-quality interior finishes.
Where is this office building located?
The property is located at 1428 2nd St N Sauk Rapids, MN.
What are key features of this property?
This property features: Two‑tenant office building occupied by St. Cloud Hospital/Centracare Health Systems and Stangl & Jaskowiak, Ltd.; Completed 2006 double‑in‑size and complete renovation, with stone and brick exterior and high‑quality interior finishes; Total building size just under 10,000 SF on an approximately 1‑acre site
More about this property
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