Automotive Property with
1805 Highway 23 NE, Saint Cloud, MN 56304
For Sale
Contact for pricing
A signalized intersection, dedicated turn lanes and access near two major highways support convenient business access.
Property Size23,500 SF
Lot Size10.00 Acres
Price / SF$169.79
Days on Market8
Property Features for 1805 Highway 23 NE
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Real Estate Included
Property Use
Amenities
signalized intersection
dedicated turn lanes
showroom
office
shop
warehouse
12-foot ceilings
Building Details
Buildings
Listing Agency:
Agency North Real Estate
Listed By:
Wendy Hendricks · License #40438191
(320) 293-6379
Source:
Moodyscre
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 6 at 9:52AM
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 Agency North Real Estate
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Investment Insights
Based on property information with market context.
This automotive property occupies a nearly 10-acre site and includes showroom, office, shop and warehouse areas. A detached building constructed in 2002 adds 6,000 heated square feet with 12-foot ceilings. The showroom building received a new roof approximately four years ago, and a remodel about 10 years ago updated electrical, plumbing and interior finishes.
The property is at the intersection of Highway 23 and another major highway, just off Highway 10. Dedicated turn lanes serve the main entrance, and the site sits across the Mississippi River from downtown St. Cloud.
The property is at the intersection of Highway 23 and another major highway, just off Highway 10. Dedicated turn lanes serve the main entrance, and the site sits across the Mississippi River from downtown St. Cloud.
Key Highlights
- Nearly 10‑acre site
- Detached 6,000‑square‑foot building constructed in 2002
- Detached building has 12‑foot ceilings and heated space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,004
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,200,080
$6.2M
Cap Rate 7%
$4,428,629
$4.4M
Cap Rate 9%
$3,444,489
$3.4M
Market Conditions
NOI Build-Up for 23,500 SF
Gross rent
$380.7K $16.20/SF
− Vacancy
−$16.0K −$0.68/SF
EGI
$364.7K $15.52/SF
− OpEx
−$54.7K −$2.33/SF
NOI
$310.0K $13.19/SF
Area
Sherburne County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,200,080
Cap Rate 7%
$4,428,629
Cap Rate 9%
$3,444,489
Alternative Uses
Best Use
Warehouse
$4.43M
$3.88M – $5.17M
NOI $310,004 @ 7.0% cap · market cap 7.77%
Second Best
Retail
$4.13M
$3.62M – $4.82M
NOI $289,436 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$5.61M
$4.91M – $6.54M
NOI $392,463 @ 7.0% cap · market cap 9.84%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 56304, MN
17,020
Population
7,538
Households
2.3
Avg Household Size
34
Median Age
25%
College-Educated
87%
High-School Grad
60.7 sq mi
ZIP Area
280
Density / Sq Mi
$54,133
Median Household Income
$36,365
Median Earnings
$926
Median Rent
$230,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Automotive property - A signalized intersection, dedicated turn lanes and access near two major highways support convenient business access.
Where is this automotive property located?
The property is located at 1805 Highway 23 NE Saint Cloud, MN.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Nearly 10‑acre site; Detached 6,000‑square‑foot building constructed in 2002; Detached building has 12‑foot ceilings and heated space
