Two-Unit Mixed-Use
For Sale
Contact for pricing
20-26 32nd Ave S, Saint Cloud, MN 56301
Includes private office rooms, reception space, restroom facilities, basement storage, and an open retail area.
Property Size2,516 SF
Price / SF$119.20
Days on Market93
Property Features for 20-26 32nd Ave S
General Information
Standard status
Active
Size
2,516 SF
Total Parking Spaces
14
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Premier Real Estate Services
Listed By:
Noel Johnson · License #20360894
(320) 259-4554
Source:
Moodyscre
Added: Jul 15
Changed: Oct 14
Last Checked: Oct 15 at 1:33AM
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 Premier Real Estate Services
Investment Insights
Based on property information with market context.
This 2516-square-foot mixed-use building is arranged as two separate units behind a shared vestibule entry. The north unit includes two private offices, reception space, a restroom, and a full basement that provides storage and access to the rear parking area. The south unit features an open retail layout with entry points at both the front and rear of the building.
The property is located ½ block from Division Street, identified in the source information as Hwy23. The rear parking area includes 14 stalls. The existing office and retail configuration provides distinct spaces within one commercial building, with physical features suited to an owner-occupant or investor.
The property is located ½ block from Division Street, identified in the source information as Hwy23. The rear parking area includes 14 stalls. The existing office and retail configuration provides distinct spaces within one commercial building, with physical features suited to an owner-occupant or investor.
Key Highlights
- 2516 square feet of mixed‑use office and retail space
- Two separate units accessed through a shared vestibule entrance
- North unit includes 2 private offices, reception, restroom, and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,475
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,500
$509.5K
Cap Rate 7%
$363,929
$363.9K
Cap Rate 9%
$283,056
$283.1K
Market Conditions
NOI Build-Up for 2,516 SF
Gross rent
$45.3K $18.00/SF
− Vacancy
−$4.5K −$1.80/SF
EGI
$40.8K $16.20/SF
− OpEx
−$15.3K −$6.07/SF
NOI
$25.5K $10.13/SF
Area
Stearns County, MN
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,500
Cap Rate 7%
$363,929
Cap Rate 9%
$283,056
Alternative Uses
Best Use
Retail
$482.0K
$421.8K – $562.4K
NOI $33,741 @ 7.0% cap · market cap 11.25%
Second Best
Office B
$414.4K
$362.6K – $483.5K
NOI $29,008 @ 7.0% cap · market cap 9.67%
Theoretical Best
Office A
$550.9K
$482.0K – $642.7K
NOI $38,562 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 56301, MN
33,786
Population
13,511
Households
2.5
Avg Household Size
30
Median Age
32%
College-Educated
91%
High-School Grad
76.6 sq mi
ZIP Area
441
Density / Sq Mi
$69,725
Median Household Income
$29,226
Median Earnings
$1,103
Median Rent
$262,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes private office rooms, reception space, restroom facilities, basement storage, and an open retail area.
Where is this mixed-use property located?
The property is located at 20-26 32nd Ave S Saint Cloud, MN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2516 square feet of mixed‑use office and retail space; Two separate units accessed through a shared vestibule entrance; North unit includes 2 private offices, reception, restroom, and full basement
