Flex Space with
For Sale
$1,940,000
2627 Clearwater Road, Saint Cloud, MN 56301
Commercial Sale, Saint Cloud, MN
Property Size22,321 SF
Lot Size1.29 Acres
Price / SF$86.91
Days on Market48
Property Features for 2627 Clearwater Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Parking Lot
Fencing
Chain Link
Subdivision
Clearwater Road Bus Park
High school district
St. Cloud
Directions
South on Clearwater Road.
Standard status
Active
APN
82457720581
Lot size
1.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
23136
Utilities
Heating system
Forced Air
Amenities
kitchen area
Building Details
Year built
2000
Roof type
Metal
Listing Agency:
Agency North Real Estate, Inc
(320) 774-3100
Listed By:
Wendy Hendricks · License #40438191
(320) 267-6373
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 12 at 1:06AM
MLS# 7134049
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 22,321-square-foot flex property combines 17,137 square feet of warehouse area with 2,130 square feet of office space. Warehouse features include one drive-in dock and one overhead door, with additional mezzanine storage and a kitchen area. The building was constructed in 2000 and has forced-air heating and a metal roof.
The property occupies 1.29 acres at 2627 Clearwater Road in Saint Cloud, Minnesota. A chain-link fence and parking lot are also part of the property, with 31 parking spaces on site.
The property occupies 1.29 acres at 2627 Clearwater Road in Saint Cloud, Minnesota. A chain-link fence and parking lot are also part of the property, with 31 parking spaces on site.
Key Highlights
- 22,321 square feet total, including 17,137 square feet of warehouse and 2,130 square feet of office space
- One drive‑in dock and one overhead door
- 31 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,397
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,987,940
$3.0M
Cap Rate 7%
$2,134,243
$2.1M
Cap Rate 9%
$1,659,967
$1.7M
Market Conditions
NOI Build-Up for 22,321 SF
Gross rent
$222.3K $9.96/SF
− Vacancy
−$8.9K −$0.40/SF
EGI
$213.4K $9.56/SF
− OpEx
−$64.0K −$2.87/SF
NOI
$149.4K $6.69/SF
Area
Stearns County, MN
Vacancy
4.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,987,940
Cap Rate 7%
$2,134,243
Cap Rate 9%
$1,659,967
Alternative Uses
Best Use
Flex RnD
$3.83M
$3.35M – $4.47M
NOI $268,075 @ 7.0% cap · market cap 13.82%
Second Best
Office B
$3.68M
$3.22M – $4.29M
NOI $257,347 @ 7.0% cap · market cap 13.27%
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,105 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Office, mezzanine storage, a kitchen area, and on-site parking support a range of business operations.
Where is this flex space located?
The property is located at 2627 Clearwater Road Saint Cloud, MN.
What is the asking price?
The asking price for this property is $1,940,000.
What are key features of this property?
This property features: 22,321 square feet total, including 17,137 square feet of warehouse and 2,130 square feet of office space; One drive‑in dock and one overhead door; 31 on‑site parking spaces
