Two-Suite Mixed-Use
New
For Sale
$849,900
304 1st Avenue E, Sartell, MN 56377
Business/commercial zoning and three-phase wiring support a range of commercial operations.
Property Size6,000 SF
Price / SF$141.65
Days on Market3
Property Features for 304 1st Avenue E
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Zoning
Business/Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Three-Phase Power
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$7,798
Building Details
Building Size
6,000 SF
Year Built
1980
Buildings
1
Units
2
Construction
steel frame and brick
Listing Agency:
RES Realty
Listed By:
Ross Burau
(320) 224-2993
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:15PM
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 RES Realty
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Investment Insights
Based on property information with market context.
This 6,000-square-foot mixed-use building in Sartell contains two suites within a steel-frame and brick structure. The upper suite has four offices, a shared common area, and separate men’s and women’s restrooms. The lower suite is partly finished, includes its own men’s and women’s restrooms, and is currently used for screen printing apparel. The building was constructed in 1980, received a new roof in 2018, and has solar panels installed in July 2021.
The property is on Benton Drive, with access to Hwy 10 and Hwy 15. On-site parking spans two parcels, identified as 180017000 and 180017100. Three-phase electrical service is in place, and the site’s parking area offers room for future expansion.
The property is on Benton Drive, with access to Hwy 10 and Hwy 15. On-site parking spans two parcels, identified as 180017000 and 180017100. Three-phase electrical service is in place, and the site’s parking area offers room for future expansion.
Key Highlights
- Two suites in a 6,000‑square‑foot steel‑frame and brick building
- Upper suite includes four offices, a common area, and men’s and women’s restrooms
- Partly finished lower suite used for screen printing apparel, with men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,060
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,200
$1.4M
Cap Rate 7%
$1,029,429
$1.0M
Cap Rate 9%
$800,667
$800.7K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$120.2K $20.04/SF
− Vacancy
−$9.4K −$1.56/SF
EGI
$110.9K $18.48/SF
− OpEx
−$38.8K −$6.47/SF
NOI
$72.1K $12.01/SF
Area
Stearns County, MN
Vacancy
7.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,200
Cap Rate 7%
$1,029,429
Cap Rate 9%
$800,667
Alternative Uses
Best Use
Flex RnD
$1.03M
$900.8K – $1.20M
NOI $72,060 @ 7.0% cap · market cap 8.48%
Second Best
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,960 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 56377, MN
21,013
Population
8,239
Households
2.6
Avg Household Size
36
Median Age
40%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
938
Density / Sq Mi
$82,583
Median Household Income
$49,436
Median Earnings
$1,196
Median Rent
$282,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Business/commercial zoning and three-phase wiring support a range of commercial operations.
Where is this mixed-use property located?
The property is located at 304 1st Avenue E Sartell, MN.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two suites in a 6,000‑square‑foot steel‑frame and brick building; Upper suite includes four offices, a common area, and men’s and women’s restrooms; Partly finished lower suite used for screen printing apparel, with men’s and women’s restrooms
