Mixed-Use Building with Solar
For Sale
$849,900
304 1st Avenue E, Sartell, MN 56377
Two suites provide office and apparel-printing space, supported by three-phase electrical service and on-site parking.
Property Size6,000 SF
Price / SF$141.65
Days on Market78
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
Office Units
2
Taxes and HOA fees
Annual Taxes
$7,798
Building Details
Building Size
6,000 SF
Year Built
1980
Buildings
1
Stories
2
Units
2
Construction
steel frame and brick
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
RES Realty
(952) 898-5760
Listed By:
Ross Burau
(320) 224-2993
Source:
Juverealestate
Added: Jul 25
Changed: Oct 10
Last Checked: Aug 19 at 6:08AM
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
Investment Insights
Based on property information with market context.
Built in 1980, this steel-frame and brick property is arranged as two suites. The upper suite includes four offices, a shared area, and separate men’s and women’s bathrooms. The lower suite is partially finished and currently used for screen-printing apparel; it also has men’s and women’s bathrooms. Three-phase wiring supports larger electrical equipment, and solar panels were installed in July 2021. The roof was replaced in 2018.
The property is in Sartell, with access to Hwy 10 and Hwy 15. On-site parking is provided across two parcels, identified as 180017000 and 180017100. The existing two-suite layout accommodates office and apparel-printing uses, with parking and electrical service among the property’s additional features.
The property is in Sartell, with access to Hwy 10 and Hwy 15. On-site parking is provided across two parcels, identified as 180017000 and 180017100. The existing two-suite layout accommodates office and apparel-printing uses, with parking and electrical service among the property’s additional features.
Key Highlights
- Two‑suite building with steel‑frame and brick construction
- Upper suite has 4 offices, a common area, and men’s and women’s bathrooms
- Partially finished lower suite used for screen‑printing apparel, with men’s and women’s bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,750
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,000
$1.2M
Cap Rate 7%
$867,857
$867.9K
Cap Rate 9%
$675,000
$675.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$10.8K −$1.80/SF
EGI
$97.2K $16.20/SF
− OpEx
−$36.5K −$6.07/SF
NOI
$60.8K $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%
$1,215,000
Cap Rate 7%
$867,857
Cap Rate 9%
$675,000
Alternative Uses
Best Use
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 7.15%
Second Best
Industrial
$573.7K
$502.0K – $669.3K
NOI $40,159 @ 7.0% cap · market cap 4.73%
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.
Property Analytics
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Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two suites provide office and apparel-printing space, supported by three-phase electrical service and on-site parking.
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‑suite building with steel‑frame and brick construction; Upper suite has 4 offices, a common area, and men’s and women’s bathrooms; Partially finished lower suite used for screen‑printing apparel, with men’s and women’s bathrooms
