Multi-Tenant Flex
For Sale
$1,075,000
30701 Pearl Drive, Saint Joseph, MN 56374
Commercial Sale, Saint Joseph, MN
Property Size11,068 SF
Lot Size1.58 Acres
Price / SF$97.13
Days on Market333
Property Features for 30701 Pearl Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial, Industrial
Parking features
Parking Lot
Subdivision
St Joseph Industrial Park Plat 4
High school district
St. Cloud
Directions
West on Co Rd 75, Right on Ridgewood Rd / Co Rd 134, Left on 304th St / Pearl Drive to property on Left
Standard status
Active
APN
84533000419
Lot size
1.58 Acres
Additional Details
Tenant in Place
Yes
Property Use
Light Industrial
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12960
Utilities
Sewer type
Private Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Well, Private
Building Details
Year built
2005
Roof type
Metal
Buildings
1
Listing Agency:
VoigtJohnson
Listed By:
Craig Hiltner
(320) 774-2400
Added: Dec 3, 2025
Changed: Oct 27
Last Checked: Nov 1 at 8:06PM
MLS# 6823069
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2005, this 11,068-square-foot flex building contains 988 square feet of office area and 10,080 square feet of warehouse and storage space. The office layout has four offices, a reception area, and a restroom. Warehouse amenities include three 12-by-14-foot overhead doors, three 8-by-10-foot dock doors, two restrooms, a mechanical room, 16-foot walls, and four suspended gas heaters.
The 1.5775-acre property has paved parking and room for expansion. The building is fully occupied under a modified gross lease, with utilities paid by the tenant. Heating is forced air, cooling is central air, and the roof is metal.
The 1.5775-acre property has paved parking and room for expansion. The building is fully occupied under a modified gross lease, with utilities paid by the tenant. Heating is forced air, cooling is central air, and the roof is metal.
Key Highlights
- 11,068 SF building on 1.5775 acres
- 988 SF of office space and 10,080 SF of warehouse/storage space
- Four offices, reception area, and restroom in the office section
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,954
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,799,080
$1.8M
Cap Rate 7%
$1,285,057
$1.3M
Cap Rate 9%
$999,489
$999.5K
Market Conditions
NOI Build-Up for 11,068 SF
Gross rent
$110.2K $9.96/SF
− Vacancy
−$4.4K −$0.40/SF
EGI
$105.8K $9.56/SF
− OpEx
−$15.9K −$1.43/SF
NOI
$90.0K $8.13/SF
Area
Stearns County, MN
Vacancy
4.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,799,080
Cap Rate 7%
$1,285,057
Cap Rate 9%
$999,489
Alternative Uses
Best Use
Flex RnD
$1.90M
$1.66M – $2.22M
NOI $132,926 @ 7.0% cap · market cap 12.37%
Second Best
Warehouse
$1.29M
$1.12M – $1.50M
NOI $89,954 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,635 @ 7.0% cap · market cap 15.78%
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
Open Analytics
Current Use
Lease Details
16 ft
Clear height
3
Dock-high doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56374, MN
9,943
Population
3,662
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
150
Density / Sq Mi
$78,415
Median Household Income
$36,851
Median Earnings
$1,134
Median Rent
$281,300
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?
Flex space - A leased flex property combines dedicated office space with a large warehouse and on-site loading.
Where is this flex space located?
The property is located at 30701 Pearl Drive Saint Joseph, MN.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 11,068 SF building on 1.5775 acres; 988 SF of office space and 10,080 SF of warehouse/storage space; Four offices, reception area, and restroom in the office section
