Office Building with Rear
32 32nd Avenue S, Saint Cloud, MN 56301
For Sale
$720,000
Commercial Sale, Saint Cloud, MN
Property Size4,500 SF
Lot Size0.35 Acres
Price / SF$160
Days on Market121
Property Features for 32 32nd Avenue S
General Information
Property type
Property subtype
Zoning description
Rooms
Parking features
Accessibility
Subdivision
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
heated front walk
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
Premier Real Estate Services
Listed By:
Noel M. Johnson · License MN #20360894
(320) 259-4554
Added: Jul 15
Changed: Oct 23
Last Checked: Nov 12 at 9:06AM
MLS# 7110118
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.
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Investment Insights
Based on property information with market context.
The property includes a 4,500-square-foot professional office building and a 1,200-square-foot shop on a 0.348-acre parcel. The main building dates to 1976 and received an extensive interior and exterior renovation in 2013. Updates included windows, HVAC, entry doors, stucco, sidewalks, a heated front walk, parking lot work, and interior improvements. The property also has a basement, a parking lot, ramp access, forced-air heat, and central air and ductless cooling.
Several tenants have long-term occupancy, including the largest tenant, whose lease runs through January 2035. The site sits one-half block from Division Street (Hwy 23).
Several tenants have long-term occupancy, including the largest tenant, whose lease runs through January 2035. The site sits one-half block from Division Street (Hwy 23).
Key Highlights
- 4,500‑square‑foot professional building plus a 1,200‑square‑foot rear shop
- 0.348‑acre site with several long‑term tenants
- Largest tenant lease extends through January 2035
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,882
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,640
$1.0M
Cap Rate 7%
$741,171
$741.2K
Cap Rate 9%
$576,467
$576.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$72.4K $16.08/SF
− Vacancy
−$3.2K −$0.71/SF
EGI
$69.2K $15.37/SF
− OpEx
−$17.3K −$3.84/SF
NOI
$51.9K $11.53/SF
Area
Stearns County, MN
Vacancy
4.40%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,640
Cap Rate 7%
$741,171
Cap Rate 9%
$576,467
Alternative Uses
Best Use
Office B
$741.2K
$648.5K – $864.7K
NOI $51,882 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$985.3K
$862.1K – $1.15M
NOI $68,970 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,506
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Saint Cloud
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Long-term tenants occupy the professional building, with a separate shop positioned behind it.
Where is this office building located?
The property is located at 32 32nd Avenue S Saint Cloud, MN.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 4,500‑square‑foot professional building plus a 1,200‑square‑foot rear shop; 0.348‑acre site with several long‑term tenants; Largest tenant lease extends through January 2035
