Remodeled Storefront
For Sale
Contact for pricing
32 32nd Ave S, Saint Cloud, MN 56301
Professional building with a rear shop, long-term tenants, and extensive interior and exterior improvements.
Property Size4,500 SF
Price / SF$160
Days on Market93
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Property Features for 32 32nd Ave S
General Information
Standard status
Active
Size
4,500 SF
Property subtype
RETAIL
Listing Agency:
Premier Real Estate Services
Listed By:
Noel Johnson · License #20360894
(320) 259-4554
Source:
Moodyscre
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 15 at 1:14AM
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 Premier Real Estate Services
Investment Insights
Based on property information with market context.
This storefront property includes a 4,500-square-foot professional building and a 1,200-square-foot shop situated behind it. The main building underwent an extensive interior and exterior remodel in 2013, with updates including windows, HVAC, sidewalks, a heated front walk, parking lot replacement, stucco, entry doors, and interior finishes.
The property is located one-half block off Division Street (Hwy 23) in St. Cloud, Minnesota. Several long-term tenants occupy the property, and the largest tenant has a lease through January 2035. The offering carries an 8% cap rate.
The property is located one-half block off Division Street (Hwy 23) in St. Cloud, Minnesota. Several long-term tenants occupy the property, and the largest tenant has a lease through January 2035. The offering carries an 8% cap rate.
Key Highlights
- 4,500‑square‑foot professional building plus a 1,200‑square‑foot rear shop
- Extensive interior and exterior remodel completed in 2013
- Largest tenant has a lease through January 2035
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,348
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,960
$1.2M
Cap Rate 7%
$862,114
$862.1K
Cap Rate 9%
$670,533
$670.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$90.2K $20.04/SF
− Vacancy
−$4.0K −$0.88/SF
EGI
$86.2K $19.16/SF
− OpEx
−$25.9K −$5.75/SF
NOI
$60.3K $13.41/SF
Area
Stearns County, MN
Vacancy
4.40%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,960
Cap Rate 7%
$862,114
Cap Rate 9%
$670,533
Alternative Uses
Best Use
Retail
$862.1K
$754.4K – $1.01M
NOI $60,348 @ 7.0% cap · market cap 8.38%
Second Best
Office B
$741.2K
$648.5K – $864.7K
NOI $51,882 @ 7.0% cap · market cap 7.21%
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,506
Businesses Nearby
Under-served
Demand for This Use
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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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Professional building with a rear shop, long-term tenants, and extensive interior and exterior improvements.
Where is this storefront property located?
The property is located at 32 32nd Ave 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; Extensive interior and exterior remodel completed in 2013; Largest tenant has a lease through January 2035
