Mixed-Use Property with
375 Orleans Street E, Stillwater, MN 55082
For Sale
$1,950,000
Four parcels combine office and medical space, rental housing, garages, and an additional buildable lot.
Property Size7,450 SF
Lot Size2.04 Acres
Price / SF$261.74
Days on Market166
Property Features for 375 Orleans Street E
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Tenancy
Owner Occupied
Listing Agency:
Coldwell Banker Realty
Listed By:
Richard Robins
(612) 961-7552
Source:
Harkerwoods
Added: May 29
Changed: Nov 9
Last Checked: Nov 9 at 4:39PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
The offering spans four parcels with a 7,450-square-foot office and medical building, a rented single-family home, a separate six-unit apartment building, and a vacant lot described as buildable. The apartment building includes five garages. The office and medical building is occupied by its owner.
The combined site measures 88,898 square feet. Zoning should be verified for both current and future uses.
The combined site measures 88,898 square feet. Zoning should be verified for both current and future uses.
Key Highlights
- Four parcels include buildings and a vacant lot described as buildable
- 7,450‑square‑foot office and medical building, currently owner‑occupied
- Separate six‑unit apartment building with 5 garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,343
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,860
$2.1M
Cap Rate 7%
$1,476,329
$1.5M
Cap Rate 9%
$1,148,256
$1.1M
Market Conditions
NOI Build-Up for 7,450 SF
Gross rent
$186.0K $24.96/SF
− Vacancy
−$48.2K −$6.46/SF
EGI
$137.8K $18.50/SF
− OpEx
−$34.4K −$4.62/SF
NOI
$103.3K $13.87/SF
Area
Washington County, MN
Vacancy
25.90%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,860
Cap Rate 7%
$1,476,329
Cap Rate 9%
$1,148,256
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,343 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $99,977 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,857 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
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Business Placement
Demographics for 55082, MN
36,441
Population
15,493
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
97%
High-School Grad
79.2 sq mi
ZIP Area
460
Density / Sq Mi
$117,538
Median Household Income
$58,615
Median Earnings
$1,439
Median Rent
$459,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four parcels combine office and medical space, rental housing, garages, and an additional buildable lot.
Where is this mixed-use property located?
The property is located at 375 Orleans Street E Stillwater, MN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Four parcels include buildings and a vacant lot described as buildable; 7,450‑square‑foot office and medical building, currently owner‑occupied; Separate six‑unit apartment building with 5 garages
