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Multi-Suite Professional Office Building
For Sale
$439,900

400 Broadway Avenue N, Foley, MN 56329

Brick-and-steel office property with occupied suites, available space, and zoning designated for business and commercial use.

Property Size3,168 SF
Price / SF$138.86
Days on Market212

Property Features for 400 Broadway Avenue N

General Information

Standard status Active
Size 3,168 SF
Property subtype Commercial
Zoning Business/Commercial

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $9,505

Building Details

Year Built 1970
Buildings 1
Stories 1
Units 10
Building Size 3,168 SF
Construction brick and steel
Tenancy Multi
Listing Agency: New Century Real Estate
Listed By: Timothy Schmidt
Source: Juverealestate
Added: Jan 22 Changed: Aug 21 Last Checked: Aug 22 at 12:51PM

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 New Century Real Estate

Investment Insights

Based on property information with market context.

Built in 1970, this 3,168-square-foot office building combines brick and steel construction with zoned heating and cooling. The property includes occupied professional office suites as well as vacant suites that can support additional leasing, tenant expansion, owner occupancy, or reconfiguration. Existing tenancy includes a lease extending through 2030.

The property is located at 400 Broadway Avenue N along Hwy 23 in Foley, with a zoning designation of Business/Commercial. Its office configuration is suited to professional service uses, including office, medical, counseling, legal, and related service operations, as identified in the property information. Available suites provide flexibility within the existing building layout.

Key Highlights

  • 3,168‑square‑foot office building constructed in 1970
  • Brick‑and‑steel construction with zoned heating and cooling
  • Occupied professional office suites include a lease extending through 2030

Property Analytics

Current Use

New Frontier Services, ... Marketing & Advertising Journey Through Mental ... Crisis Center

Suggested Use

Top Pick Real Estate Agency Plumbing Service Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

271
Businesses Nearby

Demographics for 56329, MN

7,615
Population
2,939
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
92%
High-School Grad
191.9 sq mi
ZIP Area
40
Density / Sq Mi
$89,728
Median Household Income
$46,776
Median Earnings
$1,032
Median Rent
$260,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Brick-and-steel office property with occupied suites, available space, and zoning designated for business and commercial use.
Where is this office building located?
The property is located at 400 Broadway Avenue N Foley, MN.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 3,168‑square‑foot office building constructed in 1970; Brick‑and‑steel construction with zoned heating and cooling; Occupied professional office suites include a lease extending through 2030
More about this property
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