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

400 Broadway Avenue N, Foley, MN 56329

Brick-and-steel construction and separately controlled heating and cooling serve a mix of occupied and vacant office suites.

Property Size3,168 SF
Price / SF$138.86
Days on Market4

Property Features for 400 Broadway Avenue N

General Information

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

Additional Details

Tenant in Place Yes
Property Use Professional Office

Taxes and HOA fees

Annual Taxes $9,505

Building Details

Year Built 1970
Buildings 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: Getyoumoved
Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 3:38PM

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

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Investment Insights

Based on property information with market context.

This 3,168-square-foot professional office building in Foley was constructed in 1970 with brick and steel. Zoned heating and cooling serve the office suites. Some spaces are vacant, while professional tenants occupy others; one lease extends through 2030. The property is zoned Business/Commercial.

The building sits at a commercial corner on Hwy 23 at 400 Broadway Avenue N. Its suite mix combines existing tenancy with space available for occupancy or leasing.

Key Highlights

  • 3,168‑square‑foot office building constructed in 1970
  • Brick‑and‑steel construction with zoned heating and cooling
  • Mix of occupied and vacant office suites

Property Analytics

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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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office building - Brick-and-steel construction and separately controlled heating and cooling serve a mix of occupied and vacant office suites.
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; Mix of occupied and vacant office suites
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