Retail Storefront on High-Traffic
4114 Division Street Waite Park, MN 56387
4114 Division Street, Waite Park, MN, 56387
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For Sale
Contact for pricing
La-Z-Boy storefront on Division Street with average traffic counts over 34,000 vehicles per day.
Property Size18,200 SF
Price / SF$318.52
Days on Market100
Property Features for 4114 Division Street
General Information
- Standard status
- Active
- Size
- 18,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agency
Upland Real Estate Group Inc
(612) 376-4475
Listed by
Keith Sturm · License #MN 81883
Source
Crexi
Added: Apr 15 Updated: Jul 22 at 2:40AM Checked: Jul 22 at 2:40AM
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 Upland Real Estate Group Inc
Investment Insights
Based on property information with market context.
This for-sale La-Z-Boy retail storefront is located along Division Street in St. Cloud, Minnesota. The site benefits from placement within a dense retail area and offers strong day-to-day exposure supported by average traffic counts exceeding 34,000 vehicles per day.
Crossroads Center is located just across Division Street, a retail center totaling approximately 890,000 square feet and featuring more than 100 retailers. The center is anchored by Macy’s, Scheels, Target, JCPenney, and DSW. Other nearby retailers include Walmart, Joann Fabric, Harbor Freight, Starbucks, Lund’s & Byerly’s, TJ Maxx, Costco, and CVS.
Crossroads Center is located just across Division Street, a retail center totaling approximately 890,000 square feet and featuring more than 100 retailers. The center is anchored by Macy’s, Scheels, Target, JCPenney, and DSW. Other nearby retailers include Walmart, Joann Fabric, Harbor Freight, Starbucks, Lund’s & Byerly’s, TJ Maxx, Costco, and CVS.
Key Highlights
- La‑Z‑Boy storefront on Division Street in St. Cloud, MN
- Average traffic counts over 34,000 vehicles per day along Division Street
- Crossroads Center directly across Division Street—890,000 SF retail center with 100+ retailers
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $364.7k | $20.04 |
| − Vacancy | −$16.0k | −$0.88 |
| EGI | $348.7k | $19.16 |
| − OpEx | −$104.6k | −$5.75 |
| NOI | $244.1k | $13.41 |
18,200 SF · lease $20.04/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.49M
$3.05M – $4.07M
NOI $244,076 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.49M – $4.65M
NOI $278,944 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - La-Z-Boy storefront on Division Street with average traffic counts over 34,000 vehicles per day.
Where is this retail space located?
The property is located at 4114 Division Street Waite Park, MN.
What is the asking price?
The asking price for this property is $5,797,037.
What are key features of this property?
This property features: La‑Z‑Boy storefront on Division Street in St. Cloud, MN; Average traffic counts over 34,000 vehicles per day along Division Street; Crossroads Center directly across Division Street—890,000 SF retail center with 100+ retailers
