Heated Flex Space with Storage
For Sale
$109,900
431 37th Ave N, Saint Cloud, MN 56303
Heated office and warehouse building with two additional storage sheds.
Property Size912 SF
Price / SF$120.50
Days on Market48
Property Features for 431 37th Ave N
General Information
Standard status
Active
Size
912 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1950
Buildings
3
Listing Agency:
Premier Real Estate Services
Listed By:
Douglas A. Seanger
(320) 980-5999
Source:
Searchhousesnow
Added: Sep 6
Changed: Oct 7
Last Checked: Oct 7 at 12:59PM
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
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Investment Insights
Based on property information with market context.
This 1950 flex property combines office, warehouse, and supplemental storage components. The main building includes a large office, a smaller office, one bathroom, and warehouse space heated by a forced-air gas furnace. Two separate storage sheds provide additional enclosed storage beyond the primary structure.
The property is located at 431 37th Ave N in Saint Cloud, with access near 3rd Street North and Highway 15. Its combination of workspace, warehouse area, heating, and detached storage supports a range of small-scale commercial storage and operating needs.
The property is located at 431 37th Ave N in Saint Cloud, with access near 3rd Street North and Highway 15. Its combination of workspace, warehouse area, heating, and detached storage supports a range of small-scale commercial storage and operating needs.
Key Highlights
- 1950‑built flex property with office and warehouse areas
- Main structure has one large office, one small office, and a bathroom
- Forced‑air gas furnace provides heat for the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,908
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,160
$198.2K
Cap Rate 7%
$141,543
$141.5K
Cap Rate 9%
$110,089
$110.1K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$14.8K $16.20/SF
− Vacancy
−$621 −$0.68/SF
EGI
$14.2K $15.52/SF
− OpEx
−$4.2K −$4.66/SF
NOI
$9.9K $10.86/SF
Area
Sherburne County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,160
Cap Rate 7%
$141,543
Cap Rate 9%
$110,089
Alternative Uses
Best Use
Flex RnD
$176.7K
$154.6K – $206.1K
NOI $12,367 @ 7.0% cap · market cap 11.25%
Second Best
Warehouse
$171.9K
$150.4K – $200.5K
NOI $12,031 @ 7.0% cap · market cap 10.95%
Theoretical Best
Office A
$217.6K
$190.4K – $253.9K
NOI $15,231 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56303, MN
27,305
Population
11,760
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
93%
High-School Grad
11.0 sq mi
ZIP Area
2,482
Density / Sq Mi
$66,789
Median Household Income
$39,167
Median Earnings
$1,001
Median Rent
$197,900
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
Similar Off Market Nearby
- Custom Catering by Short Stop — 3701 3rd St N, St Cloud, MN 56303
Frequently Asked Questions
What type of property is this?
Flex space - Heated office and warehouse building with two additional storage sheds.
Where is this flex space located?
The property is located at 431 37th Ave N Saint Cloud, MN.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: 1950‑built flex property with office and warehouse areas; Main structure has one large office, one small office, and a bathroom; Forced‑air gas furnace provides heat for the main building
