Industrial Owner-User with Leased
For Sale
Contact for pricing
585 1st Street Southeast, Saint Cloud, MN 56304
Two adjoining industrial buildings offer one vacant renovated space and one fully leased property under three-year terms.
Property Size22,100 SF
Lot Size1.02 Acres
Price / SF$63.35
Days on Market89
Property Features for 585 1st Street Southeast
General Information
Standard status
Active
Size
22,100 SF
Class
B
Total Parking Spaces
16
Lot size
1.02 Acres
Property subtype
Office, Industrial
Zoning
I2 General Industrial, City of Saint Cloud
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
3
Drive-In Doors
3
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1961
Year Renovated
2026
Buildings
2
Units
3
Tenancy
Multi
Listing Agency:
Financially Free LLC
Listed By:
Amanda Matajira · License #40649899
Source:
Crexi
Added: Jul 9
Changed: Sep 30
Last Checked: Oct 4 at 10:11AM
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 Financially Free LLC
Investment Insights
Based on property information with market context.
Own an industrial property package with two adjoining parcels totaling 22,100 SF on 1.02 acres. The 585 building is fully vacant and was renovated in 2025–2026, offering 6,340 SF with a 16' clear height, a 14' drive-in door, a 10' dock door, a new three-phase electrical panel, new Reznor gas heaters, new insulation, and new LED lighting. The building also includes a private bathroom, floor finishes with dedicated parking for 12 vehicles.
The 607 building next door is 100% leased to two tenants with three-year terms and contractual rent escalations. Combined, the property includes three dock doors and three drive-in doors, with updated ramps and doors in 2023. Power includes three-phase service on three 200-amp panels. Roof improvements include a new 60-mil EPDM roof on 607 (2023) and a recoated metal roof on 585 (2023), along with floor drains and sprinklers in 607.
Both parcels are zoned I-2 General Industrial by the City of Saint Cloud. The listing is sold as a package, with both PIDs required to convey together, and showings are by appointment only.
The 607 building next door is 100% leased to two tenants with three-year terms and contractual rent escalations. Combined, the property includes three dock doors and three drive-in doors, with updated ramps and doors in 2023. Power includes three-phase service on three 200-amp panels. Roof improvements include a new 60-mil EPDM roof on 607 (2023) and a recoated metal roof on 585 (2023), along with floor drains and sprinklers in 607.
Both parcels are zoned I-2 General Industrial by the City of Saint Cloud. The listing is sold as a package, with both PIDs required to convey together, and showings are by appointment only.
Key Highlights
- Package of two adjoining industrial buildings totaling 22,100 SF on 1.02 acres (PIDs 17.00186.00 and 17.01143.00; sold together only).
- 585 1st St SE: fully vacant, freshly renovated 2025–2026 with 6,340 SF, 16' clear height, 14' drive‑in door, and 10' dock door.
- 585 updates include new three‑phase electrical panel, new Reznor gas heaters, new insulation, new LED lighting, private bathroom, and 12 dedicated parking spaces.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
3
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56304, MN
17,020
Population
7,538
Households
2.3
Avg Household Size
34
Median Age
25%
College-Educated
87%
High-School Grad
60.7 sq mi
ZIP Area
280
Density / Sq Mi
$54,133
Median Household Income
$36,365
Median Earnings
$926
Median Rent
$230,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two adjoining industrial buildings offer one vacant renovated space and one fully leased property under three-year terms.
Where is this warehouse located?
The property is located at 585 1st Street Southeast Saint Cloud, MN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Package of two adjoining industrial buildings totaling 22,100 SF on 1.02 acres (PIDs 17.00186.00 and 17.01143.00; sold together only).; 585 1st St SE: fully vacant, freshly renovated 2025–2026 with 6,340 SF, 16' clear height, 14' drive‑in door, and 10' dock door.; 585 updates include new three‑phase electrical panel, new Reznor gas heaters, new insulation, new LED lighting, private bathroom, and 12 dedicated parking spaces.
