Auto Service Properties with Vacant
625 E Saint Germain Street, Saint Cloud, MN 56304
For Sale
$899,900
Six parcels include two operating auto service buildings, three contiguous vacant lots and a parcel zoned for multifamily residential use.
Property Size4,006 SF
Price / SF$224.64
Days on Market172
Property Features for 625 E Saint Germain Street
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Road Access
Land Use
Automotive Uses
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Premier Real Estate Services
(320) 259-4554
Listed By:
Douglas A. Seanger · License MN #20211992
(320) 980-5999
Source:
Kerbercastle
Added: May 26
Changed: Nov 12
Last Checked: Nov 13 at 2:32AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-parcel auto shop offering includes two buildings that are currently operating as auto service businesses. The buildings measure 4,006 square feet and 2,040 square feet; the larger building was built in 1973. Zoning designations across the property include Business/Commercial, Industrial and Residential-Multi-Family.
The parcels front both East St. Germain Street and Lincoln Avenue. Three vacant parcels are contiguous, while a sixth parcel is zoned for residential use.
The parcels front both East St. Germain Street and Lincoln Avenue. Three vacant parcels are contiguous, while a sixth parcel is zoned for residential use.
Key Highlights
- Two operating auto service buildings: 4,006 square feet and 2,040 square feet
- Six parcels front East St. Germain Street and Lincoln Avenue
- Three contiguous vacant parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,246
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,920
$964.9K
Cap Rate 7%
$689,229
$689.2K
Cap Rate 9%
$536,067
$536.1K
Market Conditions
NOI Build-Up for 4,006 SF
Gross rent
$74.5K $18.60/SF
− Vacancy
−$5.6K −$1.40/SF
EGI
$68.9K $17.21/SF
− OpEx
−$20.7K −$5.16/SF
NOI
$48.2K $12.04/SF
Area
Sherburne County, MN
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,920
Cap Rate 7%
$689,229
Cap Rate 9%
$536,067
Alternative Uses
Best Use
Retail
$689.2K
$603.1K – $804.1K
NOI $48,246 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$621.7K
$544.0K – $725.3K
NOI $43,520 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$955.7K
$836.3K – $1.12M
NOI $66,902 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
198k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 39%
Apparel 14%
Shops & Services 7%
Target
Superstores
76,918 visits/mo
0.2 miles
Runnings
Apparel
27,967 visits/mo
0.4 miles
McDonald's
Dining
22,433 visits/mo
0.3 miles
Taco Bell
Dining
13,909 visits/mo
0.2 miles
Arby's
Dining
12,105 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Steve's Bug Clinic — 612 11th Ave SE, St Cloud, MN 56304
- Pomp's Tire Service — 535 US-10, St Cloud, MN 56304
- Glen's Precision Auto — 606 1st St SE, St Cloud, MN 56304
- Falcon Auto LLC — 104 Lincoln Ave SE, St Cloud, MN 56304
- ALCOLOCK Ignition Interlock — 606 1st st se, st cloud, mn 56304
Frequently Asked Questions
What type of property is this?
Auto shop - Six parcels include two operating auto service buildings, three contiguous vacant lots and a parcel zoned for multifamily residential use.
Where is this auto shop located?
The property is located at 625 E Saint Germain Street Saint Cloud, MN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two operating auto service buildings: 4,006 square feet and 2,040 square feet; Six parcels front East St. Germain Street and Lincoln Avenue; Three contiguous vacant parcels
