701 Central Ave Saint Michael, MN 55376
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Prime Retail Space, Redevelopment Opportunity
Property size:
8,700 SFProperty Features for 701 Central Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 8,700 SF
- Lot Size
- 79,715 SF
Building Details
- Year Built
- 1980
- Buildings
- 1
- Stories
- 1
Listing Agency: Upland Real Estate Group Inc Listing Agent: Chad Sturm
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 8,700 square foot, single-story building, situated on a 1.83-acre lot, presents a unique investment opportunity in Saint Michael, Minnesota. Formerly a bank, this vacant property offers significant potential for redevelopment or repurposing as office space. The building, constructed in 1980, boasts a prime location on Central Avenue E, experiencing an average daily traffic count of 19,400 vehicles. Its strategic placement across from Cub Foods, the city's only grocery store, ensures high visibility and accessibility. The property benefits from a drive-thru opportunity and is situated within a thriving retail corridor, alongside established businesses such as CVS, Walgreens, Subway, Domino's, and O'Reilly Auto Parts. The area is experiencing robust commercial development, further enhancing the property's value. Its proximity to major employers like J&B's, Die Technology, Nanotech Precision, and New Plastics Plus, Inc., adds to its appeal. Conveniently located 25 minutes from downtown Minneapolis and 35 minutes from St. Cloud, this property offers exceptional access to a larger market. Saint Michael itself is a highly desirable location, ranked #3 best city to live in Minnesota, and benefits from the highly-rated St. Michael Public School District, ranked #16 in the state. The asking price is $1,950,000, translating to $224.14 per square foot. The property is offered as a NNN lease.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Banks
Location Insight
- Map
- Local Demand
- City
- Saint Michael
- County
- Wright
- State
- Minnesota
- Longitude
- -93.6510113
- Latitude
- 45.2096016
FAQs
What type of property is this?
Individual retail property - Prime Retail Space, Redevelopment Opportunity
Where is this individual retail property located?
The property is located at 701 Central Ave Saint Michael, MN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 8,700 SF single-story building on a 1.83-acre lot in Saint Michael, MN.; Former bank, vacant, ideal for redevelopment or office space.; Prime Central Avenue E location, 19,400 ADT, across from Cub Foods.