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    11 Cherry St Waite Park, MN 56387

    Sponsored
    For Sale
    $297,000

    Prime Commercial Lot, Across from Scheels

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.29-acre commercial lot, located at 11 Cherry Street in Waite Park, Minnesota, presents a unique investment opportunity. Situated directly across from Scheels in the Saint Cloud Mall, this property boasts a highly visible and desirable location with excellent access from Division Street and Waite Avenue North. The property is currently designated as special purpose land and offers significant potential for various commercial ventures. The existing structure, a five-bedroom, two-bathroom rambler with a large fenced yard, could be repurposed for a daycare, rental property, or converted into a multi-family apartment building with some renovations. The asking price for this property is $297,000. This is a rare chance to acquire a strategically located commercial lot in a thriving retail area. The property's proximity to Scheels and the Saint Cloud Mall ensures high foot traffic and visibility, making it an ideal location for a variety of businesses. Furthermore, the availability of adjacent properties provides an opportunity to expand the commercial space and accommodate ample parking, catering to the needs of larger businesses. This property is ready for your vision and offers significant potential for growth and return on investment. The property's address is easily identifiable by a sign located at the corner of Division Street and Cherry Street. The zip code is 56387, and the property is located in Stearns County.

    Property Features for 11 Cherry St

    General Information

    Property type
    Land
    Lot Size
    12,632 SF

    HighLights

    • 0.29‑acre commercial lot at 11 Cherry Street, Waite Park, MN 56387 (Stearns County).
    • High‑visibility location across from Scheels in Saint Cloud Mall, excellent access from Division Street and Waite Avenue North.
    • Currently designated special purpose land, suitable for various commercial uses.
    • Existing five‑bedroom, two‑bathroom rambler offers repurposing potential (daycare, rental, multi‑family).
    • Asking price: $297,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2142437
    Latitude
    45.5571821

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, Across from Scheels
    Where is this land located?
    The property is located at 11 Cherry St Waite Park, MN.
    What is the asking price?
    The asking price for this property is $297,000.
    What are key features of this property?
    This property features: 0.29-acre commercial lot at 11 Cherry Street, Waite Park, MN 56387 (Stearns County).; High-visibility location across from Scheels in Saint Cloud Mall, excellent access from Division Street and Waite Avenue North.; Currently designated special purpose land, suitable for various commercial uses.
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    11 Cherry St Waite Park, MN 56387
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 Cherry St Waite Park, MN 56387
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