Property profile

0 Hwy 23 & Quail Rd Waite Park, MN 56387

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional offering presents two contiguous land parcels totaling over 24 acres, ideally situated along Highway 23, approximately five miles east of St. Cloud, Minnesota, in Waite Park (zip code 56378). Boasting high visibility and significant daily traffic counts of approximately 15,000 vehicles, this prime location is surrounded by established businesses including Arnold's Implement, Mimbach Fleet Supply, Midwest Machinery, a Harley Davidson dealership, and Rollies Bar and Restaurant, among other retail and industrial enterprises. Parcel A encompasses 8.15+/- acres, east of Arnold's Implement, with preliminary subdivision approval from the City of St. Cloud and Minden Township for a 4.5+/- acre parcel on Highway 23 and a 3.65+/- acre parcel on Quail Road NE. Parcel B, adjacent to Mimbach Fleet Supply, comprises 15.15+/- acres and also has preliminary subdivision approval for two parcels: a 5.8+/- acre parcel on Highway 23 and a 9.35+/- acre parcel on Quail Road NE. Both parcels are currently zoned agricultural but are guided for commercial/industrial zoning (subject to city approval). Level and open, these parcels are essentially shovel-ready. All acreage measurements are preliminary and require survey verification. The City of St. Cloud and Minden Township are actively supportive of development on these sites. Pricing is $2.00/SF for Quail Road land and $3.00/SF for Highway 23 land.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hwy 23 & Quail Rd Waite Park, MN 56387
Waite Park metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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