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    Property profile & analytics

    3243 County Rd 74 St. Cloud, MN 56301

    • Commercial real estate
    For Sale
    View listing
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1944614
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3243 County Rd 74

    Property type
    Commercial real estate

    Description

    This exceptional 4,255-square-foot restaurant space presents a rare opportunity in Chicago's vibrant Rogers Park neighborhood. Situated on the Sheridan Road corridor, a bustling area with over 22,000 vehicles per day, this property boasts high visibility and convenient access to public transportation, including the CTA Morse Red Line station. The location is just four blocks north of Loyola University and one block from Loyola Beach, benefiting from a dense population of 69,307 within a one-mile radius and a daytime population of 58,192. The property itself is fully operational, featuring two fully equipped kitchens with hoods and fire suppression systems, a built-out bar area, two ADA-compliant bathrooms, and ample natural light. Additional features include a private dining room, highly visible blade signage opportunities, and easy alley access for deliveries. This versatile space is ideal for a restaurant, retail establishment, or a hybrid concept, offering a unique blend of established infrastructure and prime location within a thriving commercial district. The surrounding area includes a strong mix of national brands such as Target, CVS, Starbucks, and Hampton Inn, alongside popular local businesses. This is a truly exceptional opportunity to establish a successful business in a high-demand location.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Cloud
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2197906
    Latitude
    45.5167232

    Comparable in this City

    • $2,333,750
      93.35 Acres

      Prime Stearns County Land

      93 Acres, I-94 Access, Development Ready
      0 Co Rd 7, St. Cloud, MN 56301
      View Details
    • $1,400,000
      1.60 Acres

      Prime St. Cloud Retail Land

      1.6-acre commercial lot, $1.4M
      2nd Ave, St. Cloud, MN 56301
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    • $2,333,750
      93.35 Acres

      Saint Augusta Commercial Land

      Prime 93-acre development site near I-94
      0 County Rd 7, St. Cloud, MN 56301
      View Details
    • $1,950,000
      5.27 Acres

      St. Cloud Development Opportunity

      5.2-acre commercial/mixed-use and multi-family development site in St. Cloud.
      4119 33Rd St S, Saint Cloud, MN 56301
      View Details
    • $163,350

      Commercial Lots in Sartell Market

      Commercial lots for sale in a growing Sartell market.
      147 14Th Ave S, Saint Cloud, MN 56301
      View Details
    • $49,900
      0.30 Acres

      Residential Lot in Saint Cloud

      Residential lot in a convenient Saint Cloud location.
      1921 38Th St S, Saint Cloud, MN 56301
      View Details

    Similar Nearby for Sale

    • $2,333,750
      93.35 Acres

      Prime Stearns County Land

      93 Acres, I-94 Access, Development Ready
      0 Co Rd 7, St. Cloud, MN 56301
      View Details
    • $1,400,000
      1.60 Acres

      Prime St. Cloud Retail Land

      1.6-acre commercial lot, $1.4M
      2nd Ave, St. Cloud, MN 56301
      View Details
    • $2,333,750
      93.35 Acres

      Saint Augusta Commercial Land

      Prime 93-acre development site near I-94
      0 County Rd 7, St. Cloud, MN 56301
      View Details
    • $1,950,000
      5.27 Acres

      St. Cloud Development Opportunity

      5.2-acre commercial/mixed-use and multi-family development site in St. Cloud.
      4119 33Rd St S, Saint Cloud, MN 56301
      View Details
    • $163,350

      Commercial Lots in Sartell Market

      Commercial lots for sale in a growing Sartell market.
      147 14Th Ave S, Saint Cloud, MN 56301
      View Details
    • $49,900
      0.30 Acres

      Residential Lot in Saint Cloud

      Residential lot in a convenient Saint Cloud location.
      1921 38Th St S, Saint Cloud, MN 56301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,048 SF

      Division Street Plaza: Retail Opportunity

      Prime Retail Plaza, 20,048 SF Available
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      162,500 SF

      Interstate Business Center: St. Cloud Flex Space

      Modern Flex Space, St. Cloud, MN. 97,500 SF Available.
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      Germain Plaza Executive Office Space

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    • $13 SF/Yr
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      St. Cloud Office Space Available

      Professional office space in South Central St. Cloud for lease.
      600 S 25Th Ave, Saint Cloud, MN 56301
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    • $12 SF/Yr
      60,532 SF

      Premier Class A Office Building

      Class A office building with modern amenities in St. Cloud.
      1010 W Saint Germain St, Saint Cloud, MN 56301
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    • $12 SF/Yr
      26,576 SF

      Modern Office Space Available

      Class B+ office space in St. Cloud's business corridor.
      3051 2Nd St S, Saint Cloud, MN 56301
      View Details
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    3243 County Rd 74
    St. Cloud, MN 56301
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
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