1120 38th NE Ave Sauk Rapids, MN 56379-9672
Property profile & analytics
1120 38th NE Ave Sauk Rapids, MN 56379-9672
- Industrial properties
- 190,057 SF
- 2.45 lot acres
Property ID
US46-1419563
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.
Location Intelligence
Current Use by Public Records
- Thermo-Tech Premium Windows & Doors / Hardware & Home Improvement / Interior Design
Property Details for 1120 38th NE Ave
- Year built
- 1977
- Lot size
- 2.45 lot acres
- Property size
- 190,057 SF
- Property type
- Industrial properties
- APN
- 09.01162.00
- APU
- 90116200
Description
This exceptional industrial investment opportunity in Sauk Rapids, Minnesota, presents a compelling offering with a strong 8.00% capitalization rate. The property, encompassing 196,627 square feet across two single-story buildings, sits on a 15.1-acre lot. Built between 1993 and 2018, the property features 24 dock-high doors, catering to efficient distribution and manufacturing operations. The property is currently occupied by a leading regional vinyl window and door manufacturer, Thermo-Tech Premium Windows and Doors, a subsidiary of Cornerstone Building Brands, Inc. (NYSE: CNR). This tenant has a long-standing history at the location, having occupied the space since 1997 and undergone four expansions. The current lease, a triple-net (NNN) lease, extends to August 2032, providing a secure, long-term income stream of $836,253 in net operating income (NOI). The asking price for this exceptional investment is $10,450,000. The property is conveniently located within the St. Cloud Metropolitan Statistical Area, boasting a population of 201,000. Parcel numbers are Parcel 1: 09.01162.00 and Parcel 2: 09.01156.00. This is a rare opportunity to acquire a high-performing industrial asset with a secure, long-term tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,035,000
- ML approach
- $7,625,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,601,000
Market price range: $4.60M - $12.2M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $8,050,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sauk Rapids
- County
- Benton
- State
- Minnesota
- Longitude
- -94.0832
- Latitude
- 45.5848
- CBSA code
- 41060
- CBSA name
- ST. CLOUD, MN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$75,586
$566,500
$3,167,900
$3,734,400
-
$566,500
$3,167,900
$3,734,400
