1220 11th N St Sauk Rapids, MN 56379-2502
Property profile & analytics
1220 11th N St Sauk Rapids, MN 56379-2502
- Industrial properties
- 24,500 SF
Property ID
US46-1198676
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
- Caliber Collision / Auto Repair Shop
Property Details for 1220 11th N St
- Year built
- 1979
- Property size
- 24,500 SF
- Property type
- Industrial properties
- APN
- 19.02125.00
- APU
- 190212500
Description
This fee-simple industrial property in Sauk Rapids, Minnesota offers a compelling investment opportunity. The 24,500-square-foot warehouse is 100% occupied by Caliber Collision under a 15-year net lease (NN) commencing August 23, 2022, with 12.8 years remaining. The lease includes two 5-year renewal options, with 5% rent increases every five years during the initial term. The property boasts a strong 6.33% cap rate and a substantial net operating income (NOI) of $158,256. Located on a 1.6-acre lot at 1220 11th St N, Sauk Rapids, MN 56379, the property features 43 parking spaces and is zoned C-2: General Commercial. Built in 1979, the building has undergone over $1.5 million in tenant improvements. The property benefits from its location in a dense retail corridor near major thoroughfares and significant employers, including St. Cloud Hospital and St. Cloud Technical & Community College, serving a 5-mile trade area with over 98,000 residents and 69,000 employees. The average household income within this radius is $78,888. This is a low-management investment with a corporate guarantee from a nationally recognized brand, offering significant long-term value and stability. The asking price is $2,500,000, translating to $102.04 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,090,000
- ML approach
- $1,940,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,315,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sauk Rapids
- County
- Benton
- State
- Minnesota
- Longitude
- -94.1572
- Latitude
- 45.6021
- 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
$21,072
$171,400
$774,000
$945,400
-
$171,400
$774,000
$945,400
