700 14th S St Saint Cloud, MN 56301-6114

This exceptional 4.06-acre commercial land parcel, located at 700 14th Street South in Saint Cloud, Minnesota (zip code 56301), presents a unique investment opportunity. Priced at $2,130,000, this property is classified as Special Purpose Land and offers significant potential for development. The property is conveniently accessible, with directions provided as follows: From 9th Avenue South in St. Cloud, proceed east on 14th Street to the property. The land itself is currently unimproved, with zero square footage of existing structures and zero units. A key feature of this investment is its fractional ownership stake: it represents a 23.91% ownership interest in a portfolio of 300 professionally managed apartment units. These units are income-based, accepting Section 8 and HRA vouchers. The apartment portfolio is spread across three campuses situated in St. Cloud, Little Falls, and Milaca, Minnesota. Detailed information regarding the apartment portfolio is available in supplemental materials. This offering presents a compelling blend of land acquisition and established income-generating assets, making it an attractive opportunity for discerning investors. The property's location in Stearns County, Minnesota, offers access to a growing market and established infrastructure.