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

Property Details for 700 14th S St

Year built

1969

Property size

43,680 SF

Zone code

R3

Property type

Residential income homes

Property subtype

Serviced apartments

APN

82.43883.0000

APU

82438830000

Description

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.

Location Insight

City

Saint Cloud

County

Stearns

State

Minnesota

Longitude

-94.1578

Latitude

45.5445

CBSA code

41060

CBSA name

ST. CLOUD, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments