$2,925,000
Saint Cloud, MN 56303
MLS# 6227914
Status: Closed
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Property Description
Here is the investment opportunity you have been waiting for! It is a well maintained professional medical office building with long term, stable tenants in place. It is close to full occupancy, with 2100 additional unfinished sq ft of storage space also available that could be renovated for office use. An additional 1.44 acre adjacent lot is also available for expansion needs if desired. This prime building is conveniently located on Northway Drive near the St. Cloud Hospital, Whitney Park, the YMCA/Aquatic Center and Whitney Senior Center in St Cloud's medical arts area. Current leases offer a 7.5% CAP rate.
Details
Maps
Contract Information
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
Availability: Available
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2023-05-01
Current Price: $2,925,000
Closed Date: 2023-05-01
Sales Close Price: 2925000
Original List Price: 2900000
Contingency: None
ListPrice: 2900000
List Date: 2022-06-29
Office/Member Info
Association: SCAAR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: Yes
Year Built: 1996
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 147x245
Acres: 0.77
Foundation Size: 9250
Lot Size SqFt: 33541.2
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Map Page: 226
Municipality: Saint Cloud
Rental License?: No
School District: St. Cloud
School District Phone: 320-253-9333
Map Coordinate Source: King's Street Atlas
Zip Plus 4: 1262
Property ID Number: tbd
Tax Year: 2022
Tax Amount: 51000
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Here is the investment opportunity you have been waiting for! It is a well maintained professional medical office building with long term, stable tenants in place. It is close to full occupancy, with 2100 additional unfinished sq ft of storage space also available that could be renovated for office use. An additional 1.44 acre adjacent lot is also available for expansion needs if desired. This prime building is conveniently located on Northway Drive near the St. Cloud Hospital, Whitney Park, the YMCA/Aquatic Center and Whitney Senior Center in St Cloud's medical arts area. Current leases offer a 7.5% CAP rate.
Directions: North on Hwy 15. Right on 12th Street N with turns into Northway Drive. Building on the left.
Accessible
Accessible Elevator Installed: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 51000
Building Information
Building Finished SqFt: 16400
Building SqFt: 18500
Construction Status
Previously Owned: 1
Exterior
Stucco: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Monthly Land Lease Amt: 0
Miscellaneous Information
FIPS Code: 27145
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Public Survey Info
Range#: 28
Section#: 3
Township#: 124
Road Frontage
City Street: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
One: 1
Unit Details
Total Units: 1
Water
City Water/Connected: 1
On Site Utilities
Heating Separate: 1
CMU Style
Office: 1
Current Use
Office: 1
Location Tax and Other Information
House Number: 1511
Street Name: Northway
Street Suffix: Drive
Postal City: Saint Cloud
County: Stearns
State: MN
Zip Code: 56303
Complex/Dev/Subdivision: Northway 06
Property Features
Accessible: Accessible Elevator Installed
CMU Style: Office
Construction Status: Previously Owned
Current Use: Office
Exterior: Stucco
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Heating Separate
Parking Characteristics: Paved Lot
Road Frontage: City Street
Sewer: City Sewer/Connected
Stories: One
Water: City Water/Connected
Listing Office: Agency North Real Estate, Inc
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.