St Cloud, MN Office Property For Sale

Three contiguous office condos for sale in St. Cloud, MN. Property is conveniently located approximately 2 miles from Highway 15 and only 1/2 a mile from the St. Cloud Hospital. Numerous professional businesses are located in this Northway Business Center. Building is located close to the new St. Cloud YMCA, Eye Surgeons & Physicians, Whitney Senior Center, Centracare Northway Plaza, and Technical Community College. Total square footage available is approximately 3,550 square and currently setup as a dental clinic including a large reception area, two operatories, lab, private dental rooms, and back office. Condos could be converted into an office layout with reception area, private offices, and open work stations.

The Historic Daniel Building in Downtown St Cloud is located across from Stearns County Courthouse and within walking distance to restaurants, shopping, River's Edge Convention Center. Excellent opportunity to be part of the vibrant downtown business community! Also available for lease at $14.00/SF NNN. Several office spaces available. Varying SF available and offices can be divided.

Inventure Real Estate is proud to represent the Historic Lahr Block Building located in Downtown Saint Cloud, MN. Featuring a deep history within the City of St Cloud, the building has been well maintained from a previous long-term tenant and building ownership. The building also underwent a full roof replacement in 2020. First floor has historically been two different retail tenants, but has most recently supported GeoComm throughout the entire building as an office user. The Lahr Block is a truly unique property that boasts classic historic charm while also featuring many structural upgrades throughout the years such as: elevator that serves all three floors, security system with video surveillance, and a complete lunch room & kitchen.

Property Highlights:

• Located just two blocks north of Highway 23 which has a traffic

count of 33,000 vehicles per day

• First floor that could support owner visions such as retail, office, co-

working, or could be split up to multiple tenants and serve as a

sensible investment opportunity

• Versatile second floor currently comprised of various sizes of office

spaces as well as boardrooms

• Fully renovated lower level that features its own entrance from street

level

• An integral building in St Cloud's Commercial Historic District

• Located one block west of River's Edge Convention Center

• Centrally located across the street from The Lofts within St Cloud's

vibrant Downtown community

• Current tenant lease runs through May 2023 and will not be renewing

Property Information:

• Sale Price Reduced to $1,700,000.00

• Building is 15,000 SF (Multi-Tenant Building)

• Space Divisible 3,900 SF to 15,000 SF

• Lot is 1.0 Acres

• Stearns County PID 82.49999.0104

• Zoned: PUD - Planned Unit Development

• Great for Commercial, Retail, Office, Medical

• Interior shell ready for your build-out

• Exterior Remodel Completed by BCI Construction

• Ask for details on construction plans for

interior/additional construction

• BCI Construction is ready to complete interior

remodel for future owner

Property currently leased to St. Cloud Hospital through July, 2024. Pure triple net lease, with Tenant paying all operating expenses. Net operating income of $749,940 provides a 14.7% CAP rate.

The Building consists of approximately 51,920 square feet, located on

approximately 2.0 acres. Original building of approximately 37,266 square feet was built in 1997. Additional square footage of approximately 14,654 was added in 2014. Property is zoned C5 Highway Commercial and is located among retail, office, motel, and special service businesses.

• Great east side location with easy access to Hwy

10/Hwy 23/Sauk Rapids

• Handicap accessible with elevator

• Current tenants include State of MN/DOC, RANN,

Regal Film & INH Records

• Abundant free surface parking for employees and

customers

• Full Service Gross Leases include Real Estate

Taxes, CAM and utilities