St Cloud, MN Retail Property For Sale

• Located on the main commuter road connecting Division

St and Roosevelt Rd

• Prominent corner provides great redevelopment potential

• Strong demographic profile. Site located in the heart of

St. Cloud between crossroads mall and St Cloud State

University

-2,700 SF Available for Lease on main floor

-Fully finished basement with equipment, bathroom, office & storage

-Central location in downtown is only 2 blocks from the brand new

lofts condominiums and easy walking distance to area offices, retail,

banks, theatre & rivers edge convention center

-New energy efficient HVAC system, kitchen exhaust hood & make-up

air system. Apartments are on a separate HVAC system

-Turn key restaurant with all equipment & furnishings currently on site

included in the sale price or owner will remove it buyer does not want

any of the items

-2 Apartments on the upper floor also completely renovated. These

apartments have always been 100% leased

PROPERTY HIGHLIGHTS:

• Force Air Furnace & A/C

• Elevator: Yes

• Electrical: 280v

• Interior Sprinkler: Yes

• Clear Height: 10'

• Parking Spaces: Parking Garage Adjacent to

Building

PROPERTY OVERVIEW:

• Operating Expense: $2.50

• Building Size: 168,768

• Land Size: 1.33 Acres

• County: Stearns

• PID's: 82.52885.0001/82.52885.0065

• Taxes: $101,868.00 / $97,052.00

• Zoned: C-3 Central Business District

• Year Built: 1985

• Lease Rate: $10.00/psf NNN

Historic building located in downtown St Cloud. 3075 SF Bar/Restaurant/Retail space on lower level, 1996 SF office space 2nd Floor. $14.00/SF NNN

• Corporate guaranteed triple net lease with 21 years remaining.

• 2% annual increases with three 5-year renewal options.

• Located in a dense retail shopping hub on Division Street with

traffic counts of 34,000 vehicles per day.

• St. Cloud area is home to St. Cloud State University (11,000+

students), St. Cloud Technical & Community College (6,000+

students) and St. John’s University (2,000+ students).

• Less than a mile from Crossroads Center, an 890,000 square

foot enclosed mall with over 100 retailers anchored by Macy’s,

Scheels, Target, JCPenney, and DSW.

• Red Lobster is the sixth largest casual dining concept in North

America and a MN favorite seafood destination!

This establishment is a historic landmark for the City of St. Cloud and this is a rare opportunity to purchase on 5th Avenue. Downtown St. Cloud is a mixture of 60+ retail shops, 45+ eating establishments, 500+ businesses, and 70+ historic buildings. Searle’s on Fifth is a 3.5 level building with a total GBA of 11,961 square feet built in 1886. The approved occupancy is 465 total; 152 first floor, 130 second floor, 183 third floor and mezzanine. The main level consists of a bar and seating area. The second level was used for events only such as university banquets, grooms dinners, Christmas parties, etc. The upper level & seating mezzanine was previously restaurant space. Searle’s on Fifth is a popular downtown lounge bar and dining location with 30+ years history, formally known as DB Searles.

For assistance with revitalizing this beautiful historic building, and opening and/or starting up your business, refer to this link https://mn.gov/deed/business/help/sbdc/find-sbdcs/sbdc-central.jsp. Also, check out the available Grant Programs.

»Fixtures and equipment available for purchase.

»Multiple walk-in coolers and freezers.

»Fire protection system upgraded in 2018.

»Alarm and camera systems in place

»Secure business office with safe.

»Full commercial kitchen and equipment in place

»Separate food processing and preparation area.

»Original Fireplace (currently not functioning).

»4 stop elevator, inspections and service requirements are current.

»2 Grant programs available

4,800 SF building available for sale. Great owner/user opportunity. The site offers excellent visibility to Divison Street. Call for details.

Here is a well-maintained building currently used as an automotive dent removal business. Attractive customer lobby area and large shop area with haz mat floor drain and epoxy floor. Recent improvements include a new roof at a cost of over $100,000, new HVAC $10,000. High traffic location on Roosevelt Rd just one block from Division Street and across from Tenvoorde Ford. Seller is relocating and offering this property for sale.

This is part of a portfolio package including the following properties:

-11 7th Ave N, St Cloud, MN 56303

-27 7th Ave N, St Cloud, MN 56303

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!