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$2,100,000  (list price)
/mo   Edit
Commercial:  Industrial/Warehouse
Built 1992
6.06 acres
St. Cloud schools
MLS# 5565961
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    Description:   Great investment property with an excellent cash on cash return and a long term tenant that has recently renewed their lease. Conveniently located in St. Cloud, with easy access and visibility to Highway 15, the property consists of two buildings situated on 6.06 acres. The acreage has one 4.09 acre parcel with two buildings and another parcel of 1.97 acres that is currently vacant land. Building one consists of two large warehouses connected by an office/showroom between them. The southern warehouse in the building is 8, 500 sq. ft. and was the original superstructure of the Pan Motor Company. The northern warehouse is 7, 140 sq. ft. and the office showroom between them is 7, 600 sq. ft. The total building size for this building is 16, 894 sq. ft. Building Two, located to the south of building one is a freestanding 2, 600 sq. ft. warehouse.
    List Price: $2,100,000
    Sold Price: $2,124,400
    Sold Date: 12/01/2020
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Property Style: Industrial/Warehouse
    Year Built: 1992
    City: Saint Cloud
    County: Stearns
    State: MN
    Zip Code: 56303


    Building Fin Sq Ft: 25,920 sqft


    Heating System: Forced Air
    Foundation Size: 25,920 sqft
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Brick/Stone, Block
    Garage Spaces: 0
    Other Parking Spaces: 0
    Roof Details: Metal


    Acres: 6.06
    Lot Description: Irregular Lot
    Latitude: 45.56328369
    Longitude: -94.20851301
    Lot Size Dim.: Getting
    Zoning: Industrial


    School District: 742
    District Phone: 320-253-9333

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $31,546
    Assessment Pending: No
    Taxes w/ Assessments: $31,546


    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 2
    Number of Efficiencies: 0


    Current Use: Warehouse, Commercial
    Fuel System: Natural Gas
    Owner Occupied: No
    Sale Includes: Building, Land
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate, Heating Separate
    Utilities: Electric Separate, Heating Separate
    Water System: City Water/Connected

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    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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