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1655 Highway 23 NE - $1 Auction – 8.91 Acre Site | 24K VPD 7.45 Acres of Commercial Land Offered at $50,000 in Saint Cloud, MN 56304
Investment Highlights
- ABSOLUTE $1 AUCTION | 8.91 Acre Development Site | 24K VPD | AUCTION MARCH 23-25
- Attractive Demographics with ±91,161 Individuals and Annual Household Income of ±$70,173 (5-Mile)
- Nearby National Retailers: Target, McDonald’s, Runnings, Cash Wise Grocery, Caribou Coffee, Subway, Wendy’s, Arby’s, more
- ±8.91 Acre Commercial Development Site in St. Cloud, MN
- Highway Visibility on MN-23 with ±24,863 Vehicles per Day and Near Voyageur Hwy with ±27K VPD
- 3.4% Population Growth from 2020-2024 and 3.26% Growth from 2024-2029 Anticipated (5-Mile Radius)
Executive Summary
Marcus & Millichap is pleased to present a ±8.91-acre commercial development site located at 1655 MN-23 (the “Property”) in St. Cloud, Minnesota. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!
The Property consists of two parcels totaling ±8.91-acres and benefits from excellent frontage with over 1,000 feet along MN-23 with ±24,863 vehicles per day, providing strong visibility and accessibility. The Property benefits from favorable B-2, Business Enterprise District zoning that allows for a wide variety of uses including retail, restaurant, bank, mini-storage, office, warehousing, and others. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.
St. Cloud, Minnesota is a regional commercial and economic hub in central Minnesota located approximately 60?miles northwest of the Minneapolis - Saint Paul metro area along I-94, U.S. Highways?10,?52, and MN-23 - providing strong transportation access and regional trade area connectivity. The city’s economy is diversified with substantial employment in healthcare, manufacturing, retail trade, education, and public administration, supported by major employers such as CentraCare Health, the St. Cloud VA Health Care System, and state and local government entities. Nearby traffic drivers include Target, McDonald’s, Runnings, Cash Wise Grocery, Caribou Coffee, Subway, Wendy’s, and Arby’s. The Property is located in an area that serves 50,925 people within a 3-mile area and ±91,161 individuals with an AHHI of ±$70,173 within a 5-mile area further enhancing the area’s retail potential. The population has experienced 3.42% growth from 2020-2024 with 3.26% growth expected to continue through 2029.
The Property consists of two parcels totaling ±8.91-acres and benefits from excellent frontage with over 1,000 feet along MN-23 with ±24,863 vehicles per day, providing strong visibility and accessibility. The Property benefits from favorable B-2, Business Enterprise District zoning that allows for a wide variety of uses including retail, restaurant, bank, mini-storage, office, warehousing, and others. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.
St. Cloud, Minnesota is a regional commercial and economic hub in central Minnesota located approximately 60?miles northwest of the Minneapolis - Saint Paul metro area along I-94, U.S. Highways?10,?52, and MN-23 - providing strong transportation access and regional trade area connectivity. The city’s economy is diversified with substantial employment in healthcare, manufacturing, retail trade, education, and public administration, supported by major employers such as CentraCare Health, the St. Cloud VA Health Care System, and state and local government entities. Nearby traffic drivers include Target, McDonald’s, Runnings, Cash Wise Grocery, Caribou Coffee, Subway, Wendy’s, and Arby’s. The Property is located in an area that serves 50,925 people within a 3-mile area and ±91,161 individuals with an AHHI of ±$70,173 within a 5-mile area further enhancing the area’s retail potential. The population has experienced 3.42% growth from 2020-2024 with 3.26% growth expected to continue through 2029.
Property Facts
| Price | $50,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.45 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $50,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 7.45 AC |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
1 Lot Available
Lot
| Price | $50,000 | Lot Size | 7.45 AC |
| Price Per AC | $6,711.41 |
| Price | $50,000 |
| Price Per AC | $6,711.41 |
| Lot Size | 7.45 AC |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $448,400 | Total Assessment | $448,400 |
Property Taxes
Parcel Numbers
Land Assessment
$448,400
Improvements Assessment
$0
Total Assessment
$448,400
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1655 Highway 23 NE - $1 Auction – 8.91 Acre Site | 24K VPD
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