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Executive Summary

Investment opportunity consists of 3 buildings with a total of 6 tenants. Current Cap rate = 7.5% with built-in rate increases on existing leases!
A combination of office, retail and warehouse space. Centrally located ½ block off Division Street (Hwy23) 100% occupied – Several long-term tenants make this a solid investment. The largest tenant has a lease through January 2035. In 2013 the South building went through an extensive remodel inside & out! You will see pride in ownership with updates like; windows, HVAC, new sidewalks, heated front walk for the 92-100 building, parking lot replacement, stucco, entry doors, and interior updates.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,276 SF
Building Class
C
Year Built
1981
Price
$975,000
Price Per SF
$117.81
Cap Rate
7.90%
NOI
$77,025
Percent Leased
21%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,276 SF
Building FAR
0.37
Lot Size
0.52 AC
Zoning
Commercial
Parking
16 Spaces (1.93 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Reception
  • Storage Space
  • Basement
  • Natural Light
  • Reception

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 6,500 SF
  • Office
  • -
  • Now

Office/retail space for lease - Building & pylon signage with a great central location just off of Division Street, offering great visibility! The vestibule entrance allows you to separate the building into 2 spaces if desired. You can lease the entire building or half. The southern half of the building has a lot of open space with plenty of natural light! 14 parking stalls & a rear entry for delivery & staff. A portion of the building has a basement for storage. The building offers a nice mix of private offices, open space & 2 restrooms.

Space Size Space Use Build-Out Available
1st Floor 6,500 SF Office - Now

1st Floor

Size
6,500 SF
Space Use
Office
Build-Out
-
Available
Now

1st Floor

Size 6,500 SF
Space Use Office
Build-Out -
Available Now

Office/retail space for lease - Building & pylon signage with a great central location just off of Division Street, offering great visibility! The vestibule entrance allows you to separate the building into 2 spaces if desired. You can lease the entire building or half. The southern half of the building has a lot of open space with plenty of natural light! 14 parking stalls & a rear entry for delivery & staff. A portion of the building has a basement for storage. The building offers a nice mix of private offices, open space & 2 restrooms.

Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 82.50465.0000
  • 82.50464.0000
Land Assessment
$159,000
Improvements Assessment
$301,400
Total Assessment
$460,400
  • Listing ID: 39977136

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 20 S 32nd Ave S, Saint Cloud, MN 56301

Contact the Sale Advisor

20 S 32nd Ave S

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