2848 2nd St S | Saint Cloud, MN 56301
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- LoopNet Team
2848 2nd St S
Saint Cloud, MN 56301
Heritage Market II · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Low Average Rent of $20 psf (gross)
- Within block of Costco (1.7M annual visitors)
- At 90% occupancy, the future owner can immediately add value through lease-up of the current vacancy
- Desirable average suite size of 1,859 SF
- Attractive Construction with new parking lot overlay
- Ability to increase the NOI significantly by converting the existing leases from gross to net upon lease expirations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,873 SF
Building Class
C
Year Built
2001
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.10 AC
Zoning
C5 - Highway Commercial District
Parking
41 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
261’ on 2nd St
AMENITIES
- Dedicated Turn Lane
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 82-47791-0321 | Improvements Assessment | $866,000 |
| Land Assessment | $480,000 | Total Assessment | $1,346,000 |
PROPERTY TAXES
Parcel Number
82-47791-0321
Land Assessment
$480,000
Improvements Assessment
$866,000
Total Assessment
$1,346,000
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