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Schlenner Wenner 37 28th Ave N 10,400 SF 37% Leased Office Building Saint Cloud, MN 56303 $1,300,000 ($125/SF) 2.52% Cap Rate
Executive Summary
This is an established office building with over 10,000 sq. ft, located just off Division. It consists of 2 separate units with separate entrances. The units have connecting hallways allowing one tenant to use the entire building if they choose. Each unit has 20 parking spaces, their own entry/reception area, 20+ offices, break room, 3 restrooms, and multiple conference rooms.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
10,400 SF
Building Class
C
Year Built/Renovated
1956/2003
Price
$1,300,000
Price Per SF
$125
Cap Rate
2.52%
NOI
$32,723
Percent Leased
37%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,400 SF
Slab To Slab
8’
Building FAR
0.28
Lot Size
0.86 AC
Zoning
C2 - Business Commercial
Parking
39 Spaces (3.75 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Fully Carpeted
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 82.43920.0000 | Improvements Assessment | $312,000 |
| Land Assessment | $298,000 | Total Assessment | $610,000 |
Property Taxes
Parcel Number
82.43920.0000
Land Assessment
$298,000
Improvements Assessment
$312,000
Total Assessment
$610,000
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Schlenner Wenner | 37 28th Ave N
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