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703 W St Germain St
Saint Cloud, MN 56301
Office Property For Sale
Investment Highlights
- Recently renovated historic building in Downtown Saint Cloud
- Vibrant coworking environment with multiple tenants in place
- Easy access to major roads and regional transportation options
- Approximately 75% occupancy with gross annual income of $95,000
- Highly walkable location near retail, dining, and professional services
Executive Summary
This recently renovated commercial property in the heart of Downtown Saint Cloud offers a compelling investment opportunity. The building spans approximately 5,000 square feet and is currently 75% occupied, generating a gross annual income of $95,000. With multiple tenants in place and a vibrant coworking environment, the asset provides immediate cash flow and long-term upside.
Located on West St Germain Street, the property benefits from strong visibility and walkability in a thriving business district. The surrounding area features a mix of retail, dining, and professional services, creating a dynamic environment for tenants and visitors alike. Investors will appreciate the historic character of the building combined with modern upgrades, as well as its proximity to major thoroughfares and regional amenities. This is an excellent opportunity to acquire a stabilized property with growth potential in a central Minnesota market.
Located on West St Germain Street, the property benefits from strong visibility and walkability in a thriving business district. The surrounding area features a mix of retail, dining, and professional services, creating a dynamic environment for tenants and visitors alike. Investors will appreciate the historic character of the building combined with modern upgrades, as well as its proximity to major thoroughfares and regional amenities. This is an excellent opportunity to acquire a stabilized property with growth potential in a central Minnesota market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
5,000 SF
Building Class
B
Year Built
1900
Price
$725,000
Price Per SF
$145
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,500 SF
Slab To Slab
15’
Building FAR
1.91
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C-3 - Commercial
Amenities
- 24 Hour Access
- Conferencing Facility
- Property Manager on Site
- Security System
- Signage
- Skylights
- Kitchen
- Storage Space
- Bicycle Storage
- High Ceilings
- Natural Light
- Plug & Play
- Wi-Fi
Property Taxes
| Parcel Number | 82.46103.0000 | Improvements Assessment | $295,000 |
| Land Assessment | $46,000 | Total Assessment | $341,000 |
Property Taxes
Parcel Number
82.46103.0000
Land Assessment
$46,000
Improvements Assessment
$295,000
Total Assessment
$341,000
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