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For Sale:  Saint Cloud MLS# 7107060

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Active NEW!
$1,400,000
/mo Edit
Commercial:  Other
Built 1961
0.423 acres
St. Cloud schools
MLS# 7107060
763-576-8286
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    Property Description

    Own your building instead of renting one. This rare owner-user opportunity in Saint Cloud pairs a move-in-ready 6, 340 SF space with $6, 557.50/month of in-place tenant income to help carry the mortgage. Offered as a package — two adjoining parcels (PID 17.00186.00 and PID 17.01143.00) totaling 22, 100 SF on 1.02 acres — 585 & 607 1st Street SE deliver a rare blend of owner-user space and day-one cash flow in a single transaction. Both PIDs must convey together. The 585 building is fully vacant and freshly renovated 2025–2026: 6, 340 SF with 16' clear height, a 14' drive-in door plus a 10' dock door, a new three-phase electrical panel, new Reznor gas heaters, new insulation, new LED lighting, a private bathroom, and 12 dedicated parking spaces. Move your business in and stop writing rent checks. Next door, the 607 building is 100% leased to two tenants on three-year terms with built-in 7.5% annual increases generating $6, 557.50/month in contractual rent. That income works for you from day one, whether you grow into the additional space later or simply let the tenants help pay down your loan. Combined building specs: 22, 100 SF across two attached structures, three-phase power on three 200-amp panels, 3 dock doors and 3 drive-in doors (ramps and doors updated 2023), a new 60-mil EPDM roof on 607 (2023) and a recoated metal roof on 585 (2023), floor drains and sprinklers in 607. Zoned I-2 General Industrial by the City of Saint Cloud — one of the most flexible zoning designations in the market, permitting warehousing & distribution, general manufacturing, machine shop, motor vehicle sales/repair, cold storage, building materials sales, bottling & distribution, truck terminal, and more. At $1, 400, 000 ($63/SF), this offering is priced below every comparable industrial sale in the St. Cloud/Sauk Rapids submarket over the past two years (comp average $76/SF, median $75/SF) — despite a completed top-to-bottom renovation and income already in place. 2026 real estate taxes are estimated at $20, 546 combined. Two parcels. One price. Sold together only. Bring your business, inherit the income, and start building equity instead of paying someone else's mortgage. Showings by appointment only. Please do not disturb tenants. Call or email Amanda Matajira 651-260-6996 or amanda@matajiraventures.com to setup a showing.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,400,000
    Property Type: Commercial
    City: Saint Cloud
    Garage Spaces: 6
    County: Benton
    Year Built: 1961
    State: MN
    Property Style: Other
    Zip Code: 56304
    Subdivision Name: East St Cloud

    Exterior

    Garage Spaces: 6
    Foundation Size: 22,100 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Floor Drain
    • Heated Garage
    • Multiple Garages
    • Parking Lot
    • Paved Lot

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.423
    Geolocation: 45.566691, -94.145988
    Inclusions: Building, Leases
    Lot Dimensions: 127 x 150 x 124 x 135
    Zoning: Industrial

    Schools

    School District: 742
    District Phone: 3202539333

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $19,996
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $20,546

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Commercial
    • Warehouse
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Financially Free, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.