301 4th Ave NE - Storefront Retail/Office FOR SALE


Waite Park, MN 56387
$950,000 USD
612-355-0751
301 4th Ave NE, Waite Park, MN for Sale
$950,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | Request Cap Rate

301 4th Ave NE
Waite Park, MN 56387


HIGHLIGHTS

  • 40% Occupied - Value Add
  • Close Proximity to Crossroads Center
  • High Visibility Surrounded by National Retailers

OVERVIEW

DanTree Court is a rare opportunity to acquire an established retail and office center in St. Cloud, Minnesota at a basis well below replacement cost. Located at 301 4th Ave NE with direct access to MN Highway 15 (42,388 VPD), the 8,776 SF property sits on a 0.41-acre site and is offered at $1,000,000, or approximately $114 per square foot. Built in 1978, the center currently benefits from in-place income and a diverse tenant mix, with excellent parking, strong monument signage on 4th Ave NE, and immediate proximity to major national retailers including Walmart, Target, Kohl's, Best Buy, and the Crossroads Center Mall. With occupancy at only 40%, DanTree Court presents significant value-add upside for an investor or owner-user willing to execute a lease-up strategy in a strong trade area. The surrounding demographics support that thesis, with over 63,800 people and average household incomes approaching $75,000 within a 3-mile radius, along with daytime employment exceeding 31,000 in the same trade area. Combined with strong surrounding traffic counts and a location embedded in one of St. Cloud's primary retail corridors, this asset offers a compelling entry point for investors looking to reposition an underutilized center into a stabilized, income-producing property.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

98.60689.0000

ASK ABOUT THIS PROPERTY

Bryce ThompsonRIC Property ManagementMore Info
612-355-0751

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bryce ThompsonRIC Property ManagementMore Info
612-355-0751

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.