$2,925,000
$2,900,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
1511 Northway DR Saint Cloud, MN 56303
0.77 Acres Lot
Key Details
Sold Price $2,925,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Northway 06
MLS Listing ID 6227914
Sold Date 05/01/23
Year Built 1996
Annual Tax Amount $51,000
Tax Year 2022
Contingent None
Lot Size 0.770 Acres
Acres 0.77
Lot Dimensions 147x245
Property Description
Here is the investment opportunity you have been waiting for! It is a well maintained professional medical office building with long term, stable tenants in place. It is close to full occupancy, with 2100 additional unfinished sq ft of storage space also available that could be renovated for office use. An additional 1.44 acre adjacent lot is also available for expansion needs if desired. This prime building is conveniently located on Northway Drive near the St. Cloud Hospital, Whitney Park, the YMCA/Aquatic Center and Whitney Senior Center in St Cloud's medical arts area. Current leases offer a 7.5% CAP rate.
Location
State MN
County Stearns
Zoning Business/Commercial
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Paved
Utilities Available Heating Separate
Present Use Office
Building
Story One
Foundation 9250
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Stucco
Schools
School District St. Cloud
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