32 32nd Avenue S, Saint Cloud, MN 56301 (MLS# 7110118)

32 32nd Avenue S, Saint Cloud, MN 56301

$720,000
Property Type: Commercial Square Footage: 5,940 Lot Size (sq. ft.): 15,160 Status: Active
Current Price: $720,000 List Date: 9/24/2026 Last Modified: 9/24/2026

Overview

Description

Investment opportunity consists of 4,500 square foot professional building and a 1,200 square foot shop situated behind. Centrally located ½ block off Division Street (Hwy23) Several long-term tenants make this a solid investment. Priced at an 8% cap rate! The largest tenant has a lease through January 2035. In 2013 main building went through an extensive remodel inside & out! You will see pride in ownership with updates like; windows, HVAC, new sidewalks, heated front walk, parking lot replacement, stucco, entry doors, and interior updates.

Listing Details MLS# 7110118

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Other Parking Spaces
20
Waterfront YN
No
Year Built
1976
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Size SqFt
15160
Foundation Size
5940
Garage Stalls
2
For Sale or Lease
For Sale
Lot Dimensions
120x127
Assessment Pending
No

Property Features

Accessible: Doors 36"+; Fully Wheelchair; No Stairs External; No Stairs Internal Air Conditioning: Central Air; Ductless Basement: Concrete Block; Partial CMU Style: Freestanding; Office Construction Materials: Block; Frame Construction Status: Previously Owned Current Use: Commercial; Office; Retail Existing Financing: Free and Clear Exterior: Brick/Stone; Steel Siding; Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Miscellaneous Information: Alarms; Building Sign; Delivery Door On Site Utilities: Electric Common; Heating Common; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot; Paved Lot Rent Rate per Foot: Gross Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Flat; Metal; Pitched Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
720000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
32
Street Name
32nd
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Saint Cloud
County
Stearns
State
MN
Zip Code
56301
Complex/Dev/Subdivision
Roosevelt Place Add

Assessments

Tax With Assessments
5810

Building Information

Building Finished SqFt
5940
Building SqFt
5940
Ceiling Height
8-10

More Information

Income and Expenses

Annual Gross Income
80875
Annual Insurance Expense
3700
Annual Maintenance Expense
1800
Annual Net Income
57603
Annual Water/Sewer Expense
4900
Total Annual Expenses
23272

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
28
Section#
15
Township#
124

Sale Options

Sale Includes
Building, Leases

Unit 1

Unit Number
Yes
Monthly Rent
3138
Unit Total SqFt
2000
Leased?
Yes
Lease Expiration Date
2035-01-31

Unit 2

Lease Expiration Date
2026-09-01
Leased?
Yes
Monthly Rent
1800
Unit Number
2
Unit Total SqFt
1150

Unit 3

Lease Expiration Date
2026-12-31
Leased?
Yes
Monthly Rent
1310
Unit Number
3
Unit Total SqFt
1070

Unit 4

Lease Expiration Date
2028-08-31
Leased?
Yes
Monthly Rent
700
Unit Number
4
Unit Total SqFt
1200

Unit Details

Total Units
4
IDX
Listing Office: Premier Real Estate Services
Last Updated: September - 24 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Search powered by FBS Products