400 Broadway Avenue N, Foley, MN 56329 (MLS# 7012553)

400 Broadway Avenue N, Foley, MN 56329

$439,900
Property Type: Commercial Baths: 1 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $439,900 List Date: 1/24/2026 Last Modified: 7/31/2026

Overview

Description

Positioned on one of Foley's most visible commercial corners along Hwy 23, this 3,168 square foot professional office building offers immediate income with exceptional long term upside. The property is occupied by established professional office tenants, including a long term lease extending through 2030, while additional leases and future renewals provide opportunities to reposition rental rates and operating income over time. Multiple vacant office suites offer flexibility for lease up, tenant expansion, owner occupancy, or reconfiguration. Constructed with durable brick and steel and served by zoned heating and cooling systems, the building is designed for long term performance and a variety of professional office, medical, counseling, legal or service based uses. Foley continues to experience renewed commercial growth following expanded municipal infrastructure, making highly visible office properties increasingly difficult to acquire. Investors and owner occupants alike will appre ...

Listing Details MLS# 7012553

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Owner Occupied
No
Waterfront YN
No
Year Built
1970
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3168
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.2
Lot Dimensions
85x105
Assessment Pending
Unknown

Property Features

Accessible: Accessible for Hearing-Impairment; Door Lever Handles; Fully Wheelchair; Grab Bars In Bathroom; No Stairs External; No Stairs Internal Air Conditioning: Central Air; Zoned Amenities Unit: Ethernet Wired; Washer/Dryer Hookup Assumable Loan: Not Assumable Basement: None CMU Style: Office Construction Materials: Brick Construction Status: Previously Owned Current Use: Office Exterior: Brick/Stone; Metal; Steel Siding Fencing: None Flooring: Carpet Foundation: Slab Fuel: Electric; Natural Gas Heating: Forced Air; Zoned Internet Options: Cable Loan Terms: Cash; Conventional Lock Box Type: Combo Lot Description: Corner Lot; Irregular Lot; Tree Coverage - Light Miscellaneous Information: 2+ Lavatories; Exterior Lighting On Site Utilities: Electric Common; Heating Separate; Hot Water Common Owner Pays: Electricity; Exterior Maintenance; Gas; Grounds Care; Hot Water; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water Potential Use: Office; Professional Road Frontage: Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Metal Sewer: City Sewer/Connected Stories: One Tenant Pays: Broadband; Cable TV; Telephone Topography: Level Wall Description: Drywall Water: City Water/Connected Window Features: Blinds

Contract Information

Contingency
None
ListPrice
439900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
400
Street Name
Broadway
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Foley
County
Benton
State
MN
Zip Code
56329
Complex/Dev/Subdivision
Holdridge Add

Assessments

Assessment Balance
3672.08
Tax With Assessments
13178

Basement

Foundation Dimensions
72x44

More Information

Building Information

Building Finished SqFt
3168
Ceiling Height
8-10

Income and Expenses

Annual Insurance Expense
3150

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SCAAR

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
29
Section#
26
Township#
37

Sale Options

Sale Includes
Building, Land, Leases

Unit 1

Unit Number
Suite B
Monthly Rent
915
Level
Main Level
Unit Total SqFt
890
Leased?
Yes
Lease Expiration Date
2030-07-31

Unit 2

Lease Expiration Date
2026-12-31
Leased?
Yes
Level
Main Level
Monthly Rent
575
Unit Number
Suite A
Unit Total SqFt
650

Unit 3

Half Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
Main Level
Monthly Rent
250
Total Bathrooms
Yes
Total Rooms
Yes
Unit Number
Suite A3
Unit Total SqFt
250

Unit 4

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
A5
Unit Total SqFt
87

Unit 5

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
A6
Unit Total SqFt
87

Unit 6

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
A7
Unit Total SqFt
87

Unit 7

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
A8
Unit Total SqFt
87

Unit 8

Leased?
No
Level
Main Level
Unit Number
A4
Unit Total SqFt
87

Unit Details

Total Units
10
IDX
Listing Office: New Century Real Estate
Last Updated: July - 31 - 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.
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