Saint Cloud, MN 56303,1511 Northway DR
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Saint Cloud, MN 56303,1511 Northway DR
Saint Cloud, MN 56303,1511 Northway DR
Saint Cloud, MN 56303,1511 Northway DR
Saint Cloud, MN 56303,1511 Northway DR

$2,925,000

Est. payment /mo

$2,900,000

0.9%
Est.Price: ?

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1511 Northway DR Saint Cloud, MN 56303

0.77 Acres Lot

SOLD DATE : 05/01/2023

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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Listed by Wendy Hendricks • Agency North Real Estate, Inc

Nick Brugnoli

Lead Agent | License ID: 40690587

+1(612) 839-0040

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