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Key Details
Sold Price $2,124,400
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5565961
Sold Date 12/01/20
Year Built 1992
Annual Tax Amount $31,546
Tax Year 2020
Contingent None
Lot Size 6.060 Acres
Acres 6.06
Lot Dimensions getting
Property Sub-Type Industrial
Property Description
Great investment property with an excellent cash on cash return and a long term tenant that has recently renewed their lease. Conveniently located in St. Cloud, with easy access and visibility to Highway 15, the property consists of two buildings situated on 6.06 acres. The acreage has one 4.09 acre parcel with two buildings and another parcel of 1.97 acres that is currently vacant land. Building one consists of two large warehouses connected by an office/showroom between them. The southern warehouse in the building is 8,500 sq. ft. and was the original superstructure of the Pan Motor Company. The northern warehouse is 7,140 sq. ft. and the office showroom between them is 7,600 sq. ft. The total building size for this building is 16,894 sq. ft. Building Two, located to the south of building one is a freestanding 2,600 sq. ft. warehouse.
Location
State MN
County Stearns
Zoning Industrial
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Open
Utilities Available Electric Separate, Heating Separate
Roof Type Metal
Present Use Commercial, Warehouse
Building
Lot Description Irregular Lot
Story One
Foundation 25920
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Block, Brick/Stone
Schools
School District St. Cloud
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