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$1,400,000
Est. payment /mo
0.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision East St Cloud
MLS Listing ID 7107060
Year Built 1961
Annual Tax Amount $19,996
Tax Year 2026
Contingent None
Lot Size 0.423 Acres
Lot Dimensions 127x150x124x135
Property Description
Own your building instead of renting one. This rare owner-user opportunity in Saint Cloud pairs a move-in-ready 6,340 SF space with $6,557.50/month of in-place tenant income to help carry the mortgage. Offered as a package — two adjoining parcels (PID 17.00186.00 and PID 17.01143.00) totaling 22,100 SF on 1.02 acres — 585 & 607 1st Street SE deliver a rare blend of owner-user space and day-one cash flow in a single transaction. Both PIDs must convey together.
The 585 building is fully vacant and freshly renovated 2025–2026: 6,340 SF with 16' clear height, a 14' drive-in door plus a 10' dock door, a new three-phase electrical panel, new Reznor gas heaters, new insulation, new LED lighting, a private bathroom, and 12 dedicated parking spaces. Move your business in and stop writing rent checks.
Next door, the 607 building is 100% leased to two tenants on three-year terms with built-in 7.5% annual increases generating $6,557.50/month in contractual rent. That income works for you from day one, whether you grow into the additional space later or simply let the tenants help pay down your loan.
Combined building specs: 22,100 SF across two attached structures, three-phase power on three 200-amp panels, 3 dock doors and 3 drive-in doors (ramps and doors updated 2023), a new 60-mil EPDM roof on 607 (2023) and a recoated metal roof on 585 (2023), floor drains and sprinklers in 607. Zoned I-2 General Industrial by the City of Saint Cloud — one of the most flexible zoning designations in the market, permitting warehousing & distribution, general manufacturing, machine shop, motor vehicle sales/repair, cold storage, building materials sales, bottling & distribution, truck terminal, and more.
At $1,400,000 ($63/SF), this offering is priced below every comparable industrial sale in the St. Cloud/Sauk Rapids submarket over the past two years (comp average $76/SF, median $75/SF) — despite a completed top-to-bottom renovation and income already in place. 2026 real estate taxes are estimated at $20,546 combined.
Two parcels. One price. Sold together only. Bring your business, inherit the income, and start building equity instead of paying someone else's mortgage.
Showings by appointment only. Please do not disturb tenants. Call or email Amanda Matajira 651-260-6996 or amanda@matajiraventures.com to setup a showing.
The 585 building is fully vacant and freshly renovated 2025–2026: 6,340 SF with 16' clear height, a 14' drive-in door plus a 10' dock door, a new three-phase electrical panel, new Reznor gas heaters, new insulation, new LED lighting, a private bathroom, and 12 dedicated parking spaces. Move your business in and stop writing rent checks.
Next door, the 607 building is 100% leased to two tenants on three-year terms with built-in 7.5% annual increases generating $6,557.50/month in contractual rent. That income works for you from day one, whether you grow into the additional space later or simply let the tenants help pay down your loan.
Combined building specs: 22,100 SF across two attached structures, three-phase power on three 200-amp panels, 3 dock doors and 3 drive-in doors (ramps and doors updated 2023), a new 60-mil EPDM roof on 607 (2023) and a recoated metal roof on 585 (2023), floor drains and sprinklers in 607. Zoned I-2 General Industrial by the City of Saint Cloud — one of the most flexible zoning designations in the market, permitting warehousing & distribution, general manufacturing, machine shop, motor vehicle sales/repair, cold storage, building materials sales, bottling & distribution, truck terminal, and more.
At $1,400,000 ($63/SF), this offering is priced below every comparable industrial sale in the St. Cloud/Sauk Rapids submarket over the past two years (comp average $76/SF, median $75/SF) — despite a completed top-to-bottom renovation and income already in place. 2026 real estate taxes are estimated at $20,546 combined.
Two parcels. One price. Sold together only. Bring your business, inherit the income, and start building equity instead of paying someone else's mortgage.
Showings by appointment only. Please do not disturb tenants. Call or email Amanda Matajira 651-260-6996 or amanda@matajiraventures.com to setup a showing.
Location
State MN
County Benton
Zoning Industrial
Interior
Heating Forced Air
Inclusions Building, Leases
Fireplace No
Exterior
Parking Features Floor Drain, Heated Garage, Multiple Garages, Parking Lot, Paved Lot
Garage Spaces 6.0
Utilities Available Electric Separate
Present Use Commercial,Warehouse
Building
Foundation 22100
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District St. Cloud
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Listed by Amanda Matajira • Financially Free, LLC
Nearby Locations
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