607 1st Street SE,Saint Cloud, MN 56304
Saint Cloud, MN 56304
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@mvcre.com to setup a showing.
Details
| MLS # | 7107060 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 44 |
| Listing Provided By | Financially Free, LLC | Amanda Matajira |
Features
| SQ Feet | 22,100 |
|---|---|
| Garage | 6 |
| Basement | Y |
| Units | 3 |
| Zoning | Industrial |
| Acreage | 0.42 |
Interior
| Heating | Forced Air |
|---|
Parking
| Parking Features | Floor Drain, Heated Garage, Multiple Garages, Parking Lot, Paved Lot |
|---|
Utilities
| Utilities | Electric Separate |
|---|
Taxes
| Property | 19996 |
|---|
Area Information
| State | MN |
|---|---|
| County | Benton |
| City | Saint Cloud |
| Zip Code | 56304 |
| Community Name | East St Cloud |
| School District | 742 |
| High School | St. Cloud |
| Listing VS Median (in East St Cloud) | |
Price: $1,400,000 low | high Med: $240,000 sqft: 22,100 low | high Med: 2,038 $ / sqft: $63 low | high Med: $118 On site: 44 low | high Med: 50 | |
Market Activity 56304
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 22, 2026 at 2:20:15 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | MN |
|---|---|
| County | Benton |
| City | Saint Cloud |
| Zip Code | 56304 |
| Community Name | East St Cloud |
| School District | 742 |
| High School | St. Cloud |
| Listing VS Median (in East St Cloud) | |
Price: $1,400,000 low | high Med: $240,000 sqft: 22,100 low | high Med: 2,038 $ / sqft: $63 low | high Med: $118 On site: 44 low | high Med: 50 | |