Heritage Market II

2848 2nd St S, Saint Cloud, MN 56301

  • For Sale $2,175,000
  • Property Type Retail - Strip
  • Lot Size 1.1 Acre
  • Additional Rent Contact for pricing
  • Year Built 2001
  • Date Updated Dec 4, 2024
Presenting an exceptional opportunity in the thriving Retail Strip Center sector. This property, built in 2001, at 90% occupancy, providing immediate value and with the current gross leases, the future owner can significantly enhance the Net Operating Income (NOI) upon lease expirations, taking advantage of average gross rent of $20 psf and the attractive average suite size of 1,859 SF. Ideally situated on 2nd Street with a daily traffic count of 25,000, this asset benefits from its proximity to high-traffic destinations, potential tenant base, and a growing, educated population of over 100,000 within a 5-mile radius. With strong fundamentals, including a newly overlaid parking lot, this property offers an enticing investment with promising growth prospects.
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Attachments

Contacts

broker

Mid-America Real Estate Group

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable
  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Saint Cloud, MN
  • Neighborhood West End St. Cloud
  • Zip Code 56301
  • Market Minneapolis St Paul

Points of Interest

  • Speedway

    0.53 miles

  • Kwik Trip

    0.56 miles

  • First Fuel Banks

    1.13 miles

  • Go For It Gas

    1.59 miles

  • Holiday

    1.96 miles

  • SpeedStop

    2.14 miles

  • Stop-N-Go

    2.20 miles

  • Gilleland Chevrolet

    0.44 miles

  • Bus Parking

    1.09 miles

  • W Lot

    1.87 miles

  • M Lot

    1.87 miles

  • E Lot

    1.89 miles

  • V Lot

    1.90 miles

  • R Lot

    1.91 miles

  • O Lot

    1.91 miles

  • AA Lot

    1.94 miles

  • N Lot

    1.95 miles

  • Dong Khanh

    0.24 miles

  • Subway

    0.29 miles

  • Star of India

    0.29 miles

  • Taco Bell

    0.34 miles

  • Red Lobster

    0.36 miles

  • Bravo Burritos Mexicatessen & Bar

    0.38 miles

  • Arby's

    0.39 miles

  • Dairy Queen

    0.42 miles

  • Orange Julius

    0.42 miles

  • Panera Bread

    0.42 miles

  • Burlington

    0.19 miles

  • TJ Maxx

    0.29 miles

  • Lunds & Byerlys

    0.36 miles

  • Save-A-Lot

    0.41 miles

  • Walmart Supercenter

    0.51 miles

  • Coborn's

    0.81 miles

  • Target

    0.96 miles

  • Crossroads Center

    1.03 miles

  • JCPenney

    1.06 miles

  • Macy's

    1.09 miles

Frequently Asked Questions

How much does Heritage Market II cost?

The space currently listed for sale at Heritage Market II asks for $2,175,000.

When was this property built?

Heritage Market II was built in 2001.

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Contact Listing Broker
broker

Mid-America Real Estate Group