Log In/Sign Up
Your email has been sent.
585 1st St SE 22,100 SF 67% Leased Industrial Building Saint Cloud, MN 56304 $1,983,072 CAD ($89.73 CAD/SF)
Investment Highlights
- 6,340 SF owner unit available — move in and occupy immediately
- Separate Utilities
- Tenants cover ~92% of monthly P&I
- Multitenant Bulding
- ?22,100 SF total across two buildings on 1.02 acres
- Both suites leased to established businesses on 3-year terms with scheduled rent increases built in — contractual income grows from day one
Executive Summary
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.
Property Facts
Amenities
- Controlled Access
- Floor Drains
- Front Loading
- Security System
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bayleen Design
- Wholesaler
- 11,560 SF
- $5.67 CAD
- Modified Gross
- Dec 2028
- Premium Auto Styling
- Services
- 4,200 SF
- $11.33 CAD
- Modified Gross
- Oct 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bayleen Design | Wholesaler | 11,560 SF | $5.67 CAD | Modified Gross | Dec 2028 | |
| Premium Auto Styling | Services | 4,200 SF | $11.33 CAD | Modified Gross | Oct 2028 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 17.00186.00 | Improvements Assessment | $72,240 CAD |
| Land Assessment | $16,998 CAD | Total Assessment | $89,238 CAD |
Property Taxes
Parcel Number
17.00186.00
Land Assessment
$16,998 CAD
Improvements Assessment
$72,240 CAD
Total Assessment
$89,238 CAD
1 of 57
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
585 1st St SE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.