301 4th Ave NE
Waite Park, MN 56387
Commerce de détail Propriété À vendre

DanTree Court is a rare opportunity to acquire an established retail and office center in St. Cloud, Minnesota at a basis well below replacement cost. Located at 301 4th Ave NE with direct access to MN Highway 15 (42,388 VPD), the 8,776 SF property sits on a 0.41-acre site and is offered at $1,000,000, or approximately $114 per square foot. Built in 1978, the center currently benefits from in-place income and a diverse tenant mix, with excellent parking, strong monument signage on 4th Ave NE, and immediate proximity to major national retailers including Walmart, Target, Kohl's, Best Buy, and the Crossroads Center Mall.
With occupancy at only 40%, DanTree Court presents significant value-add upside for an investor or owner-user willing to execute a lease-up strategy in a strong trade area. The surrounding demographics support that thesis, with over 63,800 people and average household incomes approaching $75,000 within a 3-mile radius, along with daytime employment exceeding 31,000 in the same trade area. Combined with strong surrounding traffic counts and a location embedded in one of St. Cloud's primary retail corridors, this asset offers a compelling entry point for investors looking to reposition an underutilized center into a stabilized, income-producing property.