ORION REAL ESTATE

Main Offices: 630 1st Street South Waite Park, MN 56387 320-251-1177 Phone 320-251-1584 Fax

NEIGHBORHOOD SHOPPING CENTER FOR SALE

  

The Offering:

Coldwell Banker Commercial Orion is pleased to offer for sale the Clearwater Center, a neighborhood shopping center located near I-94 in Clearwater, MN.
 

Investment Highlights:

•  Located just north of I-94 and Clearwater Truck Plaza
• This neighborhood shopping center consists of four one story buildings with 63,000 Square Feet of leasable space
•  Situated on 7.5 +/- acres 
•  Plenty of customer parking and ample employee parking in rear
•  All  buildings are fully sprinkled
•   Individual HVAC units for each tenant space

Location Highlights:

•  Easy Access off I-94
•  2008 Average Daily Traffic counts are 40,000 on I-94; 16,500 on Hwy 24 and 4,800 on Hwy 75
•  Click here for birdseye imagery and demographic information
  

Parcel IDs: 104-015-001010, -001030, -001031, -001032, -001050, -001051

BUILDING DETAILS:

Building A: Freestanding former Coborn’s supermarket Size/dimensions: 15,000 sf, approx. 120x120 with bump-outs. Construction: structural steel Year Built: 1979 Dock Doors: one 8 x 8, with leveler HVAC: Gas forced air, central air, original. Roof: Metal gable, original. Fire Sprinklers: Fully sprinkled.	Building B: Strip center building Size/dimensions: 10,000 sf, 50’ x 200’ Construction: structural steel Year Built: 1979 Ceiling Height: approx. 12 ft.  Dock Doors: none HVAC: 5 individual gas forced air units w/central air for each tenant space.  Many newer units. Roof: EPDM membrane; retrofitted over metal roof and added hi-R insulation in 1999.           Fire Sprinklers: Fully sprinkled.
Building C: Strip Center building Size/dimensions: 16,000 sf, 80’ x 200’ Construction: Structural steel Year Built: 1979 Ceiling Height: approx. 12 ft. Dock Doors: Three, 8 x 8 doors HVAC: Three individual gas forced air units w/ central air for each tenant space. Roof: EPDM membrane; retrofitted over metal roof and added Hi-R insulation in 2000. Fire Sprinklers: Fully sprinkled.	Building D: Clearwater Interiors building Size/dimensions: approx. 22,000 sq. ft., irregular; attached to building C. Construction: structural steel Year Built: 2000 Ceiling Height: approx. 16 ft. Dock Doors: one 8 x 8 Overhead doors: two 10 x 10 HVAC: Two units, gas forced air with central air (2000) Roof: Metal (2000) Fire Sprinklers: Fully sprinkled.

                                                                              PRICE REDUCED:   $2,400,000   $2,100,000

This 63,000 square foot shopping center is well-located on the southeast fringe of the St. Cloud MSA, just off I-94 and MN 24, right next to famed Nelson Bros. Clearwater Truck Plaza in a corridor that is busy day and night. Built on approximately 7.5 acres, the property is currently about 50% vacant. The original owners of 30 years are retiring and are motivated to see their “baby” go to professional managers who can take it to the next level. This is an excellent opportunity for a developer to create value. Tremendous upside potential! 

 

CALL GARY SNEIDE TODAY FOR MORE INFORMATION
 (320) 251-1177