Multi-Tenant Office/Retail Building | High Traffic Location

CBC Orion is pleased to offer for sale, Dan Tree Court Center, consisting of One (1) 24,000 +/- square foot multi-tenant Retail/Office building in Waite Park, MN. Prime high traffic location situated at the stoplight intersection of Highway 15 and 3rd Street North. Located just across 3rd Street from Crossroads Regional Mall, a 890,000 SF regional power center. City of Waite Park is a commercial hub and included in Saint Cloud MSA (MSA of 200,000). 5-mile radius population of over 100,0000. Location is approximately 60 miles northwest of Minneapolis.

Offering consists of two parcels, with one 24,000 total square feet of building on 1.12 acres. Building is split into 12 tenant suites allowing for diversified income stream. Many long terms tenants including Grubers Quilt Shop, Roberts Fine Jewelers, The Fan Zone and others. Dan Tree Court benefits from large elevated digital and pylon signage with excellent visibility to major thoroughfares of Highway 15 and 3rd Street.

More details: 

Parcel A (PID# 98.60679.0000)| 300 4th Avenue NE, Waite Park  – consists of 24,000 total square feet building on 39,213 SF parcel. Current tenants consist of Grubers Quilt shop and Roberts Fine Jewelers. Building was originally constructed in 1972 and expanded/renovated in 1996. Additionally, there are solar panels on the roof to reduce utility expenses.

Parcel B (PID# 98.60688.0000) | consists of a 9,786 SF parcel utilized as an overflow parking lot for Parcel A.

Owner Occupier possibility: These properties have been same family owned and managed for many years. Current owner occupies a large portion for the building for their business. Opportunity for new owner to occupy part of the building and have other tenant’s rental income to offset expenses.

Special Features: 
  • 24,000 SF Total Building Square Footage
  • Prime Location on Primary Thoroughfares of Highway 15 and 3rd Street
  • Potential for Owner Occupancy
  • Additionally, opportunity exists for future re-development

Call today for a complete marketing package.

Price: 
*** Offered For Sale at $1,375,000.00 ($57/SF) ***
Views: 
2480