Saint Cloud Business Center

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Arron Damon Simpson
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Saint Cloud Business Center 14 7th Avenue North Saint Cloud, MN 56303 For Sale or Lease Located on 7th Avenue in the heart of downtown across from the Court House Square.

1 Saint Cloud Business Center 14 7th Avenue North Saint Cloud, MN For Sale or Lease Located on 7th Avenue in the heart of downtown across from the Court House Square. A large professional reception area with central receptionist who greets your customers, manages your mail & phone. This property offers quality finishes, many shared amenities with two conference rooms, break room & copier usage, security w/cameras, elevator, cleaning service and vast array of office suites from 100 to 8,500 SF offices will accommodate a variety of tenant needs. Located near hotels, banks, restaurants, retail and entertainment! As a point of history, Eich Motor built the building as a Studebaker Car Garage (See Attached photo and brief story) Property Features: Office Space: Parking: Traffic: Zoning: Lease Rates: Class: 38,236 Total SF Private, City Lot Permits, Street 28,000+ AADT C3 Central Business District Starting at $9.00 PSF Class B First Floor Offices and shared rooms Minimum Second Floor Divisible: Offices and shared rooms Third Floor Offices Lower Level Offices and storage 10,609 SF 33 Offices with shared lunch & conference room 8, SF SF approximate 24 Offices with shared conference room 8,509 SF 25 Offices with large open work space 10,609 SF 12 Offices plus 2100 SF Storage SALE PRICE $899,000 $400,000 below recent Appraised Value! *Call for investment opportunity details For more information contact: This information has been obtained from sources believed reliable. We do not doubt its accuracy, however, we have not verified it. We make no guarantee, warranty or representation about it. It is your responsibility, along with your tax and legal advisors to independently confirm its accuracy. This information has been obtained from sources believed reliable. We do not doubt its accuracy,

2 First Floor - 10,609 SF

3 Second Floor - 8,509 SF

4 Third Floor - 8,509 SF

5 Lower Level - 10,609 SF

6 Saint Cloud Business Center Property Detail One of St Cloud s first and only business center of it s kind with numerous shared amenities. The success of which is shown in the occupancy of some of the tenants for over 20 years. Ideal target for a 1031 exchange or owner occupied investment. BUILDING INFORMATION Gross Building Area: 38,236 SF Number of Buildings: Two Number of Stories: Three, plus a full basement Actual Age: 114 Years Year Built: 1900 and 1961 Year Renovated: 1980 Year Built: 14 7th Avenue North: Built in th Avenue North: Built in 1961 Years Renovated: 1980 Net Rentable Area: Lower-Level: 4,023 square feet Above-Grade: 12,810 square feet Total Net Rentable Area: 16,833 square feet Parking: The property contains approximately 8 surface parking spaces with nearby city parking lots and street parking CONSTRUCTION DETAIL Basic Construction: Masonry and wood frame Foundation: Poured concrete slab Framing: Wood post and beam Exterior Walls: Brick and metal panel façade Roof Type: Flat with parapet walls Roof Cover: Built-up assemblies with tar and gravel cover Floors: Wood sub-floor over wood joists Windows: Thermal windows in aluminum frames Pedestrian Doors: Glass, wood and metal MECHANICAL DETAIL Heat Source: Gas Heating System: Forced Air Cooling: Central HVAC roof mounted. Plumbing: The plumbing system is adequate for the existing use and in compliance with local law and building codes. The plumbing system is a combination of PVC, steel, copper and cast iron piping throughout the building. Electrical Service: Electricity for the building is assumed adequate for the current use. Electrical Metering: The building has a master meter. Elevator Service: The building contains elevator. Fire Protection: 100% sprinklered. Security: Interior monitors. Controlled Key Access INTERIOR DETAIL Layout: The buildings are rectangular in shape. There is an elevator centrally located in the building, as well as stair and stairwell access to the multiple levels. The onsite parking is along the north elevation of the improvements. Floor Covering: Combination of commercial grade carpet, tile and wood. Restrooms: The property features adequate restrooms for men and women. PROPERTY ASSESSMENT INFORMATION Assessor's Parcel Numbers: and Assessed Value Totals: Land: $168,000 Improvements: $982,000 Total: $1,150,000 Taxable Assessment: $1,150,000 Assessor's Implied Market Value $1,150,000 Total Property Taxes $41,606

7 Photos

8 The History of Eich Motor Company Bisenius and Eich Farm Machinery Alois A. Eich, known as "A.A.", the first of four generations of the Eich family to run Eich Motor Co. In January of 1897, A.A. and Michael Bisenius formed a partnership to sell farm implements, representing McCormick Harvesting machinery and Studebaker wagons and buggies. The next year they bought several lots in downtown St. Cloud on Seventh Avenue, just north of Saint Germain Street. In 1898 the first unit of what is now the Meyer building (St. Cloud Business Center) was built, called the "machine shed." It still stands as the north half of the present building.

9 Aerial View POST OFFICE POLICE DEPT COURT HOUSE SQUARE

600 W. St. Germain Street, St. Cloud, MN

BANKRUPTCY SALE 99,300 Sq. Ft. Fee-Owned Big Box Retail Store Available 600 W. St. Germain Street, St. Cloud, MN Property Information Memorandum Michael Jerbich (312) 454-2057 michael@agrealtypartners.com