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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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607 1st St SE , Saint Cloud, MN 56304
$1,400,000
Est. Payment: $7,233.06/mo
0 Bed
0 Bath
22100 Sqft
Status: Active | Days on site: 59
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251773 - 502049162
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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@mvcre.com to setup a showing.
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Highlights

Listed by Amanda Matajira , 651-260-6996 Financially Free, LLC , 612-559-0150. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.42

Year Built

1961

County

Benton

 Neighborhood

East St Cloud

 School District

St. Cloud

Listing ID

7107060

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:City Water/Connected

Exterior Features

Lot Dimensions:127x150x124x135
Zoning:Industrial
Sewer:City Sewer/Connected
Parking Features:Floor Drain,Heated Garage,Multiple Garages,Parking Lot,Paved Lot
Principal Interest
$7,233
Taxes
$1,666

Home Price

$1,400,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$280,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,233.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,233.06 $1,666.33 $0.00 $8,899.39
Yearly $86,796.69 $19,996.00 $0.00 $106,792.69
Total $2,603,900.79 $599,880.00 $0.00 $3,203,780.79
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Saint Cloud, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-06T11:00:07.000Z

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