Jacob's Square

835 Driftwood Drive, St. Cloud, MN 56303

Property Information

  • For Sale $1,600,000
  • Property Type Multi-Family
  • Property Size 20,240 SF
  • Units 16
  • Lot Size 1 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1986
  • Date Updated Oct 21, 2026

Description

Jacob's Square Apartments is situated in an established west St. Cloud neighborhood with convenient access to many of the area's largest employment centers, retail destinations, healthcare providers, and recreational amenities. The property is located approximately 1.6 miles from Highway 15 and 5.5 miles from Interstate 94, providing convenient regional connectivity throughout Central Minnesota. Residents enjoy close proximity to Westwood Elementary School and Westwood Park & Splash Pad, with Ridgewood Park and the Lake Wobegon Trail also nearby. The St. Cloud VA Health Care System is approximately 1.8 miles away, while CentraCare St. Cloud Hospital is just 4 miles from the property. Additional nearby amenities include St. Cloud State University, St. Cloud Technical & Community College, Crossroads Center, Target, Costco, Sam's Club, Walmart, and a Metro Bus stop within walking distance, supporting long-term tenant demand and everyday convenience.Jacob's Square Apartments is a 16-unit multifamily community located in west St. Cloud, Minnesota. Built in 1986, the three-story building consists of approximately 20,240 square feet on a one-acre site and features a desirable unit mix weighted toward larger two- and three-bedroom apartments averaging approximately 931 square feet. Residents benefit from secure controlled access, detached garage parking, fiber internet, individually metered electric service, and generous on-site parking. The property has benefited from several recent capital improvements, including new common area carpet, LED lighting upgrades, and the water heater replaced in 2012, while also offering opportunities for future value creation. Additional income potential exists through unrented storage units, expanded in-unit laundry, and enhanced outdoor amenities.

Highlights

  • 16-unit apartment community built in 1986
  • 22 surface parking spaces and 10 detached garage stalls, providing approximately a 2:1 parking ratio
  • Architecturally distinctive stucco, brick, and wood exterior
  • Common area carpet replaced in 2025
  • Fiber internet included for residents
  • Fire alarm monitoring and exterior security camera system
  • Individually metered electric with master gas service
  • Large in-unit storage and some apartments with in-unit laundry
  • LED lighting upgrades in common areas and parking lot
  • Opportunity to continue strategic capital improvements and enhance long-term value
  • Opportunity to lease six existing storage closets for additional income
  • Potential to add additional in-unit laundry and outdoor patio/grilling amenities
  • Secure controlled-entry building with intercom system
  • Spacious floor plans averaging approximately 931 SF
  • Strong mix of two- and three-bedroom apartments
  • Three common laundry areas with card-operated equipment

Contacts

Location

Located at 835 Driftwood Drive, St. Cloud, MN 56303, this property is part of the West St. Cloud neighborhood and Minneapolis St Paul market.

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