What is the asking price for Value Add Retail - 168,768 SF- Midwest Location | 33% Occupancy with Strong NOI | High Double Digit Cap Rate Potential?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of Value Add Retail - 168,768 SF- Midwest Location | 33% Occupancy with Strong NOI | High Double Digit Cap Rate Potential?

The property has a total square footage of 168,768 SF.

When was this property built?

Value Add Retail - 168,768 SF- Midwest Location | 33% Occupancy with Strong NOI | High Double Digit Cap Rate Potential was built in 1985.

How many parking spaces are available at Value Add Retail - 168,768 SF- Midwest Location | 33% Occupancy with Strong NOI | High Double Digit Cap Rate Potential?

The property features 397 parking spaces, resulting in a parking ratio of 2.35 / 1,000 SF.

600-660 W Saint Germain Street, St. Cloud, MN 56301

For Sale Contact for pricing
Property Type Retail - Free Standing Bldg
Property Size 168,768 SF
Lot Size 1.33 Acre
# of Floors 3
Parking Spaces Avail. 397
Parking Ratio 2.35 / 1,000 SF
Year Built 1985
Date Updated May 12, 2026

Description

168,768 SF three-story masonry building, 33% occupied and generating positive cash flow

Capital One lease through 8/31/2028, with a strong sub-tenant in place in modern, recently renovated space
Prominent downtown corner location with frontage on W Saint Germain St and 7th Ave S
Adjacent public parking garage plus 397 surface spaces supporting accessibility
Walkable urban setting near St. Cloud State University and civic employers
Located within the Minneapolis–St. Paul regional market influence
C-3 zoning supports a range of retail and commercial uses
Offering Summary:

600–660 W Saint Germain Street is a 168,768 square foot, three-story freestanding retail property located in the heart of Downtown Saint Cloud, Minnesota. Currently 33% occupied and generating positive cash flow, Capital One has a lease through 8/31/2028 with a strong subtenant in place.

Positioned on a 1.33-acre corner parcel with frontage along West Saint Germain Street and 7th Avenue South, the asset sits within the city’s primary retail, office, and civic corridor. The property was constructed in 1985 and features flexible large floor plates, masonry construction, a multi-level layout, and direct access to an adjacent public parking garage, in addition to on-site surface parking.

St. Cloud's Draft Downtown Plan (April 2026) designates the subject property as one of only 13 Priority Redevelopment Sites citywide, with multiple paths to value anchored by significant identified demand gaps. This includes a proposed Riverwalk which will physically connect Downtown, St. Cloud State University, and St. Cloud Hospital along the Mississippi, routing thousands of daily trail users through this trade area. It's the same infrastructure playbook the Downtown Plan credits for transforming Stillwater, Red Wing, and Winona into regional dining and entertainment destinations. With the Draft Downtown Plan just released, this is the optimal time for an early mover to reposition this asset and capture the value lift as Downtown St. Cloud transformation gains momentum.

Auctioneer: Col. Frank B., Imholte c/o Fisher Auction Company Inc. License: 84-302. Starting Bid: $500,000