Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3001/ Marcus & Millichap is pleased to present a ±8.91-acre commercial development site located at 1655 MN-23 (the “Property”) in St. Cloud, Minnesota. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property consists of two parcels totaling ±8.91-acres and benefits from excellent frontage with over 1,000 feet along MN-23 with ±24,863 vehicles per day, providing strong visibility and accessibility. The Property benefits from favorable B-2, Business Enterprise District zoning that allows for a wide variety of uses including retail, restaurant, bank, mini-storage, office, warehousing, and others. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside. St. Cloud, Minnesota is a regional commercial and economic hub in central Minnesota located approximately 60?miles northwest of the Minneapolis - Saint Paul metro area along I-94, U.S. Highways?10,?52, and MN-23 - providing strong transportation access and regional trade area connectivity. The city’s economy is diversified with substantial employment in healthcare, manufacturing, retail trade, education, and public administration, supported by major employers such as CentraCare Health, the St. Cloud VA Health Care System, and state and local government entities. Nearby traffic drivers include Target, McDonald’s, Runnings, Cash Wise Grocery, Caribou Coffee, Subway, Wendy’s, and Arby’s. The Property is located in an area that serves 50,925 people within a 3-mile area and ±91,161 individuals with an AHHI of ±$70,173 within a 5-mile area further enhancing the area’s retail potential. The population has experienced 3.42% growth from 2020-2024 with 3.26% growth expected to continue through 2029.