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29444511
29444513

400 Broadway Ave N, Foley, MN 56329

TS
MN 40984774
$449,900
136 days on market
Updated 67 days ago

400 Broadway Ave N, Foley, MN 56329

Details
Property Type Office
Sub Type Creative Office, Medical Office (+1)
Square Footage 3,168
Units 10
Tenancy Multi
Lease Type Gross
Price per SqFt $142
Year Built 1970
Buildings 1
Stories 1
Acreage 0.210
Zoning Business / Commercial

Office | 3,168 SqFt

Marketing description

In the heart of Foley stands a well-recognized office building with history, presence, purpose, and possibilities. This 3,168 SF commercial office building is well-divided into two primary units, offering flexibility for investors, owner-users, or future redevelopment. Half of the building is secured by a long-term lease; the other half is occupied by two professional office tenants with leases in place through 2026. Plus, six other office spaces are vacant, providing immediate opportunity for lease-up, expansion, or creative reconfiguration. The structure itself is solid with brick, steel, and zoned heating and air with central systems. This place is built to last and adaptable to evolve. Whether preserved, repositioned, or reimagined, the building offers a strong foundation for what comes next. Location is where this property really demands attention. Positioned on a highly visible corner lot along Hwy 23, the main artery through Foley, it benefits from daily traffic, strong sightlines, and natural exposure that cannot be replicated. In a city where commercial availability is limited, this site stands apart. For more than a decade, Foley experienced little to no new commercial development due to infrastructure limitations. That's over now. With sewer and water now connected to St. Cloud, the city has entered a new season of growth, marked with new construction, renewed confidence, and accelerated demand. Properties like this, already established in the city's core, are increasingly rare. This investment is all about location, time, and potential.

MLS Listing #:7012553

Listing Contacts

TS
MN 40984774

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Additional Information

Name
Timothy Schmidt
License
40984774
Brokerage
New Century Real Estate
Brokerage Phone
320-492-3420
Title
Real Estate Sales Person
Brokerage Address
7633 15th Avenue Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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