1901 Kruchten CtSartell, MN 56377

  • Commercial real estate
  • 11,232 SF
For Sale
$4,225,000 View listing

Property Details for 1901 Kruchten Ct

Year built
2006
Construction
WOOD
Lot size
2.03 AC
Property size (Sq ft)
11,232 SF
Property type
Commercial real estate
APN
92.57044.0927
APU
92570440927

Description

This exceptional investment opportunity presents a fully occupied, 23,598 square foot Class B executive office building situated on an 88,216 square foot lot in Sartell, Minnesota. The property, located at 1901 Kruchten Ct S, zip code 56377, consists of two units and is currently operating at 100% occupancy, generating strong rental income. Originally constructed in 2006, the building underwent a complete renovation in 2024, ensuring modern amenities and a fresh, updated aesthetic. The property is categorized as a Core investment, with a Net Net Net (NNN) lease type. Its prime location in Stearns County offers excellent accessibility and visibility, making it an attractive proposition for discerning investors seeking a stable and high-performing asset. The building's recent renovation, combined with its consistently high occupancy rate, positions it for continued success and long-term value appreciation. This is a rare opportunity to acquire a well-maintained, high-performing office building in a thriving Minnesota market. The asking price for this turnkey investment is $4,225,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,340,400
    6.5%
    $2,160,370
    7%
    $2,006,060
  • Comparable approach

    Method
    Valuation
    Relative Method
    $573,281
    Geo Method
    $573,281
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $4,266,220
    Retail / Commercial
    $2,185,160
    Mixed-Use / Specialty
    $2,175,370
    Hospitality / Lodging
    $1,593,400
    Office
    $2,160,370
    Institutional / Educational
    $2,260,800
    Residential Income
    $2,645,140
    Multifamily
    $3,183,500
    Automotive / Energy
    $1,937,830
    Parking / Income-Based Land
    $670,693
    Restaurant / Food Service
    $1,127,170
    Healthcare / Senior Housing
    $2,232,850

Location Insight

City
Sartell
County
Stearns
State
Minnesota
Latitude
45.5942
Longitude
-94.1987
CBSA code
41060
CBSA name
ST. CLOUD, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$78,268
$463,100
$2,207,300
$2,670,400
-
$463,100
$2,207,300
$2,670,400

FAQs

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