, Saint Cloud, MN 56301 (MLS# 6426804)

Saint Cloud, MN 56301

$3,850,000
Property Type: Commercial Square Footage: 69,192 Lot Size (sq. ft.): 122,404 Status: Closed
Current Price: $3,850,000 List Date: 8/31/2023 Last Modified: 6/08/2025

Overview

Description

IVY Apartments in Saint Cloud is a great location with close proximity to downtown, parks, schools, and easy access to Interstate 94 and other major thoroughfares. Offering consists of (3) Three - 3 story apartment building totaling approx. 70,000 square feet with Fifty-Four (54) Apartment Units, and 1 Garage/Maintenance Building. Attractive brick and vinyl siding exterior with new 30-year asphalt shingled roofs. The buildings consist of 53 - 4 Bedroom Units and 1 – 2 Bedroom Unit. Unit layout consists of kitchen and dining areas, spacious living area, large closet, dual sink vanities and 1-1.5 bathrooms. Units are nicely equipped with range/oven, fridge/freezer, and dishwashers. Additionally, there are laundry facilities on each floor. These nicely updated apartment buildings have received significant capital improvements in 2023 (approx. $300K invested) consisting of new roofs (all buildings), parking lot upgrades, new intercom systems, and all new common area painting in progres ...

Listing Details MLS# 6426804

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
164
Owner Occupied
No
Year Built
1988
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Size SqFt
122403.6
Foundation Size
23064
For Sale or Lease
For Sale
Acres
2.81
Lot Dimensions
457x248
Assessment Pending
No

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Commercial Exterior: Brick/Stone; Vinyl Financing Terms: Conventional Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Allow Auto Valuation
No
Allow Consumer Comment
No
Off Market Date
2023-10-11
Closed Date
2023-10-23
Sales Close Price
3850000
Original List Price
3995000
Contingency
None
ListPrice
3995000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Saint Cloud
County
Stearns
State
MN
Zip Code
56301
Complex/Dev/Subdivision
Highpoint

Assessments

Tax With Assessments
58112

Building Information

Building Finished SqFt
69192
Building SqFt
69192

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

FIPS Code
27145
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
28
Section#
23
Township#
124

Sale Options

Sale Includes
Building,Land,Leases,Rental License

Unit 2

No. of 2 Bedroom Units
Yes

Unit Details

Total Units
54
IDX
Listing Office: Orion Real Estate Advisors, Inc
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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