400 Broadway Avenue N,Foley, MN 56329
Foley, MN 56329
Description
Positioned on one of Foley's most visible commercial corners along Hwy 23, this 3,168 square foot professional office building offers immediate income with exceptional long term upside. The property is occupied by established professional office tenants, including a long term lease extending through 2030, while additional leases and future renewals provide opportunities to reposition rental rates and operating income over time. Multiple vacant office suites offer flexibility for lease up, tenant expansion, owner occupancy, or reconfiguration. Constructed with durable brick and steel and served by zoned heating and cooling systems, the building is designed for long term performance and a variety of professional office, medical, counseling, legal or service based uses. Foley continues to experience renewed commercial growth following expanded municipal infrastructure, making highly visible office properties increasingly difficult to acquire. Investors and owner occupants alike will appreciate the combination of existing cash flow, leasing flexibility, and meaningful value add potential in one of the community's most recognizable commercial locations.
Details
| MLS # | 7012553 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 257 |
| Listing Provided By | New Century Real Estate | Timothy Schmidt |
Features
| Bath(s) | 1 |
|---|---|
| Story(s) | 1 |
| Units | 10 |
| Zoning | Business/Commercial |
| Acreage | 0.21 |
Interior
| Cooling | Central Air, Zoned |
|---|---|
| Heating | Forced Air, Zoned |
| Appliances | Electric Water Heater |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Brick, Steel Siding |
| Lot Features | Corner Lot, Irregular Lot, Tree Coverage - Light |
Parking
| Parking Features | On-Street Parking Only |
|---|
Utilities
| Utilities | Electric Common, Heating Separate, Hot Water Common |
|---|
Taxes
| Property | 9505 |
|---|
Area Information
| State | MN |
|---|---|
| County | Benton |
| City | Foley |
| Zip Code | 56329 |
| Community Name | Holdridge Add |
| School District | 51 |
| High School | Foley |
| Listing VS Median (in Holdridge Add) | |
Price: $439,900 low | high Med: $0 On site: 257 low | high Med: | |
Market Activity 56329
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Benton |
| City | Foley |
| Zip Code | 56329 |
| Community Name | Holdridge Add |
| School District | 51 |
| High School | Foley |
| Listing VS Median (in Holdridge Add) | |
Price: $439,900 low | high Med: $0 On site: 257 low | high Med: | |