Development Opportunity

Investment Overview

Mid-America Real Estate – Minnesota is pleased to present the opportunity to acquire 45 & 55 Park Avenue South (the “Property”), an improved development lot located in the heart of the St. Cloud retail trade area. The St. Cloud retail trade area has a substantial regional draw, with many retailers having top performing stores in the immediate area. The Property provides a developer or owner-user a unique opportunity to take advantage of a “development ready” site with strong tenant demand.

Investment Highlights

• Prime Retail Location - The Property is located along the primary retail corridor in the regional trade area that serves Central Minnesota. Many daily traffic drivers are located in the immediate trade area, including Crossroads Mall, Target, HOM Furniture, Best Buy, and many other national retailers and restaurants.
• Development Ready - The Property has one existing building on site that can be re-used or demolished. All off-site requirements are complete, utilities are stubbed to the site, storm water management done, and the site is level graded. Multiple pylon signs exist, with space for the developments users. This will allow a buyer to work through entitlements quickly, start construction, and save substantial costs from this work already being done. Current owner has invested over $600K in sitework.