1500 9th Avenue S, Saint Cloud, MN 56301

$3,850,000
Property Type: Commercial 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 progress.

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
Garage Stalls
0

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

House Number
1500
Street Name
9th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Saint Cloud
County
Stearns
State
MN
Zip Code
56301
Complex/Dev/Subdivision
Highpoint

Assessments

Tax With Assessments
58112
Assessment Balance
0

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

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

Map Page
231
Municipality
Saint Cloud
Rental License?
Yes
School District
St. Cloud
School District Phone
320-253-9333
Map Coordinate Source
King's Street Atlas
Zip Plus 4
5794
Property ID Number
82474060001
Tax Year
2023
Tax Amount
58112
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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 progress.
Directions
1 Block East of 9th Ave/Clearwater Rd.

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Vinyl
Yes

Financing Terms

Conventional
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Parking Lot
Yes

Rental License Type

Standard
Yes

Sewer

City Sewer/Connected
Yes

Stories

Three Or More
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Commercial
Yes
Listing Office: Orion Real Estate Advisors, Inc
IDX
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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.