Granite Commons LLC Acquires Mixed-Use Property In St. Cloud For $1.3 Million

The property asset involved in the transaction is located at 600 West Saint Germain Street, St. Cloud, MN. The sale was completed on 08/03/2026, with a sale price of $1,300,000. This mixed-use property spans 1.2 acres and encompasses a total square footage of 169,000, resulting in a price per square foot of $8.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,300,000
• Address: 600 West Saint Germain Street
• Market: St. Cloud, MN
• Acres: 1.2
• Square Footage: 169,000
• Price per Square Foot: $8
• Buyer: Granite Commons LLC
• Brokers: Jon Ruzicka, Tom Gommels, Shilpa Matlock, Ian Grusd & Connor Curtin - Marcus & Millichap

This transaction marks Granite Commons LLC's acquisition of the former Herberger's building, which has been identified as a priority site in the city's downtown revitalization plan. The firm anticipates finalizing redevelopment plans within approximately three months, with potential uses including multifamily housing, entertainment, and mixed-use space.