facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

Minnesota

/

Mixed Use

/

Sale

/

600 West Saint Germain Street

Updated Aug 5, 2026

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

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

600 West Saint Germain Street

$1,300,000

$7/SF

Building Size

169,000 SF

Asset Type

Mixed-use

Closing

Aug 3, 2026

About this deal

AI

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:

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.

On the Map

Open live map

$1,300,000

$7/SF

Mixed-use

View full map

Players

Jon Ruzicka

Marcus & Millichap

Broker

$170.1M

vol

21 deals

Broker

Saint Germain Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Deal FAQ

About $7 per square foot on a published $1.3M for 169,000 square feet (2026).

Visit Tom Gommels to view all their deals.

Browse Minnesota mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets