400 Broadway Avenue N

Description

In the heart of Foley stands a well-recognized office building with history, presence. purpose, and possibilities. This 3,168 SF commercial office building is well-divided into two primary units, offering flexibility for investors, owner-users, or future redevelopment. Half of the building is secured by a long-term lease; the other half is occupied by two professional office tenants with leases in place through 2026. Plus, six other office spaces are vacant, providing immediate opportunity for lease-up, expansion, or creative reconfiguration. The structure itself is solid with brick, steel, and zoned heating and air with central systems. This place is built to last and adaptable to evolve. Whether preserved, repositioned, or reimagined, the building offers a strong foundation for what comes next. Location is where this property really demands attention. Positioned on a highly visible corner lot along Hwy 23, the main artery through Foley, it benefits from daily traffic, strong sightlines, and natural exposure that cannot be replicated. In a city where commercial availability is limited, this site stands apart. For more than a decade, Foley experienced little to no new commercial development due to infrastructure limitations. That's over now. With sewer and water now connected to St. Cloud, the city has entered a new season of growth, marked with new construction, renewed confidence, and accelerated demand. Properties like this, already established in the city's core, are increasingly rare. This investment is all about location, time, and potential.