About This Home

This 0-bedroom, 1-bathroom commercial at 400 Broadway Avenue N in Foley, MN is listed for $439,900. Built in 1970, on a 0.21 acres lot.

Key Features

  • Built in 1970
  • 0.21 acre lot

Property Details

1 full
1970

Amenities

A/C
Listing Description

Positioned on one of Foley's most visible commercial corners along Hwy 23, this 3,168 square foot professional office building offers immediate income with exceptional long term upside. The property is occupied by established professional office tenants, including a long term lease extending through 2030, while additional leases and future renewals provide opportunities to reposition rental rates and operating income over time.

Multiple vacant office suites offer flexibility for lease up, tenant expansion, owner occupancy, or reconfiguration. Constructed with durable brick and steel and served by zoned heating and cooling systems, the building is designed for long term performance and a variety of professional office, medical, counseling, legal or service based uses.

Foley continues to experience renewed commercial growth following expanded municipal infrastructure, making highly visible office properties increasingly difficult to acquire. Investors and owner occupants alike will appreciate the combination of existing cash flow, leasing flexibility, and meaningful value add potential in one of the community's most recognizable commercial locations.

Monthly Cost Estimate

$2,353/mo

20% down · 6.5% · 30 years

Principal$318
Interest$1,906
Insurance$128

Estimates only. Actual payments may vary.

Location

400 Broadway Avenue N

Foley, MN 56329

Holdridge Add

Property Details

Construction

Brick Steel

Parking

On Street

Heating

ZonedForced Air

Cooling

ZonedCentral Air

Appliances

Water Heater - Electric

Questions & Answers

This 0-bedroom, 1-bathroom commercial at 400 Broadway Avenue N is listed at $439,900. The estimated monthly payment is $2,352 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 0.21 acre lot.

This property is listed by Timothy Schmidt.

TS

Timothy Schmidt

Agent at New Century Real Estate

Listed by New Century Real Estate · Broker phone: (320) 492-3420 · Broker website

MLS# 7012553· Source: Northstar MLS· 280 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

400 Broadway Avenue N, Foley, MN 56329

Open this listing in: