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Point Germain Apartments

Point Germain Apartments

3346 W St Germain Street  /

Property Details

Price:
Property Type Multifamily
Year Built: 1992
Number of Units: 22
Garages: 16
County: Stearns

Description

Michel Commercial Real Estate is pleased to present an exclusive listing for the Point Germain Apartments (“Point Germain” or the “Property”), a 22-unit apartment property located in St. Cloud, Minnesota. Built in 1992, Point Germain offers a desirable unit mix with spacious layouts and detached garages. St. Cloud is the county seat of Stearns County and extends into Benton and Sherburne counties as well. The St. Cloud metropolitan area is growing rapidly and was selected as one of 18 cities across the United States to participate in Communities of Excellence 2026, an initiative designed to help cities strive for better health, higher educational achievement, and stronger economies. Point Germain is centrally located near St. Cloud’s many beautiful parks, the Crossroads Center mall, and other shopping destinations, including Costco and Walmart. St. Cloud is 65 miles from the Twin Cities, with multiple highways connecting the two metropolitan areas.

Location

St. Cloud is the twelfth largest city in the state of Minnesota, stretching across Stearns, Benton, and Sherburne Counties. The city of St. Cloud has a population of 69,305—a 5.41% increase since 2010. The larger St. Cloud metropolitan area has a population of 189,093. As of 2022, the average household income is $66,902, and the median home value is $158,500. St. Cloud is located in the heart of Minnesota’s top agricultural region and has a strong base in medical, educational, commercial, and industrial business. St. Cloud is home to many manufacturing and distribution centers, which make up a sizable portion of the city’s employment market. St. Cloud’s largest employers are CentraCare Health Systems, St. Cloud State University, St. Cloud VA Health Care System, and the St. Cloud Area School District. St. Cloud is just 65 miles northwest of the Twin Cities Metropolitan Area via Interstate 94. Residents also enjoy easy access to U.S. Highways 52 and 10 and Minnesota State Highways 15 and 23. In 2019, St. Cloud won four awards from the International Awards for Liveable Communities (LivCom) in Rome, honoring the city’s public spaces, arts and culture management practices, community feel, and overall livability.

Highlights

Rental Upside
• Loss-to-Lease Opportunity
• Value-Add Opportunity
• Strong In-Place Income
• Desirable Unit Mix

Convenient Location
• Less than one mile from Heritage Park
• 1.5 miles from major commercial center (Walmart, Crossroads Center, restaurants)
• 3 miles from downtown St. Cloud
•  Less than 10 minutes from Interstate 94

 

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