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$999,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 14,976 Sq. Ft.
  • 1.3 Acres
  • Updated 19 hours ago
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100% Occupied 16 Unit Apartment Building With Immediate Cash Flow Generating $140,000 in annual gross income on the edge of town surrounded by farm fields, park across the street, and long history of low vacancies only minutes from Cold Spring, I-94 and the large St. Cloud Metro. Only a few vacancies in the past 5 years and immediately filled. Two 1970 brick buildings consisting of 12 - Two Bedroom units averaging $775 in rent with market rents being around $900 and 4 - One Bedroom units averaging $650 in rent with market rents being around $750 per unit. Many recent updates including architectural shingles, vinyl windows, and nearly all units have been updated such as the three units in photos with newer flooring, paint, kitchen, appliances, bathrooms & fixtures. Two new sets of coined washer/dryer for additional income. Hot water boiler heat the owner pays for gas, plus water, sewer, garbage, snow removal and lawn care. Tenants pay for electric heat with 16 separate electric meters and AC units on 60 amp fuses. 6 garage stalls and blacktop parking lot. Annual expenses Include: Insurance $9,365, Taxes $13,950, Garbage $6,500 Water/Sewer $12,000, Electric $3,800, Gas $7,500 This is a rare find and opportunity to own a TURN KEY cash flowing apartment building.

Full Property Details for 314 Co Rd 8

General

  • Price: $999,900
  • Taxes: $13,792 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7036914
  • Updated: 3/20/2026
  • Added to Site: 6 day(s) ago

Parking

  • Garage: Yes
  • Garage Description: 24 x 72
  • Garage Spaces: 6
  • Parking Features: Detached Garage, Asphalt, Multiple Garages, Paved Lot, Unassigned

Location

  • County: Stearns
  • Township: Rockville
  • Driving Directions: From Hwy 23, head North of Co Rd 8, property on the left

School Information

  • School District: 2255 - Rocori
  • High School District: Rocori

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Boiler, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Foundation Size: 3744
  • Roof: Asphalt, Pitched
  • Disability Access: None
  • Square Feet: 14,976
  • Finished Down/Base.: 14,976 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1969

Lot Features

  • Lot Size (Acres): 1.3
  • Lot Dimensions: 160 x 360 x 160 x 360
  • Frontage: City Street
  • Zoning: Business/Commercial, Residential-Multi-Family
  • Lot Description: Corner Lot, Light Tree Coverage

Financial Considerations

  • Tax Amount: $13,792
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Fuel, Gas, Hot Water, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Water
  • Tenant Pays: Broadband, Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: 17 -123 -029 1.30 A. THAT PART OF E 165' OF NW4NE4 LYING S'LY OF HWY #23 OLD # 76.41642.050
  • Inclusions: Building, Leases
  • Property ID: 76416330800

Listed by Central MN Realty LLC

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Listing agent

— 314 Co Rd 8 —

  • Central MN Realty LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 314 Co Rd 8

School District:Rocori Public School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 314 Co Rd 8 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/15/2026
Listed
$999,900
4.16%
MLS
10/29/2021
Sold
$960,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 314 Co Rd 8

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,792
12%
$988,400
3%
2023
$12,336
20%
$959,600
64%
2021
$10,290
-9%
$585,800
-32%
2023
$11,338
—
$864,000
47%
2023
$11,338
10%
$585,800
-2%
2021
$10,290
1%
$598,800
5%
2020
$10,220
4%
$568,900
3%
2019
$9,840
-2%
$554,800
2%
2018
$10,030
4%
$546,600
100%
2016
$9,668
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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314 County Road 8, Rockville, MN 56369 (MLS# 7036914) is a Commercial property. 314 County Road 8 is currently listed for $999,900 and was received on March 15, 2026. Want to learn more about 314 County Road 8? Do you have questions about finding other Commercial real estate for sale in Rockville? You can browse all Rockville real estate or contact a Coldwell Banker agent to request more information.

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