509 Sinclair Lewis Ave , Sauk Centre, MN 56378
RETAIL For SaleYear Built: 1890
Floors: 2
| Space | Size | Type | Pricing |
|---|---|---|---|
| Sauk Centre Mixed Use Property Portfolio Sale | SALE | $1,450,000.00 |
Jacob Cleveland - Inventure Real Estate
PHONE: 3202918625
PHONE: 3202918625
Austin Ruehle - Inventure Real Estate
PHONE: 3203097598
PHONE: 3209802300
This is apart of a portfolio package including the following properties: - 509 1/2 Sinclair Lewis Ave Sauk Centre MN 56378 - 8,160 SF - 300 Main St S Sauk Centre MN 56378 - 312 Main St S Sauk Centre MN 56378 - 7,520 SF PROPERTY HIGHLIGHTS • Fully occupied mixed-use commercial property: Two building portfolio of 15,680 square feet, offering 16 units (4 retail units + 12 apartment units) • Zoned C-1 Downtown Commercial Zoning: Flexible zoning supports a variety of retail, service, office, and residential uses • Prime downtown location: Situated along Sinclair Lewis Ave and Main Street S, both buildings benefit from strong visibility and local traffic. • Value add: Several retail leases at this property are below market rents, providing significant upside potential upon renewal • Diverse tenant mix: Retail and multifamily components reduce risk and enhance income stability • Walkability: Many different businesses and restaurants on the main drag of Sinclair Lewis Ave and Main Street S, ex: Jitters, Crazy J's Bar & Grill, El Mezcal, etc. • Coin operated washer and dryers in 509 building for added revenue • Recent tenant and common area improvements • Ample city parking located in the back of the buildings • Both roofs redone in 2021