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For Sale

Sauk Centre Mixed-Use Property

509 1/2 Sinclair Lewis Avenue & 312 Main Street S, Sauk Centre, MN 56378

Inventure Real Estate is pleased to present a rare, fully stabilized mixed-use investment offering in the heart of Sauk Centre’s vibrant downtown district. This two-building portfolio—located along two of Sauk Centre's most traveled corridors at 509 1/2 Sinclair Lewis Avenue (8,160 SF) and 312 Main Street S (7,520 SF)—totals 15,680 square feet and is 100% occupied, providing investors with immediate in-place cash flow. Positioned within the C-1 Downtown Commercial District, these well-maintained properties feature a strong blend of retail and residential units. Together, the buildings contain 16 total units, including four street-level retail suites and 12 apartment units above, offering diversified income streams and stable tenancy. Both buildings benefit from prominent visibility, pedestrian traffic, and close proximity to Sauk Centre’s core amenities—including restaurants, shops, and community services. With their strategic location and full occupancy, these properties present an exceptional opportunity for investors seeking a asset in a growing regional market.Inventure Real Estate is pleased to present a rare, fully stabilized mixed-use investment offering in the heart of Sauk Centre’s vibrant downtown district. This two-building portfolio—located along two of Sauk Centre's most traveled corridors at 509 1/2 Sinclair Lewis Avenue (8,160 SF) and 312 Main Street S (7,520 SF)—totals 15,680 square feet and is 100% occupied, providing investors with immediate in-place cash flow. Positioned within the C-1 Downtown Commercial District, these well-maintained properties feature a strong blend of retail and residential units. Together, the buildings contain 16 total units, including four street-level retail suites and 12 apartment units above, offering diversified income streams and stable tenancy. Both buildings benefit from prominent visibility, pedestrian traffic, and close proximity to Sauk Centre’s core amenities—including restaurants, shops, and community services. With their strategic location and full occupancy, these properties present an exceptional opportunity for investors seeking a asset in a growing regional market.

Key features

  • Ample city parking located in the back of the buildings
  • Both roofs redone in 2021
  • Coin operated washer and dryers in 509 building for added revenue
  • Diverse tenant mix: Retail and multifamily components reduce risk and enhance income stability
  • Fully occupied mixed-use commercial property: Two building portfolio of 15,680 square feet, offering 16 units (4 retail units + 12 apartment units)
  • Prime downtown location: Situated along Sinclair Lewis Ave and Main Street S, both buildings benefit from strong visibility and local traffic.
  • Recent tenant and common area improvements
  • Value add: Several retail leases at this property are below market rents, providing significant upside potential upon renewal
  • 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.
  • Zoned C-1 Downtown Commercial Zoning: Flexible zoning supports a variety of retail, service, office, and residential uses
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Contacts

broker
Jake Cleveland

Inventure Real Estate

Building Details

  • For Sale $1,450,000
  • Property Type Multi-Family
  • Property Size 15,680 SF
  • Units 16
  • Lot Size 0.11 Acre
  • Parking Spaces Avail. 24
  • Year Built 1900
  • Date Updated Jun 11, 2026

Getting Around

  • Walk Score ®

    Somewhat Walkable (64)
  • Bike Score ®

    Bikeable (60)
Powered by Walk Score ®

Location

  • City Sauk Centre, MN
  • Zip Code 56378
  • Market Minneapolis St Paul
  • Map
  • Street

Points of Interest

Casey's General Store

8.23 miles

Parking Lot, Victor Winter WMA

5.59 miles

Parking Lot, Miller WMA

6.61 miles

Parking Lot, Spirit Marsh WMA

6.87 miles

Parking Lot, Elgin Woods WMA

6.90 miles

Parking Lot, Grey Eagle WMA

7.70 miles

DQ Grill & Chill

0.81 miles

Hardee's

0.84 miles

McDonald's

0.97 miles

Saukinac Campground and Saukinac Bar & Grill

6.18 miles

Subway

8.24 miles

Burger King

8.33 miles

Padaua Pub

9.93 miles

Walmart Supercenter

1.15 miles

Sauk Centre Police Department

0.10 miles

CentraCare Health - Sauk Centre

0.63 miles

CentraCare Health – Melrose

7.48 miles

Melrose Police Department

8.07 miles

Melrose Fire Department

8.18 miles

509 1/2 Sinclair Lewis Avenue & 312 Main Street S Listing Summary

  • What is the asking price at Sauk Centre Mixed-Use Property?

    Sauk Centre Mixed-Use Property is currently listed for sale at Contact for pricing.

  • What is the total size of Sauk Centre Mixed-Use Property?

    Sauk Centre Mixed-Use Property has a total of 15,680 square feet.

  • What is the year built for Sauk Centre Mixed-Use Property?

    The year built for Sauk Centre Mixed-Use Property is 1900.

Contact Listing Broker
broker
Jake Cleveland

Inventure Real Estate

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