Sauk Centre Mixed-Use Property

For Sale

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

This Sauk Centre property for sale is located at 509 1/2 Sinclair Lewis Avenue & 312 Main Street S. The current listed sale price for Sauk Centre Mixed-Use Property is $1,450,000. Sauk Centre Mixed-Use Property is situated on a lot that is 0.11 acre in size.

Contacts

Jake Cleveland

Inventure Real Estate

Property Details

  • 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 May 22, 2026
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.
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Highlights

  • 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

Getting around

  • 64/100

    Walk Score ®

  • 60/100

    Bike Score ®

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Location

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

Points of Interest

  • Sinclair

    8.20 miles

  • Casey's General Store

    8.23 miles

  • Parking Lot, Sauk River WMA

    2.81 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

  • Americas Best Value Inn Sauk Centre

    0.91 miles

  • AmericInn Lodge & Suites

    1.06 miles

  • Coborn's

    0.86 miles

  • Walmart Supercenter

    1.15 miles

Contact Listing Broker
Jake Cleveland

Inventure Real Estate

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