Property Listing No Longer Available for Sale

300 Main St S, Sauk Centre, MN

Multi-family for Sale - $399,000 - 13,264 Sq. Ft. on 0.16 acres


Property Info

CIMLS#135316
Location
  300 Main St S
  Sauk Centre MN 56378
UpdatedApril 1st, 2014
TypeMulti-family
Price$399,000
Building13,264 Sq. Ft.
Land0.16 acres

Property Description

Excellent opportunity to own this mixed use income property - a combination of 8 Apartment Units, with 3 Retail Storefront Units. Located at the corner of Main Street and Sinclair Lewis Avenue, in the heart of this vibrant Western Stearns County town. High traffic location ideal for retail, with and excellent central location for both retail and residential uses. Many recent renovations make this an unique turnkey investment opportunity.

The main level area consists of approximately 6,600 sq ft and is divided into three separate commercial spaces. Currently there are two tenants occupying this section with approximately 2 years remaining on their leases. There is just one remaining smaller 1,500 sq ft space available for rent. Each tenant pays their own utilities.

The upper level of the building consist of eight apartments units, which are located directly above the main level retail space. Unit mix consists of 5 - Two bedroom units, and 3 - One bedroom units. Each unit has separate heating and cooling and is separately metered. Tenants pay their own utilities. These apartments were constructed new in 1999, and have undergone significant renovations in 2012. All apartments units are currently occupied. Many recent renovations make this an unique turnkey investment opportunity.

Call Scott at 320.267.4576 today or find more at www.cbcorion.com.


Financials