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1190 Main St S 25,904 SF 100% Leased Retail Building Sauk Centre, MN 56378 $1,200,000 ($46.32/SF) 6.45% Cap Rate
Investment Highlights
- 2.18 AC on signalized 4-Way Intersection
- Less than a mile away from Interstate 94
- Sauk Centre is part of the St. Cloud MSA- the largest population center in the state's central region
- Property is adjacent to Circle-K, Caribou Coffee and McDonald's
- High demand retail market with only 4% Vacancy Rate
Executive Summary
This multi-tenant retail property at 1190 Main Street South in Sauk Centre, MN presents a value-add investment and redevelopment opportunity within the thriving St. Cloud metropolitan statistical area. Featuring 20,522 SF on a 2.18-acre parcel, the property includes established tenants such as Snap Fitness and Kraemer Lumber Company. Positioned on a signalized four-way intersection within a mile of Interstate 94, this high-visibility location benefits from consistent traffic flow and strong regional connectivity.
The site offers exposure to a robust trade area with adjacent national brands including Circle K, Caribou Coffee, McDonald’s, and Walmart. The Sauk Centre market exhibits a low retail vacancy rate of approximately 4%, indicating sustained tenant demand and long-term stability. Offering an NOI of $77,400, this property generates immediate income potential while providing ample upside through redevelopment or repositioning strategies. Investors can leverage the property’s favorable location within Minnesota’s central corridor and capitalize on ongoing regional growth dynamics.
The site offers exposure to a robust trade area with adjacent national brands including Circle K, Caribou Coffee, McDonald’s, and Walmart. The Sauk Centre market exhibits a low retail vacancy rate of approximately 4%, indicating sustained tenant demand and long-term stability. Offering an NOI of $77,400, this property generates immediate income potential while providing ample upside through redevelopment or repositioning strategies. Investors can leverage the property’s favorable location within Minnesota’s central corridor and capitalize on ongoing regional growth dynamics.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
25,904 SF
Building Class
C
Year Built
1948
Price
$1,200,000
Price Per SF
$46.32
Cap Rate
6.45%
NOI
$77,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
4.36 AC
Parking
11 Spaces (0.54 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 94.58095.0000 | Improvements Assessment | $605,400 |
| Land Assessment | $332,400 | Total Assessment | $937,800 |
Property Taxes
Parcel Number
94.58095.0000
Land Assessment
$332,400
Improvements Assessment
$605,400
Total Assessment
$937,800
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1190 Main St S
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