117 3rd Avenue S, Sauk Rapids, MN 56379

New Listing
$1,549,900
Property Type: Commercial Lot Size (sq. ft.): 40,075 Status: Active
Current Price: $1,549,900 List Date: 6/14/2026 Last Modified: 6/14/2026

Overview

Description

Village View Apartments is a perfectly located multi-family asset with 21-units, one block off the main-street in downtown Sauk Rapids, Minnesota. This value-add opportunity in the Saint Cloud metro area sits on a full block with 0.92 acres and consists of a 12-unit, an 8-unit and a single-family home. The unit mix on the apartments is 17 two bedroom and 3 one bedroom all with one bathroom. Professionally managed by Granite City Real Estate Partners. They would entertain staying on with a new owner for management making this a very smooth transition. The apartment buildings are all brick exterior and include twelve detached garages. All the pitched gable roofs were replaced in 2020. Apartments were constructed in 1965 and the sale includes a one and a half story single family home with three bedrooms and two bathrooms. These are very well-maintained properties and feature a mix of one and two-bedroom units all with one bathroom, providing a variety of options for potential re ...

Listing Details MLS# 7092664

General Property Information

Lot Measurement
Acres
Management Company Name
Granite City Real Estate Partners
Multiple PIDs?
Yes
Other Parking Spaces
30
Owner Occupied
No
Waterfront YN
No
Year Built
1965
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
6250
Garage Stalls
14
For Sale or Lease
For Sale
Acres
0.92
Lot Dimensions
132 x 300
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Unit: Ceiling Fan(s); Tile Floors Appliances: Range; Refrigerator Assumable Loan: Not Assumable CMU Style: Apartments/Multi Family; Single Occupancy Construction Materials: Brick; Frame Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Brick/Stone; Vinyl Fencing: None Flooring: Carpet; Tile; Vinyl/Linoleum Foundation: Brick/Mortar; Wood Fuel: Electric; Natural Gas Heating: Baseboard; Boiler; Hot Water Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: None Lot Description: Corner Lot; Tree Coverage - Medium On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Gas; Hot Water; Lawn; Lawn; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water Pool Description: None Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Cable TV; Electricity Topography: Level Wall Description: Plaster Water: City Water/Connected Window Features: Double Pane Windows; Insulated Windows

Contract Information

Contingency
None
ListPrice
1549900
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
117
Street Name
3rd
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Sauk Rapids
County
Benton
State
MN
Zip Code
56379
Complex/Dev/Subdivision
Town Of Sauk Rapids

Additional Parcels Information

Property ID #2
190029600
Property ID #3
190029700

Assessments

Tax With Assessments
24464
Assessment Balance
0
Assessment Installment
0

More Information

Building Information

Building Finished SqFt
18773
Building SqFt
18773
Ceiling Height
8-10

Income and Expenses

Annual Caretaker Expense
11506
Annual Electric Expense
3000
Annual Fuel Expense
13000
Annual Gross Expenses
97894
Annual Gross Income
230139
Annual Insurance Expense
11803
Annual Maintenance Expense
10500
Annual Net Income
132244.63
Annual Trash Expense
7800
Annual Water/Sewer Expense
7100
Total Annual Expenses
97894

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
31
Section#
23
Township#
36

Sale Options

Sale Includes
Building, Land, Leases, Rental License

Unit 1

No. of 1 Bedroom Units
3

Unit 2

No. of 2 Bedroom Units
17

Unit 3

No. of 3 Bedroom Units
Yes

Unit Details

Total Units
21

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
SECT-23 TWP-036 RANGE-031 TOWN OF SAUK RAPIDS LOT-001 BLOCK-030 & LOTS 2 & 3
Listing City
Sauk Rapids
Map Page
226
Municipality
Sauk Rapids
School District
Sauk Rapids-Rice
School District Phone
320-253-4703
Zip Plus 4
1504
Property ID Number
190029500
Tax Year
2026
Tax Amount
24464
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Village View Apartments is a perfectly located multi-family asset with 21-units, one block off the main-street in downtown Sauk Rapids, Minnesota. This value-add opportunity in the Saint Cloud metro area sits on a full block with 0.92 acres and consists of a 12-unit, an 8-unit and a single-family home. The unit mix on the apartments is 17 two bedroom and 3 one bedroom all with one bathroom. Professionally managed by Granite City Real Estate Partners. They would entertain staying on with a new owner for management making this a very smooth transition. The apartment buildings are all brick exterior and include twelve detached garages. All the pitched gable roofs were replaced in 2020. Apartments were constructed in 1965 and the sale includes a one and a half story single family home with three bedrooms and two bathrooms. These are very well-maintained properties and feature a mix of one and two-bedroom units all with one bathroom, providing a variety of options for potential renters. Additionally, the property includes a spacious parking lot with additional off-street separate parking spaces, ensuring that tenants have ample space to park their vehicles. The exterior of the property is well-maintained and features a classic brick façade and newer vinyl windows, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major highways and the downtown Sauk Rapids and Saint Cloud areas, making it easy for tenants to enjoy all the amenities both cities have to offer. Investors looking for a value-add opportunity with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is super clean and well maintained and also in a non-rent controlled city of Minnesota!
Directions
from Sauk Rapids Main Street or Second Street, go northeast on First Street S to Third Ave S and take a right to the three properties

Accessible

None
Yes

Air Conditioning

Wall Unit(s)
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Tile Floors
Yes

Appliances

Range
Yes
Refrigerator
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Brick
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Brick/Stone
Yes
Vinyl
Yes

Fencing

None
Yes

Flooring

Carpet
Yes
Tile
Yes
Vinyl/Linoleum
Yes

Foundation

Brick/Mortar
Yes
Wood
Yes

Fuel

Electric
Yes
Natural Gas
Yes

Heating

Baseboard
Yes
Boiler
Yes
Hot Water
Yes

Lock Box Type

None
Yes

Lot Description

Corner Lot
Yes
Tree Coverage - Medium
Yes

Owner Pays

Gas
Yes
Hot Water
Yes
Lawn
Yes
Maintenance/Repair
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Pool Description

None
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes
Pitched
Yes

Sewer

City Sewer/Connected
Yes

Stories

Three Or More
Yes

Topography

Level
Yes

Wall Description

Plaster
Yes

Water

City Water/Connected
Yes

Window Features

Double Pane Windows
Yes
Insulated Windows
Yes

No. of Ranges

One Per Unit
Yes

No. of Refrigerators

One Per Unit
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

On Site Utilities

Electric Separate
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Apartments/Multi Family
Yes
Single Occupancy
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Downtown
Yes

Rent Rate per Foot

Per Month
Yes

Documents

IDX
Listing Office: Apartment Cash Flow, Inc.
Last Updated: June - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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