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    11 3Rd Ave S Sauk Rapids, MN 56379

    New
    For Sale
    $359,900

    Commercial - Sauk Rapids, MN

    Lot size:
    0.15 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 11 3Rd Ave S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Residential-Multi-Family
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    190028700
    Parking features
    Other
    Exterior features
    Fiber Board, Wood
    Appliances
    Range, Refrigerator
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1940
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Paul Morrison (952) 829-2900

    Listing date Dec 1, 2025

    MLS# 6800496 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multifamily Investment Property

    This six-unit multifamily property presents a solid investment opportunity, enhanced by recent updates and features designed to attract long-term tenants. A large 6'x25' covered side porch provides outdoor space, complemented by fresh exterior paint on the soffit and fascia, along with seamless gutters. All windows, with the exception of two small lower-level windows, were updated in 2025. All window A/C units are included. Each unit is equipped with kitchen appliances, excluding tenant-owned microwaves. Heating is supplied by forced air furnaces, coupled with gas water heaters. The building rests on a block foundation, featuring cement board and wood siding. The architectural roof shingles are approximately 11 years old. Tenants have access to a shared 4'x10' storage area suitable for lawn and snow equipment. Select tenants have volunteered to assist with yard maintenance during the spring, summer, and fall. Tenants maintain the sidewalks during winter, while landlords handle plowing of the private parking areas. Situated on a 0.15-acre lot, this thoughtfully cared-for property is ready for its next owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sauk Rapids
    County
    Benton
    State
    Minnesota
    Longitude
    -94.16402011
    Latitude
    45.59009894

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    FAQs

    What type of property is this?
    Apartment building - Six-unit property with recent updates and long-term tenant appeal.
    Where is this apartment building located?
    The property is located at 11 3Rd Ave S Sauk Rapids, MN.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Solid 6-unit multifamily investment property.; - Recent updates including windows (updated in 2025 except for 2 small lower level windows) and fresh exterior paint.; - All window A/C units and kitchen appliances (excluding tenant-owned microwaves) included.
    (952) 829-2900
    Request Owner's contact information
    11 3Rd Ave S Sauk Rapids, MN 56379
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    Sauk Rapids, MN 56379
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 3Rd Ave S Sauk Rapids, MN 56379
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