Date
Details
Price
Change
Source
6/14/2026
Listed
$1,549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property 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 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 facade 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!
Full Property Details
Full Property Details for 117 3rd Ave S
General
- Price: $1,549,900
- Taxes: $24,464 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7092664
- Updated: Today (6/14/2026)
- Added to Site: Today
Interior
- Appliances: Range, Refrigerator
- Flooring: Carpet, Tile, Vinyl
Additional Information
- Amenities: Ceiling Fan(s), Tile Floors
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 14
- Parking Features: Attached Garage, Detached Garage
Location
- County: Benton
- Township: Sauk Rapids
- Subdivision: Town Of Sauk Rapids
- Driving 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
School Information
- School District: 47 - Sauk Rapids-Rice
- High School District: Sauk Rapids-Rice
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Baseboard, Boiler, Hot Water
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Common, Hot Water Common
Structural Information
- Exterior Const.: Brick, Frame
- Foundation Size: 6250
- Roof: Age 8 Years or Less, Asphalt, Pitched
- Ceiling Height: 8-10
- Disability Access: None
- Square Feet: 18,773
- Finished Down/Base.: 18,773 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1965
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 0.92
- Lot Dimensions: 132 x 300
- Frontage: City Street, Paved Streets
- Zoning: Residential-Multi-Family
- Lot Description: Corner Lot, Medium Tree Coverage
Financial Considerations
- Operating Expenses: $97,894
- Tax Amount: $24,464
- Tax Year: 2026
- Terms: Conventional, Cash
- Owner Pays: Gas, Hot Water, Grounds Care, Repairs, Sewer, Taxes, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Owner Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: SECT-23 TWP-036 RANGE-031 TOWN OF SAUK RAPIDS LOT-001 BLOCK-030 & LOTS 2 & 3
- Inclusions: Building, Land, Leases, Rental License
- Property ID: 190029500
Listed by Apartment Cash Flow, Inc.
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Schools
Schools serving 117 3rd Ave S
School District:Sauk Rapids-Rice Public Schools
| Name | Grades | Distance |
|---|---|---|
Mississippi Heights Elementary School 1003 4th Street North, Sauk Rapids, MN 56379 | K-5 | 0.7 mi |
Sauk Rapids-Rice Middle School 901 1st Street South, Sauk Rapids, MN 56379 | 6-8 | 0.7 mi |
Sauk Rapids-Rice Senior High School 1835 Osauka Road Northeast, Sauk Rapids, MN 56379 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 117 3rd Ave S
Tax History
Tax History for 117 3rd Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,522
6%
$526,000
3%
2023
$8,076
6%
$510,000
—
2023
$7,638
12%
$510,000
17%
2022
$6,844
2%
$435,400
25%
2021
$6,686
-1%
$348,300
2%
2020
$6,766
3%
$340,800
11%
2019
$6,564
9845%
$308,000
4%
2017
$66
-99%
$296,000
—
2017
$6,120
—
$296,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 117 3rd Ave S
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Sold by Inventure Real Estate, LLC
117 3rd Avenue S, Sauk Rapids, MN 56379 (MLS# 7092664) is a Commercial property. 117 3rd Avenue S is currently listed for $1,549,900 and was received on June 14, 2026. Want to learn more about 117 3rd Avenue S? Do you have questions about finding other Commercial real estate for sale in Sauk Rapids? You can browse all Sauk Rapids real estate or contact a Coldwell Banker agent to request more information.