Redevelopment Value-Add Opportunity | Sauk Centre, MN

Description:

Flexible Redevelopment Potential with Investment Upside -
Currently just 22% occupied, this 26,000+ SF junior anchor box presents a compelling value-add opportunity. The building is in excellent condition with dual loading docks and prominent pylon signage. Short-term leases provide immediate income while preserving long-term flexibility for lease-up or redevelopment.

Newly Resurfaced Parking Lot -
Nearly $100,000 was recently invested to mill and overlay the entire parking lot, enhancing the property’s overall curb appeal. This substantial capital improvement demonstrates the ownership’s strong commitment to ongoing maintenance and also provides tenants and customers with a safer, more attractive, and more functional environment.

Strong Market Fundamentals -
Offered at an attractive low price per square foot, the property is supported by solid market conditions, including a retail vacancy rate of only 4%. Existing tenants are paying below-market rents, creating upside potential. Sauk Centre’s diversified economic base—anchored by healthcare, retail, manufacturing, and agriculture—supports long-term stability and growth.

Prime Regional Retail Location -
Strategically positioned at the I-94/Main Street (US Hwy 71) interchange, the property is shadow-anchored by Walmart Supercenter and benefits from outstanding visibility and traffic, with more than 33,000 vehicles per day across the interchange.

Growing Central Minnesota Market -
Part of the St. Cloud MSA, the largest population hub in Central Minnesota, Sauk Centre offers a stable and growing trade area just 90 minutes from the Twin Cities. The community also benefits from its scenic setting along Sauk Lake, known for its recreation, boating, and fishing, enhancing the area’s lifestyle appeal.

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