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$5,750,000
7038261 MLS
Cherry Square is an apartment complex on the corner of 2nd St. and Cherry St. formerly known as the Inn Towne Motel in the downtown Mankato bar district. It was built in 1950. This 38 unit- 3 story complex is built of pre-stressed concrete and brick. Parking is on the main level under the square shaped building which is elevated on columns. The apartments, consisting of 8 two bedroom units and 30 one bedroom units, went through a total remodel in 2022 and early 2023. There is ample parking on the property for all residents. Building #2 (121 E Cherry St) is a commercial building consisting of 12,663SF which is leased to Menari Body Works. The elevator is shared with the apartment building and the commercial building. Building #3 (117 E Cherry St) is a two story 2,904 SF brick building that has two apartments that are each 4 bedrooms.

500 S 2nd Street, Mankato

Listing courtesy of Landmark Realtors, LLC.

$750,000
7045816 MLS
Nice opportunity to own a well-established, turnkey lakefront restaurant/bar on the beautiful Fairmont Chain of Lakes. This remodeled property (2021) offers 142 feet of lakeshore and a new 100-foot dock, allowing guests to conveniently arrive by boat while also providing ample on-site parking for vehicles. The comfortable, fun, lake setting creates an enjoyable experience, combining steady local traffic with seasonal lake visitors. The main level features an inviting bar area with high-top seating, televisions, pull-tab machines, and restrooms, creating the perfect casual atmosphere. The outdoor space is designed to maximize enjoyment during the spring, summer, and fall seasons. Guests can relax with ample seating, take in the views, and enjoy live entertainment from the covered stage, which is equipped with lighting and sufficient electrical capacity. Stainless steel rail seating adds to the functionality and appeal of the outdoor space. The upper level expands the experience with a second full bar, seating for approximately 50 guests, large windows showcasing picturesque lake views, an electric fireplace, and access to an outdoor deck overlooking the guests and music below. This level has both elevator access and indoor/outdoor stairways with a handicap-accessible restroom. It can also be reserved for private events, offering flexibility for additional revenue year-round. During the winter it provides a larger area to continue hosting entertainment. The kitchen, remodeled in 2015, is fully equipped and designed for efficiency, featuring a flat top, fryer, oven, dishwasher, cold prep area, heat lamp station, walk-in cooler, and freezers. Additional income opportunities include fuel sales for boaters and 12 leased boat slips (5 yr lease). All equipment, furnishings, and inventory are included in the sale, making this a true turnkey operation. With its strong reputation, multiple revenue streams, and prime waterfront location, this property presents an exceptional opportunity for an owner-operator or investor to step into a thriving business.

501 & 504 Lake Avenue, Fairmont

Listing courtesy of RE/MAX TOTAL REALTY.

$289,000
7045462 MLS
SOJO Coffee Company is a cozy coffee shop, eatery and roastery located in downtown Lakefield, MN. This charming hometown coffee shop offers more than just great coffee—it’s a place where connections are made, entrepreneurs thrive and traditions are built. This hometown shop has become a daily stop for locals and visitors alike. Inside, you’ll find a cozy, thoughtfully designed space with Lakefield heirlooms as the core pieces. The aroma of freshly brewed coffee and baked goods fills the air makes SOJO feel like home. With a loyal customer base and strong community presence, the business benefits from consistent foot traffic and repeat patrons. Whether it’s the morning rush of regulars, kiddos stopping for ice cream, or friends catching up over lattes, the shop serves as a central gathering place. This turnkey opportunity includes established branding, operational systems, and a reputation for quality and care. Ideal for an owner-operator or entrepreneur looking to step into a beloved local business, this coffee shop combines small-town charm with proven success.

206 2nd Avenue N, Lakefield

Listing courtesy of Stan Sievert Agency.

$1,250,000
7045169 MLS
Positioned in a highly accessible and desirable commercial corridor in Sauk Rapids, this versatile office-industrial property offers a rare combination of high-end finishes and functional workspace, ideal for a wide range of contractor and service-based businesses. The property features approximately 6,600 square feet of premium office space, thoughtfully designed with multiple private offices, conference rooms, and a well-appointed kitchen and break area. The interior buildout reflects exceptional quality and professionalism, making it well-suited for companies seeking to elevate their corporate image while maintaining operational efficiency. Complementing the office component is 4,200 square feet of warehouse/storage space, complete with an overhead door. This area offers excellent flexibility and can be easily adapted for shop use, equipment storage, or light industrial operations. Situated on 2.24 acres, the site provides ample parking along with significant potential for future expansion, outdoor storage, or fleet accommodation—a key advantage for growing businesses. Strategically located just off Highway 23 and Highway 95, and only minutes from Highway 10, the property offers outstanding regional connectivity for employees, clients, and logistics. This property is exceptionally well-suited for contractor-based operations, including HVAC, electrical, plumbing, excavation, roofing, and general construction firms seeking a centralized headquarters that supports both administrative and operational needs. Key Highlights: 6,600 SF high-quality office buildout, 4,200 SF warehouse/shop space with overhead door, 2.24-acre site with expansion potential, ample parking and outdoor storage capability. Excellent access to major highways. Ideal for contractor and service-based businesses.

5114 Marson Drive, Sauk Rapids

Listing courtesy of Premier Real Estate Services.

$85,000
7010971 MLS
Located in downtown Lakefield, this flexible commercial property is full of opportunity. Bring your vision! Interior walls are brick, with exposed ceilings to create a cool, industrial vibe. While it currently doesn’t have direct street access, a future owner add a custom storefront entrance or vestibule to fit their vision and use of space. Access is off the back alley, featuring both a regular walk-in door and also overhead garage door! The rear garage offers a clean, functional space ideal for storage, a workshop, or business use, while the front area provides additional room for retail, office, or other creative uses. This is truly a blank canvas—perfect for entrepreneurs, investors, or anyone ready to bring their ideas to life. Or, simply use this as your own personal storage garage! If you’ve been waiting for a space to shape into your own, this is your opportunity.

308 Main Street, Lakefield

Listing courtesy of Edina Realty, Inc..

$180,000
7044637 MLS
Offered at $180,000, this well-maintained and recently remodeled commercial building is an excellent investment or owner-user opportunity. Currently operating as a prosperous nail salon, the property is move-in ready and ideal for continued salon use or other business ventures. The interior has been updated with new windows, flooring, and fresh professional paint throughout. The space is equipped with a split A/C system and air-to-air exchanger, ensuring year-round comfort and efficiency. For buyers seeking a turnkey business, there is an option to purchase the property fully equipped with all nail salon equipment for $240,000, allowing for immediate operation with minimal additional investment.

808 W Oakland Avenue, Austin

Listing courtesy of Help-U-Sell Heritage Real Est..

$425,000
6 Beds 4 Baths 6823925 MLS
4-plex on St. Paul's West Side. Potential owner-occupant opportunity with one unit becoming vacant at the end of June. Located in a tucked-away residential block with easy access to downtown, West Side Flats, and District del Sol. Near parks, restaurants, and transit. Two 2BR/1BA and two 1BR/1BA units, 2,950 SF total. All four tenants on signed leases (mid-2026 through mid-2027) with rents raised during the most recent lease-up cycle. Current rents still sit below market ceiling, leaving room on renewals. Tenants pay gas and electric; landlord covers water/sewer and trash. Enrolled in St. Paul's 4d Affordable Housing Incentive Program, featuring up to 80% reduction in property tax class rates. The covenant transfers with the property, with estimated annual savings of $4,600+ over standard rates. Two units turned over in mid-2025 and were re-leased at meaningfully higher rents. The recent turnover cycle is complete; all four units are performing well with no deferred maintenance carried over. Priced under $500k with a low tax basis, strong occupancy, and cash flow in place. This is a rare combination to find in St. Paul's current market.

485 Belvidere Street E, Saint Paul

Listing courtesy of MRG Realty Partners, LLC.

$329,900
7043049 MLS
Prime your business for success in this beautifully remodeled commercial office space in the heart of downtown Cannon Falls! From the moment clients walk in, they’ll be welcomed by a warm and inviting reception area and comfortable waiting room, setting the tone for a professional and polished experience. The layout is thoughtfully designed for productivity, featuring a spacious conference room, five finished private offices, and two additional rooms ready to be transformed into future offices or convenient storage. A dedicated break room area and two half baths add everyday functionality for your team and clients. Need more room? This property also offers extra space within the building suited for additional storage. Positioned right on 4th Street in downtown Cannon Falls, this high-visibility location ensures easy access and excellent exposure for your business. Newer roof and HVAC. Don’t miss this opportunity to elevate your workspace in a prime downtown setting!

215 4th Street N, Cannon Falls

Listing courtesy of Cannon Realty.

$4,250,000
7042717 MLS
A rare offering in the world of hospitality and winemaking, Dennis Drummond Wine Co. presents an extraordinary opportunity to acquire an established winery, event destination, and acclaimed brand. The offering includes a sophisticated event center, on-site production facilities, and six internationally awarded wines that have helped define its reputation. Thoughtfully designed for memorable gatherings and seamless operations, the property also features a full-service restaurant with industrial kitchen, an elegant bridal suite, and a private apartment for owner or guest accommodations. Offered as a turnkey enterprise, this is a compelling opportunity to carry forward a celebrated legacy in wine, events, and exceptional hospitality. Transition assistance may be available to support a seamless ownership experience.

11919 Thiesse Road, Brainerd

Listing courtesy of Northland Sotheby's International Realty.

$885,000
7041157 MLS
Turnkey 15-unit investment opportunity in a high-demand rental location near St. Cloud State University, Lake George, and downtown amenities. This four-level building consists entirely of 1-bedroom, 1-bath units—an efficient unit mix that supports strong occupancy and consistent cash flow. Designed for ease of ownership, the property features a low-maintenance stucco exterior, on-site laundry for additional income potential, off-street paved parking, new shingles (June 2026), and dedicated landlord storage space. Its walkable location and proximity to transit and campus amenities make it highly attractive to tenants, helping minimize vacancy risk. With stable rental demand, value-add potential, and operational efficiencies already in place, this asset presents an excellent opportunity for investors seeking reliable returns and long-term appreciation. Schedule your private tour to explore this income-producing opportunity.

320 7th Avenue S, Saint Cloud

Listing courtesy of Coldwell Banker Realty.

$449,900
7 Beds 3 Baths 7041832 MLS
Get below market 5% interest rate with 3-5 Year Contract For Deed (seller financing) This memorable Saint Paul duplex near Hamline University combines nearly $4,000 in monthly rent, flexible financing, historic character... Unit 1636 currently rents for $2,240/month and features original hardwood floors, beautiful period trim and moldings, and a main-floor half bath. Then comes the surprise: tucked away on the third floor behind Art Space, Recording Studio, office, recreation room, entertainment space, creative retreat... this is a room looking for its next idea. Next door, Unit 1638 generates another $1,700/month, bringing current combined rents to $3,940/month. Add a premium Owens Corning 25-year roof installed in 2019, newer detached 2-car garage, two additional parking spaces and generous open-rafter storage.

1636-1638 Minnehaha Avenue W, Saint Paul

Listing courtesy of RE/MAX Results.

$295,000
5 Beds 3 Baths 7042144 MLS
This is your chance to own a fully leased, income generating triplex on high-visibility Oakland Ave, one of the busiest and best located streets in Austin, MN. With strong current rents totaling $3750/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine for day one. The building features 3 units- one fully renovated 1 bed/1 bath (previously an office), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid. Recent updates include a newer roof (under 2 years old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multi-family investing, this property delivers stable income, location appeal, and future upside.

1110 W Oakland Avenue, Austin

Listing courtesy of Re/Max Results.

$569,900
5 Beds 4 Baths 6812015 MLS
This Multi-Family 4-Plex on Lyndale Avenue offers an 899 sq ft finished attic with potential to convert into a 5th unit (requires kitchen addition). Note: converting to a 5th unit changes the property status from residential to commercial with the City of Minneapolis. Zoned CM2 ("Corridor Mixed Use District"), this property is ideal for exploring small business opportunities on the first level while maintaining residential units above. Buyers must verify all City regulations and requirements. A new rear staircase was completed in July of 2025. The largest unit, over 1,100 square feet, includes two bedrooms and an office. It features hardwood floors, high ceilings, built-ins, and both front and rear entrances. A single-car garage provides added convenience. All units are on a month-to-month lease, allowing flexibility for the new owner. Exceptional property with endless potential — don't miss out!

2507 Lyndale Avenue S, Minneapolis

Listing courtesy of Coldwell Banker Realty - Lakes.

$650,000
7042016 MLS
Huge opportunity to acquire a high-visibility commercial property along Oakland Ave in Austin, MN offering multiple paths to value creation. Situated on approximately 0.78 acres with nearly 200 feet of hospitality operators. The site is currently operating as a motel, offering the potential for a buyer to continue the existing hospitality use, reposition the asset, or pursue a future redevelopment of the site. Adding to the uniqueness of the property, a large single-family home sits near the center of the lot featuring 3 bedrooms and 2.5 bathroom, creating additional possibilities for on-site management housing, rental income, owner occupancy, or future redevelopment plans. The property has also benefited from key capital improvements, including a roof and furnace installed within the past five years, offering added value and stability for investors. Zoned B-2 community business, the property allows for a wide variety of commercial uses included retail, service businesses, hospitality, office, and other commercial development. this flexible zoning creates multiple opportunities for investors looking to capitalize on future growth along this corridor. Further strengthening the investment potential, a building directly directly across Oakland Ave is currently being converted into a 22-unit multifamily development, highlighting the ongoing investment and redevelopment take place in the immediate area. Whether the next owner chooses to continue operating the motel, utilize the on-site residence, reposition the property, or redevelop the site entirely, this offering presents a compelling opportunity to control a well-located commercial parcel with strong and long term upside.

1507 W Oakland Avenue, Austin

Listing courtesy of Re/Max Results.

$235,000
7042026 MLS
Don’t miss your chance to own a private unit in Phase 3 - They can be customized into an office/warehouse, workshop, showroom or a car cave/dream garage - Add another 448 or more SF of space by adding a mezzanine level = 1,568 + SF - These are high-quality units that are decked out with 5” concrete floors w- floor drains & 20’ high ceilings - Commercial grade windows, entry door & garage door 14' wide x 14' tall - Attractive LP Smartside lap siding - Fire suppression with In floor radiant heating and you can add a split system for additional heating and / or cooling - All units are wired with 3 phase power and AC, plumbed w- water & sewer - Roughed-in bathroom - Lots of upgrades are available to choose from or fully customize your unit - Add a bathroom, wet bar, kitchenette or even a hot tub - If you can dream it, we can build it into your unit - Hurry, units are selling out fast, schedule your tour TODAY! - NOW taking Reservations for Phase 3 to be completed in late June of 2026

940 McKinley Parkway Unit 407, Delano

Listing courtesy of eXp Realty.

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