Stillwater, MN 55082

$2,100,000
Property Type: Commercial Baths: 2 Square Footage: 9,462 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $2,100,000 List Date: 4/27/2026 Last Modified: 5/27/2026

Overview

Description

Position your investment in the heart of one of Minnesota’s most desirable riverfront communities.? 125 Main Street presents a rare opportunity to acquire a fully leased mixed-use asset in downtown Stillwater, offering stable in-place income and long-term upside.? The property features a dynamic blend of street-level commercial space and upper-level units, creating a diversified revenue stream supported by strong tenant demand.? Located along iconic Main Street, the building benefits from consistent pedestrian traffic, a vibrant tourism economy, and proximity to Stillwater’s renowned shops, restaurants, and waterfront attractions.? With its historic charm, high visibility, and prime positioning within a tightly held market, this asset offers both immediate cash flow and future appreciation potential.? Opportunities to own on Main Street are limited—making this an ideal addition to any investment portfolio.?

Listing Details MLS# 7062607

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Waterfront YN
No
Year Built
1887
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3000
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.06
Lot Dimensions
30 x 100
Assessment Pending
Unknown
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: None Air Conditioning: Central Air Assumable Loan: Not Assumable CMU Style: Common Wall Construction Materials: Block; Brick; Concrete; Frame Construction Status: Previously Owned Current Use: Commercial; Residential Existing Financing: Conventional Exterior: Brick/Stone Fencing: None Flooring: Heavy Duty; Wood Foundation: Brick/Mortar; Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: None Lot Description: Zero Lot Line On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Pool Description: None Roof: Age Over 8 Years; Flat; Rubber Sewer: City Sewer/Connected Stories: Two Topography: Flood Plain Wall Description: Concrete/Block; Drywall; Metal Water: City Water/Connected

Contract Information

Contingency
Inspection
ListPrice
2100000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Stillwater
County
Washington
State
MN
Zip Code
55082
Complex/Dev/Subdivision
Stillwater

Assessments

Tax With Assessments
32300
Assessment Balance
0

Basement

Foundation Dimensions
30x100

More Information

Building Information

Building Finished SqFt
6462
Building SqFt
9462
Ceiling Height
Varied Heights

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
20
Section#
28
Township#
30

Sale Options

Sale Includes
Building, Leases

Unit 1

Unit Number
Suite 1
Half Baths
Yes
Total Bathrooms
Yes
Total Rooms
3
Level
Main Level
Unit Total SqFt
2000
Lease Expiration Date
2027-02-28

Unit 2

No. of 2 Bedroom Units
Yes
Half Baths
Yes
Lease Expiration Date
2028-06-30
Leased?
Yes
Level
2nd Level
Total Bathrooms
Yes
Unit Number
2
Unit Total SqFt
2167

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LT 4 BLK 27 DESC AS FOLL BEG AT SW COR SD LT THN ELY ON S LN SD LT DIST 120FT M/L TO W LN WATER ST THN NLY ALG SD W LN DIST 25FT THN WLY ON LN PARL WITH S LN SD LT DIST 120 FT M/L TO E LN MAIN ST THN SLY ALG SD E LN MAIN ST DIST 25FT TO POB BLOCK 27 LOT 4 SUBDIVISIONCD 2695 SUBDIVISIONNAME STILLWATER
Listing City
Stillwater
Map Page
97
Municipality
Stillwater
School District
Stillwater
School District Phone
651-351-8301
Property ID Number
2803020410011
Tax Year
2026
Tax Amount
32300
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Position your investment in the heart of one of Minnesota’s most desirable riverfront communities.? 125 Main Street presents a rare opportunity to acquire a fully leased mixed-use asset in downtown Stillwater, offering stable in-place income and long-term upside.? The property features a dynamic blend of street-level commercial space and upper-level units, creating a diversified revenue stream supported by strong tenant demand.? Located along iconic Main Street, the building benefits from consistent pedestrian traffic, a vibrant tourism economy, and proximity to Stillwater’s renowned shops, restaurants, and waterfront attractions.? With its historic charm, high visibility, and prime positioning within a tightly held market, this asset offers both immediate cash flow and future appreciation potential.? Opportunities to own on Main Street are limited—making this an ideal addition to any investment portfolio.?
Directions
Take exit for MN-36 East toward Stillwater. Stay on Highway 36 East all the way to Stillwater. As you enter Stillwater, follow signs for Downtown / Main Street. Turn right onto Main St S (riverfront road). Continue south a few blocks — 125 Main St S will be on your right.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Block
Yes
Brick
Yes
Concrete
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Brick/Stone
Yes

Fencing

None
Yes

Flooring

Heavy Duty
Yes
Wood
Yes

Foundation

Brick/Mortar
Yes
Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Internet Options

Cable
Yes

Lock Box Type

None
Yes

Lot Description

Zero Lot Line
Yes

Parking Characteristics

Garage Dimensions
No

Patio, Porch and Deck Features

Other
Yes

Pool Description

None
Yes

Roof

Age Over 8 Years
Yes
Flat
Yes
Rubber
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Topography

Flood Plain
Yes

Wall Description

Concrete/Block
Yes
Drywall
Yes
Metal
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Common Wall
Yes

Current Use

Commercial
Yes
Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Downtown
Yes
IDX
Listing Office: Metro East Commercial Real Estate
Last Updated: May - 27 - 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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