Opportunity meets flexibility in the heart of downtown Osakis! This mixed-use commercial building offers an exciting combination of business, investment, and residential possibilities. The renovated main floor is ready to go and lends itself beautifully to professional offices, a salon, boutique, retail space, studio, or a variety of other business ventures. An additional unfinished main-floor area provides plenty of room for future expansion or convenient storage. With its own separate entrance, it could remain independent or simply open up the wall to connect the spaces. Upstairs, you’ll find a spacious three-bedroom apartment with a large private deck. The apartment was updated in 2021 with refinished floors, new kitchen cabinets, and new appliances. Run your business downstairs and live just steps away, make the upper level your home while generating rental income from the commercial space below, or take advantage of the potential for multiple income streams under one roof. Several important improvements add to the appeal, including a new sewer hookup in 2021, new rubber membrane roof in 2026, and exterior painting at the rear of the building in 2026. Convenient on-street parking serves the property, plus three designated parking spaces in the rear provide additional off-street parking. Whether you’re an entrepreneur ready to bring your vision to life, an owner-occupant looking to combine home and business, or an investor searching for a downtown property with multiple possibilities, this one is worth a closer look. An entrepreneur’s dream in downtown Osakis! Be sure to explore both 3D tours for an inside look at the renovated commercial space and the three-bedroom apartment upstairs.
The Lillian Building is for sale! This building is very visually located on the corner of Nokomis ST and 1st Ave. New basement windows and doors, plus three newly finished half baths. Totally re-insulated approximately 12 years ago. New siding and steel roof in 2020. Two furnaces, each heating the upper and lower levels independently. This property is connected to city water/city sewer and just one block from downtown Osakis. One block from Osakis Public schools, and two blocks from Lake Osakis. Upper/main level is handicap accessible. Lots of upgrades over the last 9 years. Must see to appreciate! Daycare? Home? Small business? Unique opportunity for an open-mined individual. Come take a look!
Turnkey, fully staffed bar & grill operating with established systems for hands-on or semi-absentee ownership. Successfully repositioned into a respected community hub with strong local support and recurring traffic. Hosts monthly Lions and community group meetings and maintains charitable gambling and lake association partnerships, creating consistent repeat business. Sale includes furniture, fixtures, equipment, digital signage, ATM, recipes, and operational systems for a seamless ownership transition. Recent improvements and updated equipment provide stability, while a brand-new patio and newly renovated parking lot, both completed in July 2026, enhance curb appeal, increase guest capacity, and position the business for continued seasonal revenue growth. Located in the heart of Osakis with excellent visibility, dine-in and take-out options, and room to expand events, live music, and outdoor service. Established reputation, built-in momentum, and deep community ties set this opportunity apart. Ideal for an owner-operator or investor seeking a proven operation with upside already in motion.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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Osakis is located in Minnesota. Osakis, Minnesota has a population of 1,676. Osakis is more family-centric than the surrounding county with 31.78% of the households containing married families with children. The county average for households married with children is 28.86%.
The median household income in Osakis, Minnesota is $46,290. The median household income for the surrounding county is $69,069 compared to the national median of $69,021. The median age of people living in Osakis is 50.4 years.
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 0.8 degrees. The average rainfall is approximately 27.2 inches per year, with 45 inches of snow per year.