MN > Saint Peter > Amended
Saint Peter, MN 56082,224 S Minnesota AVE
Saint Peter, MN 56082,224 S Minnesota AVE
Saint Peter, MN 56082,224 S Minnesota AVE
Saint Peter, MN 56082,224 S Minnesota AVE
Saint Peter, MN 56082,224 S Minnesota AVE
Saint Peter, MN 56082,224 S Minnesota AVE
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Becky Boelter

Becky Boelter

+1(320) 296-3225
$ 695,000
Est. payment | /mo

3,484 Sqft Lot

Save
$ 695,000
Est. payment | /mo
Save

3,484 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Amended

MLS Listing ID 6819062

Year Built 1887

Annual Tax Amount $10,376

Tax Year 2025

Contingent None

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 40 x91

Property Description

THIS DOWNTOWN ICONIC SAINT PETER MINNESOTA PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ACQUIRE A UNIQUE ALL BRICK AND KASOTA LIMESTONE FIVE-UNIT MIXED-USE PROPERTY!! THE BUILDING FEATURES TWO LARGE MAIN FLOOR RETAIL UNITS. ERBERTS & GERBERTS IS ONE OF THESE ANCHOR TENANTS AND HAS A LONG LEASE IN PLACE. THE SECOND FLOOR FEATURES TWO OVERSIZED LOFT STYLE APARTMENTS WITH TALL CEILINGS. THE LOWER LEVEL IS LEASED TO A GOOD STANDING LONG TERM TENANT. THE WHOLE ASSET IS FULLY LEASED AND IN TURN-KEY CONDITION!! AMAZING EXTERIOR CURB APPEAL. MOST UTILITIES ARE PAID BY TENANTS. ROOF IS 1998 AND WINDOWS HAVE BEEN REPLACED. IN-PLACE CAP RATE OF 7.5% WITH NET OPERATING INCOME OF $52,081 - CALL FOR MORE FINANCIALS.

Location

State MN

County Nicollet

Zoning Business/Commercial,Residential-Multi-Family

Rooms

Basement Finished, Full, Single Tenant Access

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Land, Leases, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features None

Utilities Available Electric Separate, Heating Separate, Hot Water Common

Roof Type Flat

Present Use Commercial,Residential,Retail

Building

Lot Description Corner Lot

Story Two

Foundation 3640

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone

Schools

School District St. Peter

Listed by Nathan Opatz • Apartment Cash Flow, Inc.
Becky Boelter
Becky Boelter

Broker Associate

+1(320) 296-3225 | becky@tlprealestate.com

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224 S Minnesota AVE