224 S Minnesota Avenue Saint Peter, MN 56082
For Sale MLS# 6535037
9,500 sq ft Commercial
Details for 224 S Minnesota Avenue
MLS# 6535037
Description for 224 S Minnesota Avenue, Saint Peter, MN, 56082
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.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 3
Bathrooms: 6
Lot Size: 0.08 Acres
Square Feet: 9,500 sq ft
Year Built: 1887
Foundation: 3,600 sq ft
Stories: 2 Stories
Subdivision: Amended
Number Of Units Total: 5
Current Use: Commercial,Office,Professional Service,Residential,Restaurant,Retail
County: Nicollet
Days On Market: 190
Construction Status: Previously Owned
School Information
District: 508 - St. Peter
Interior Features
Appliances: Refrigerator, Range
Flooring: Tile,Vinyl/Linoleum,Wood
Basement: Finished (Livable), Full
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate,Hot Water Common
Cooling: Central
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Exterior: Brick/Stone
Roof: Pitched, Flat, Age Over 8 Years
Lot Dimensions: 40 x 91
Zoning: Business/Commercial
Topography: Level
Additional Exterior/Lot Features: Corner Lot, Land Inclusions - Building,Land,Leases,Rental License, Road Frontage - City
Unit Information
Unit 1 Actual Rent: 1100
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 1 Rooms Total: 6
Unit 2 Actual Rent: 900
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 7
Unit 3 Actual Rent: 1950
Unit 3 Baths Total: 2
Unit 4 Actual Rent: 825
Unit 4 Baths Total: 1
Unit 5 Actual Rent: 375
Unit 5 Baths Total: 1
Driving Directions
On Main Street in Downtown St.Peter
Financial Considerations
Tenant Pays: Broadband,Electric,Heat
Owner Pays: Insurance
Gross Income: 62340
Expense: 16715
Tax/Property ID: 194123810
Tax Amount: 9068
Tax Year: 2024
HomeStead Description: Non-Homesteaded
Price Changes
| Date | Price | Change |
|---|---|---|
| 10/07/2024 09.13 AM | $650,000 | +$50,000 |
| 07/19/2024 09.44 AM | $600,000 | -$125,000 |
| 05/13/2024 09.21 AM | $725,000 |
A broker reciprocity listing courtesy: Apartment Cash Flow, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Sales History & Tax Summary for 224 S Minnesota Avenue
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 224 S Minnesota Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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