$695,000
224 S Minnesota Avenue Saint Peter, MN 56082
For Sale MLS# 6819062
Other
Details for 224 S Minnesota Avenue
MLS# 6819062
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. IN-PLACE CAP RATE OF 7.5% WITH NET OPERATING INCOME OF $52,081 - CALL FOR MORE FINANCIALS.
Listing Information
Property Type: Commercial
Status: Active
Bedrooms: 3
Bathrooms: 6
Lot Size: 0.08 Acres
Square Feet: 9,456 sq ft
Year Built: 1887
Foundation: 3,640 sq ft
Stories: 2 Stories
Subdivision: Amended
Number Of Units Total: 5
Current Use: Commercial,Residential,Retail
County: Nicollet
Days On Market: 26
Construction Status: Previously Owned
School Information
District: 508 - St. Peter
Interior Features
Appliances: Range, Refrigerator
Flooring: Carpet,Tile,Wood
Basement: Full, Finished (Livable), Single Tenant Access
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: Flat
Lot Dimensions: 40 x91
Zoning: Business/Commercial,Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Corner Lot, Land Inclusions - Building,Land,Leases,Rental License, Road Frontage - City, Curbs, Paved Streets
Driving Directions
Located on Main Street in Downtown St. Peter MN
Financial Considerations
Tenant Pays: Electric,Gas,Trash,Water
Owner Pays: Insurance,Repairs,Taxes
Gross Income: 70104
Expense: 18023
Tax/Property ID: 194123810
Tax Amount: 10376
Tax Year: 2025
HomeStead Description: Non-Homesteaded
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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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 224 S Minnesota Avenue
Sales History
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Tax Summary
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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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