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224 S Minnesota Avenue Saint Peter, MN $ 725,000
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$ 725,000 Get more info
224 S Minnesota Avenue
$ 725,000
Back to search
Share Save

224 S Minnesota Avenue

Saint Peter, MN, 56082
$ 725,000
Baths0.0 Sq 9,500

Monthly Estimate*

$ 4,819

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Studio

Commercial Property for sale in Saint Peter, MN

for $725,000. This 9,500 square foot building was built in 1890 on a lot size of 0.08.

**ASSUMABLE LOAN OPTION** 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.

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Commercial Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,068

Style

Apartment

Lot Size

0.08

Year Built

1890

Town/City

Saint Peter

County/Region

Nicollet

MLS | Web ID

6535037
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Common
Roof Age Over 8 Years Flat Pitched
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1890
Tenant Pays Electricity
Topography Level
Levels Two
Property SubType Apartment
Tax Year 2024
Current Use Commercial Office Professional Service Residential Restaurant Retail
Gross Income 61722
Accessibility None
County Nicollet
Net Operating Income 44957
Operating Expense 16765
Insurance Expense 4874
Property Type Commercial Sale
Contingency None
Subdivision Name Amended
Possible Use Professional Service
Directions On Main Street in Downtown St.Peter
City Saint Peter
Buyer Agent Compensation 1.00
High School District St. Peter
Zoning Description Business/Commercial
NumberOfUnitsTotal 5
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 9068
Electric Expense 1023
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 11
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Finished Full
Basement (Y/N) Y
Ceiling Height 8-10
Fuel Natural Gas
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Exterior
Parking Features None
Lot Features Corner Lot
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.08
Building Area Total 9500
Lot Dimensions 40 x 91
Foundation Area 3600
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 224
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* Excluded Features
List By
Apartment Cash Flow, Inc.

Broker

nopatz@apartmentcashflow.com

Email

Affordability Calculator

$5,574
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,819
Monthly Property Taxes
$756
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
709425 Elementary School
708956 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2024$725,000 Listed Price

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224 S Minnesota Avenue, Saint Peter, MN, 56082 is a Commercial Property for sale at $725,000 with 9,500 sqft and a lot size of 0.08. 224 S Minnesota Avenue is a studio with 0.0 baths and was built in 1890. The property's zip code is 56082 which is in Saint Peter, MN

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