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122 S Minnesota Avenue Saint Peter, MN $ 1,999,000
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$ 1,999,000 Get more info
122 S Minnesota Avenue
$ 1,999,000
Back to search
Share Save

122 S Minnesota Avenue

Saint Peter, MN, 56082
$ 1,999,000
Bedrooms-- Baths-- Sq 21,600

Monthly Estimate*

$ 13,807

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Commercial Property for sale in Saint Peter, MN

for $1,999,000. This 21,600 square foot building was built in 1872 on a lot size of 0.235.

THIS IS A ONCE IN A LIFE-TIME OPPORTUNITY TO ACQUIRE A DOWNTOWN SAINT PETER ICONIC MIXED-USE BUILDING! ORIGINALLY CONSTRUCTED IN 1872 AS THE TOWNS MAIN HOTEL HANGOUT, THIS PROPERTY HAS SINCE BEEN CONVERTED INTO MAIN FLOOR AND LOWER LEVEL COMMERCIAL SPACES, 3-STORY ROW HOUSES, AND SECOND & THIRD FLOOR APARTMENTS. THE TOTAL GROSS BUILDING SQUARE FOOTAGE IS JUST OVER 24,000+. AFTER THE DEVASTATING 1998 TORNADO, A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. THE 2ND & 3RD FLOOR APARTMENTS FEATURE TALL CEILING HEIGHTS AND UPDATED KITCHENS & BATHROOMS. IN THE BACK OF THE PROPERTY THERE ARE FOUR ROW HOUSES EACH WITH UNIQUE LAYOUTS AND SOME WITH THREE STORIES. TWO OF THESE ROW-HOUSES ARE 1BD, 1BA AND THE OTHER TWO ARE 2BD + DEN, 1BA. YOU WILL DEFINITELY WANT TO TOUR THIS BUILDING!! PRO-FORMA NOI $198,337 / CAP RATE 9.92 %

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Commercial Active

Price

$ 1,999,000

Property Type

Commercial

Taxes

$ 27,734

Style

Lot Size

0.235

Year Built

1872

Town/City

Saint Peter

County/Region

Nicollet

MLS | Web ID

6825253
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air Window Unit(s)
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Age Over 8 Years Asphalt Flat Pitched Rubber
Appliances Range Refrigerator
Garage Spaces 0
Pool Features None
Construction Materials Brick
Year Built 1872
Tenant Pays Broadband Cable TV Electricity Gas
Topography Level
Levels Three Or More
Tax Year 2026
Current Use Residential
Gross Income 296292
Accessibility None
County Nicollet
Net Operating Income 198337
Operating Expense 97954
Insurance Expense 7043
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 8750
Subdivision Name Amended
Possible Use Office Professional Service Restaurant Income
Directions Located on Main Street in downtown Saint Peter MN
City Saint Peter
High School District St. Peter
Zoning Description Business/Commercial Residential-Multi-Family
Number Of Units Total 25
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 27734
Electric Expense 0
Fuel Expense 19408
Trash Expense 3720
Water Sewer Expense 4535
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s) Tile Floors Walk-In Closet
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Interior
Basement Drain Tiled Drainage System Egress Window(s) Finished Full Sump Pump
Basement (Y/N) Y
Ceiling Height 11-15
Fuel Electric Natural Gas Oil
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Exterior
Fencing None
Parking Features Off Site Parking Lot
Lot Features Corner Lot
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.235
Building Area Total 21600
Lot Dimensions 66 x 155
Waterfront Y/N N
Foundation Area 5400
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 122
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* Excluded Features
List By
Apartment Cash Flow, Inc.

Broker

nopatz@apartmentcashflow.com

Email

Affordability Calculator

$16,118
Per Month
86%
14%
0%
Monthly Principal & Interest
$13,807
Monthly Property Taxes
$2,311
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
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Pricing History
DatePricePrice ChangeDescription
8/4/2026$1,999,000 -11.16% Price Down
2/5/2026$2,250,000 -10.00% Price Down
12/8/2025$2,500,000 Listed Price

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122 S Minnesota Avenue, Saint Peter, MN, 56082 is a Commercial Property for sale at $1,999,000 with 21,600 sqft and a lot size of 0.235. 122 S Minnesota Avenue was built in 1872. The property's zip code is 56082 which is in Saint Peter, MN

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