116 Mill Street
Peterson, MN, 55962 $ 90,000
Bedrooms1 Baths0.0 Sq 1,440 Monthly Estimate*
$ 622
for $90,000 with 1 bedroom. This 1,440 square foot home was built in 2018 on a lot size of 0.296.
Prime Development Opportunity in Peterson, Minnesota Located at 116 Mill Street, Peterson, MN, this 40x36 unfinished wood-frame building, constructed in 2018, is currently classified by the city and county as a garage and is being sold as-is. The structure sits on a concrete slab foundation and features a steel roof, white vinyl siding, multiple windows providing natural light, an overhead garage door, and a separate pedestrian entry. The property offers ample off-street parking on a spacious lot. Water Line, electric and sewer lines piped into building, providing a blank slate for future use. Subject to local zoning and permitting, the building offers potential for completion as a custom residence, workshop, storage facility, or other permitted use. The property is located in the Village of Peterson, a scenic community along the Root River and directly adjacent to the Root River State Trail, a paved multi-use trail spanning approximately 60 miles. The area is known for outdoor recreation including biking, hiking, fishing, kayaking, and tubing, and is situated in Minnesota’s Driftless Region with limestone bluffs and rolling terrain. Lanesboro, MN, is just minutes away and offers additional dining, lodging, and tourist amenities. With its size, existing structure, and desirable location near trail and river access, this property presents a unique opportunity for buyers seeking a flexible development or investment option in Southeast Minnesota. There is a new campground going in right behind this properties boundary line as well. Buyer to verify all intended uses with the city and county.
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FeaturesGeneralLiving Area 0
Sewer City Sewer - In Street
Heating None
Cooling None
Roof Metal
HOA Fee 0
Garage Spaces 1
Year Built 2018
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Fillmore
New Construction N
Property Type Residential
HOA N
Contingency None
Subdivision Name Peterson Outlots
Full Baths 0
Directions From Hwy 16 turn into Peterson on Mill Street destination is on the right in about .25 miles
City Peterson
High School District Rushford-Peterson
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1398
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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InteriorBasement None
Total Fireplaces 0
Basement (Y/N) N
Fireplace Y/N N
Above Grade Finished Area 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 1
Below Grade Finished Area 0
Total Baths 0
Foundation Dimensions 36x40
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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ExteriorParking Features Attached Garage On-Street Parking Only
Water Source City Water - In Street
Lot Size Area 0.296
Building Area Total 1440
Lot Dimensions 68x165
Waterfront Y/N N
Foundation Area 1440
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByMidwest Home And Farm RealtyBroker
jen@midwesthome.farmEmail
Affordability Calculator
- Monthly Principal & Interest
- $622
- Monthly Property Taxes
- $117
- 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.
Learn more about how to save NearbySingle family listings in Peterson, MN
Average List Price $194,475
Percent of Sale Price 116%
About Peterson, MN 148 Population
-10% Since 2002
$ 63,979 Median Income
49.46 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
1805423 Elementary School
1805422 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/22/2026 | $90,000 | -10.00% | Price Down |
| 3/24/2026 | $100,000 | | Listed Price |