116 Mill Street Peterson, MN $ 90,000
116 Mill Street
$ 90,000
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116 Mill Street

Peterson, MN, 55962
$ 90,000
Bedrooms1 Baths0.0 Sq 1,440

Monthly Estimate*

$ 622

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Single Family Home for sale in Peterson, MN

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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Single Family Active

Price

$ 90,000

Bedrooms

1

Property Type

Single Family

Taxes

$ 1,398

Style

Single Family

Lot Size

0.296

Year Built

2018

Town/City

Peterson

County/Region

Fillmore

MLS | Web ID

7002505

Features
General
Living 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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Interior
Basement 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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Exterior
Parking 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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Internal Only
Street Number 1 116
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* Excluded Features
List By
Midwest Home And Farm Realty

Broker

jen@midwesthome.farm

Email

Affordability Calculator

$738
Per Month
84%
16%
0%
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.
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Nearby
1805423 Elementary School
1805422 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$90,000 -10.00% Price Down
3/24/2026$100,000 Listed Price

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116 Mill Street, Peterson, MN, 55962 is a Single Family Home for sale at $90,000 with 1,440 sqft and a lot size of 0.296. 116 Mill Street has 1 bedrooms, 0.0 baths, and was built in 2018. The property's zip code is 55962 which is in Peterson, MN