216 South Minnesota Avenue
$850,000
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Description
Opportunity knocks with this eight unit mixed-use building for sale. The property is located in the central business district in downtown saint peter, mn. The main floor has two larger retail and/or office spaces and are currently leased. The second and third floors feature six loft style apartments with tall ceiling height and some exposed brick. The exterior is all brick and has received all newer windows and black awnings. There is a parking lot in back for tenants and also an attached garage....Opportunity knocks with this eight unit mixed-use building for sale. The property is located in the central business district in downtown saint peter, mn. The main floor has two larger retail and/or office spaces and are currently leased. The second and third floors feature six loft style apartments with tall ceiling height and some exposed brick. The exterior is all brick and has received all newer windows and black awnings. There is a parking lot in back for tenants and also an attached garage. The lower level is used for storage and could be an opportunity for more income with your ideas. Each commercial tenant pays for their own utilities including extra for trash. The residents upstairs are responsible for paying their own unit electric and owner pays for the boiler heat, water, and trash. In-place cap rate is currently over 7.15% with room to raise rents organically over the next 1-2 years in a non rent controlled city. Call to get more financials!
- Listed by Apartment Cash Flow, Inc.
Property Details for 216 South Minnesota Avenue
Subdivision Name
Amended
Zoning JurisdictionBusiness/Commercial,Residential-Multi-Family
LISTING UPDATED: 10/10/2024 02:31 PM
Property Details for 216 South Minnesota Avenue
Status | Active |
---|---|
MLS # | 6509510 |
Days on Compass | 160 |
Taxes | $8,658 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1890 |
Lot Size | 0.16 AC / 6,969 SF |
County | Nicollet County |
Building Information for 216 South Minnesota Avenue
Stories-Residences8Year Built1890Lot Size0.16 AC / 6,969 SF
Property Information for 216 South Minnesota Avenue
Property History for 216 South Minnesota Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 216 South Minnesota Avenue
Taxable ValueLand$88,900Additions$333,400Total$422,300
Tax Record2023$8,658 ($722 / month)
Home Facts
Total Finished SqFt10,233 SqFtAbove Grade Finished SqFt10,233 SqFtStories3Lot Size6,820 SqFtStyleStoresYear Built1900CountyNICOLLETAPN19.412.3860
Schools near 216 South Minnesota Avenue
This home is within St. Peter Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 1 | |||
Public - | 2 to 4 | |||
Public - | 4 to 12 | |||
Public - | 5 to 8 |
Rating | School | Distance |
---|---|---|
South Elementary School PublicK to 1 | ||
North Elementary School Public2 to 4 | ||
Oshawa Learning Academy Public4 to 12 | ||
St. Peter Middle School Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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