216 South Minnesota Avenue

St. Peter, MN 56082

$850,000
Price
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Beds
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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!
  1. Listed by Apartment Cash Flow, Inc.

Property Details for 216 South Minnesota Avenue

Subdivision Name
Amended
Zoning Jurisdiction
Business/Commercial,Residential-Multi-Family
LISTING UPDATED: 10/10/2024 02:31 PM

Property Details for 216 South Minnesota Avenue

StatusActive
MLS #6509510
Days on Compass176
Taxes$8,658 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1890
Lot Size0.16 AC / 6,969 SF
CountyNicollet County

Building Information for 216 South Minnesota Avenue

Stories-Residences8Year Built1890Lot Size0.16 AC / 6,969 SF

Property Information for 216 South Minnesota Avenue

Summary
Location and General Information
  • City Name: Saint Peter
  • County Or Parish: Nicollet
  • County: Nicollet-MN
  • Directions: On Main Street in DT Satin Peter
  • Latitude: 44.324628
  • Longitude: -93.957366
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Saint Peter
  • City and Location Text: Saint Peter(MN)
  • Postal Code: 56082
  • State Or Province: MN
  • Topography: Level
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 194123860
  • Tax Annual Amount: $8,658.00
  • Tax Legal Description: BLOCK 177 1/2 LOT S 2/3 OF LOT 5 SUBDIVISIONCD 19412 SUBDIVISIONNAME AMENDED PLAT
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 8658.0000
School Information
  • High School District: 508 - St. Peter
  • School District Number: 508
  • School District Phone: 507-934-5703
Property
Lot Information
  • Current Use: Commercial, Office, Residential, Retail
  • Lot Size Area: 0.16
  • Lot Size Dimensions: 44 x 155
  • Lot Size Units: Acres
  • Possible Use: Office, Professional Service, Restaurant, Shop, Motel/Hotel
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 1.0
Property and Assessments
  • Age Of Property: 134
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Common, Heating Separate, Hot Water Common
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 3080.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Flat
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Type: Full
  • Cooling: Central Air, Window Unit(s)
  • Ceiling Height: 11-15
  • Heating: Boiler, Forced Air
  • Levels: Three Or More
  • Number of Refrigerator: One Per Unit
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath Half: 1
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 1
  • Unit SqFt: 1540
  • Unit Type Actual Rent: $2,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 216
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 0
  • Unit Bath Half: 1
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 1
  • Unit SqFt: 2020
  • Unit Type Actual Rent: $2,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 218
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 4
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 1
Unit 4
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 4
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 2
Unit 5
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 4
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 0
  • Unit Level: SECND
  • Unit Number: 3
Unit 6
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 4
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 4
Unit 7
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 4
  • Unit SqFt: 1600
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Is Leased: 0
  • Unit Level: THIRD
  • Unit Number: 5
Unit 8
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 5
  • Unit Type Actual Rent: $1,025.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: THIRD
  • Unit Number: 6

Property History for 216 South Minnesota Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
South Elementary School
Public - K to 1
North Elementary School
Public - 2 to 4
Oshawa Learning Academy
Public - 4 to 12
St. Peter Middle School
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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More information about 216 South Minnesota Avenue, St. Peter, MN 56082

216 South Minnesota Avenue is a mixed use property for sale in St. Peter, MN 56082. This property was listed for sale on March 26, 2024 by Apartment Cash Flow, Inc., it's currently listed at $850,000. It has been on the market for a total of 176 days and was last sold on December 16, 2021. This listing's school district is St. Peter Public School District. Nearby schools include South Elementary School, North Elementary School and Oshawa Learning Academy. 216 South Minnesota Avenue is a 0-bed, 0-bath, mixed use property built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apartment Cash Flow, Inc.

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 10/10/2024 02:31 PM