224 S Minnesota Ave - Storefront Retail/Residential FOR SALE


Saint Peter, MN 56082
$625,000 USD
651-263-3653
224 S Minnesota Ave, Saint Peter, MN for Sale
$625,000 USD
Storefront Retail/Residential - FOR SALE
1/37
null | 7.4% Cap Rate

Sep '25


224 S Minnesota Ave
Saint Peter, MN 56082


HIGHLIGHTS

  • ALL BRICK AND KASOTA LIMESTOME EXTERIOR
  • ROOF AND WINDOWS 1998
  • FULLY OCCUPIED FIVE UNIT MIXED-USE WITH VERY LONG TERM STABLE TENANTS
  • GREAT DOWNTOWN LOCATION WITH HIGH VISABILITY!!

OVERVIEW

THIS DOWNTOWN ICONIC SAINT PETER MINNESOTA PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ACQUIRE A UNIQUE ALL BRICK AND KASOTA LIMESTONE FIVE-UNIT MIXED-USE PROPERTY!! THE BUILDING FEATURES TWO LARGE MAIN FLOOR RETAIL UNITS. ERBERTS & GERBERTS IS ONE OF THESE ANCHOR TENANTS AND HAS A LONG LEASE IN PLACE. THE SECOND FLOOR FEATURES TWO OVERSIZED LOFT STYLE APARTMENTS WITH TALL CEILINGS. THE LOWER LEVEL IS LEASED TO A GOOD STANDING LONG TERM TENANT. THE WHOLE ASSET IS FULLY LEASED AND IN TURN-KEY CONDITION!! AMAZING EXTERIOR CURB APPEAL. MOST UTILITIES ARE PAID BY TENANTS. ROOF IS 1998 AND WINDOWS HAVE BEEN REPLACED. IN-PLACE CAP RATE OF 7.40% AND NET OPERATING INCOME OF $46,225 - CALL FOR MORE FINANCIALS.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1887

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

COMMERCIAL

APN/PARCEL ID

19.412.3810

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.