224 S Minnesota AVE Active

Saint Peter,MN 56082

$ 650000

- Bed

- Bath

- SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Amended

MLS Listing ID 6535037

Year Built 1887

Annual Tax Amount $9,068

Tax Year 2024

Contingent None

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 40 x 91

Property Description

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.

Location

State MN

County Nicollet

Zoning Business/Commercial

Rooms

Basement Finished,Full

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building,Land,Leases,Rental License

Fireplace No

Appliance Range,Refrigerator

Exterior

Garage None

Utilities Available Electric Separate,Heating Separate,Hot Water Common

Roof Type Age Over 8 Years,Flat,Pitched

Present Use Commercial,Office,Professional Service,Residential,Restaurant,Retail

Parking Type None

Building

Lot Description Corner Lot

Story Two

Foundation 3600

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone

Schools

School District St. Peter

View More
Favorite Go Tour