About 122 S Minnesota Avenue
THIS IS A ONCE IN A LIFE-TIME OPPORTUNITY TO ACQUIRE A DOWNTOWN SAINT PETER ICONIC MIXED-USE BUILDING! ORIGINALLY CONSTRUCTED IN 1872 AS THE TOWNS MAIN HOTEL HANGOUT, THIS PROPERTY HAS SINCE BEEN CONVERTED INTO MAIN FLOOR AND LOWER LEVEL COMMERCIAL SPACES, 3-STORY ROW HOUSES, AND SECOND & THIRD FLOOR APARTMENTS. THE TOTAL GROSS BUILDING SQUARE FOOTAGE IS JUST OVER 24,000+. AFTER THE DEVASTATING 1998 TORNADO, A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. THE 2ND & 3RD FLOOR APARTMENTS FEATURE TALL CEILING HEIGHTS AND UPDATED KITCHENS & BATHROOMS. IN THE BACK OF THE PROPERTY THERE ARE FOUR ROW HOUSES EACH WITH UNIQUE LAYOUTS AND SOME WITH THREE STORIES. TWO OF THESE ROW-HOUSES ARE 1BD, 1BA AND THE OTHER TWO ARE 2BD + DEN, 1BA. YOU WILL DEFINITELY WANT TO TOUR THIS BUILDING!! PRO-FORMA NOI $198,337 / CAP RATE 9.92 %
Features of 122 S Minnesota Avenue
| MLS® # | 6825253 |
|---|---|
| Price | $1,999,000 |
| Acres | 0.24 |
| Year Built | 1872 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 122 S Minnesota Avenue |
|---|---|
| Subdivision | Amended |
| City | Saint Peter |
| County | Nicollet |
| State | MN |
| Zip Code | 56082 |
Amenities
| Utilities | Electric Separate, Heating Separate, Hot Water Separate |
|---|---|
| Parking | Off Site, Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air, Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Stone |
|---|---|
| Lot Description | Corner Lot |
| Roof | Age Over 8 Years, Asphalt, Flat, Pitched, Rubber |
| Construction | Brick |
School Information
| District | St. Peter |
|---|
Additional Information
| Days on Market | 275 |
|---|---|
| Zoning | Business/Commercial,Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $27,734 |
| Tax Year | 2026 |
Listing Details
| Office | Apartment Cash Flow, Inc. |
|---|