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    311 S Nicollet St Blue Earth, MN 56013

    For Sale
    $800,000

    Commercial - Blue Earth, MN

    Days on Market:
    12
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 311 S Nicollet St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    21.272.0630
    Parking features
    Driveway
    Interior features
    Fully Wheelchair, Wheelchair Ramp, No Stairs External, Hallways 42" Plus, Door Level Handles, Grab Bars In Bathroom
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Range, Refrigerator, Washer

    Utilities

    Heating system
    Baseboard, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Olson Nelson Realty Inc (507) 526-7304 [email protected]

    Listing agent KARA DRAKE (507) 526-7304

    Listing date Nov 26, 2025

    MLS# 7039134 Listing URL

    Copyright © 2025 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Building in Blue Earth

    Located on a corner lot in Blue Earth, this commercial building offers over 5,500 sq ft of space suitable for various purposes. Constructed in 1990, the building features vinyl siding with brick on the front and includes a covered porch. A concrete circular driveway with a covered portico provides weather-protected access. Previously an assisted living facility, the layout is adaptable for a retreat center, office conversion, or apartment-style living. The building contains fourteen individual rooms, each equipped with baseboard heat, a closet, and a private half bath; one room includes a full bath. The central living area features a gas fireplace and a wall of windows. Adjacent to this is a dining area and a full commercial kitchen with a supply and workspace room. Additional amenities include a private office, a full bath with a walk-in shower, and a room with a hair-washing station. Wide hallways are equipped with handrails for accessibility. A secondary entrance with a ramp and its own driveway facilitates deliveries. Mechanical features include a partial basement for storage, crawl-space access, two HVAC units, two water heaters (one being replaced Dec 2025), a water softener, and an HRV ventilation system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nicollet Place Assisted Living Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Nicollet Place, Friendship Court, Elm Homes

    Location Insight

    • Map
    • Local Demand
    City
    Blue Earth
    County
    Faribault
    State
    Minnesota
    Longitude
    -94.103418
    Latitude
    43.63621

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    FAQs

    What type of property is this?
    Assisted living facility - Adaptable 5,500+ sq ft commercial building with many potential uses.
    Where is this assisted living facility located?
    The property is located at 311 S Nicollet St Blue Earth, MN.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Versatile 5,500+ sq ft commercial building, suitable for retreat center, office, or apartments.; - Fourteen individual rooms, each with a half bath and closet. One room features a full bath.; - Full commercial kitchen with dedicated supply/workspace room.
    (507) 526-7304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 S Nicollet St Blue Earth, MN 56013
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