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    318 Mill St Peterson, MN 55962

    For Sale
    $89,900

    Commercial - Peterson, MN

    Lot size:
    0.07 Acres
    Days on Market:
    97
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 318 Mill St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    070080000
    Exterior features
    Block
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1912
    Architectural style
    Other

    Counselor Realty of Rochester (507) 536-5247 [email protected]

    Listing agent Cynthia Gove (507) 285-9400

    Listing date Sep 9, 2025

    MLS# 6527335 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property in Peterson, MN

    Located in Peterson, Minnesota, this commercial property is situated between the Root River and the bike trail. The property was previously used as a pizza and ice cream shop with canoe and kayak rentals. The zoning is Business/Commercial, allowing for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peterson
    County
    Fillmore
    State
    Minnesota
    Longitude
    -91.833152
    Latitude
    43.786564

    Nearby Similar for Sale

    • $89,900
      800 SF

      Peterson Commercial Space - Mill Street

      Charming 800 sq ft commercial building.
      322 Mill St, Peterson, MN 55962
      View Details
    • $134,000
      1,600 SF

      318 Mill St, Peterson, MN 55962

      Commercial real estate • 1,600 SF
      318 Mill St, Peterson, MN 55962
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial property in ideal location near Root River and bike trail.
    Where is this retail space located?
    The property is located at 318 Mill St Peterson, MN.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Prime location between the bike trail and the Root River.; - Central Air Conditioning for year-round comfort.; - Existing structure formerly used as a Pizza and Ice Cream shop with canoe/kayak rental, offering diverse business potential.
    (507) 285-9400
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    318 Mill St Peterson, MN 55962
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    Peterson, MN 55962
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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
    318 Mill St Peterson, MN 55962
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