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    322 Mill St Peterson, MN 55962

    Sponsored
    For Sale
    $89,900

    Charming 800 sq ft commercial building.

    Property size:
    800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This 800-square-foot commercial property, located at 322 Mill Street in Peterson, Minnesota, presents a versatile opportunity for a variety of businesses. The split floor plan allows for flexible use, ideal for a small business, artist's studio, retail space, or office. Alternatively, the building could be renovated for residential purposes. The property sits on a 0.02-acre lot, offering a sizable lawn area for green space. Convenient off-street parking is available via an alley behind the building. Its prime location offers exceptional accessibility, being just 400 feet from the Root River Bike Trail. Furthermore, essential amenities such as gas stations, grocery stores, hardware stores, a clinic, and a pharmacy are conveniently located within a 4.5-mile radius. The vibrant Peterson community provides a welcoming atmosphere with seasonal events and activities, and the Root River offers recreational opportunities for tubing, kayaking, and fishing. This property is priced at $89,900 and presents a unique blend of convenience, versatility, and community engagement. The building's size and layout offer significant potential for a variety of uses, making it an attractive investment opportunity in a desirable location.

    Property Features for 322 Mill St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    800 SF
    Lot Size
    871 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -91.83327
    Latitude
    43.78649

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    Nearby Similar for Sale

    • $89,900
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      Commercial Property in Peterson, MN

      Commercial property in ideal location near Root River and bike trail.
      318 Mill St, Peterson, MN 55962
      View Details
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      Commercial real estate • 1,600 SF
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      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Charming 800 sq ft commercial building.
    Where is this commercial real estate located?
    The property is located at 322 Mill St Peterson, MN.
    What is the asking price?
    The asking price for this property is $89,900.
    (507) 285-9400
    Request Owner's contact information
    322 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
    322 Mill St Peterson, MN 55962
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