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    418 S Minnesota Ave St Peter, MN 56082

    For Sale
    $6,650,000

    Mixed-use property in high-traffic St. Peter, MN.

    Property size:
    32,000 SF

    Property Features for 418 S Minnesota Ave

    General Information

    Size
    32,000 SF

    Building Details

    Year built
    2022

    Source: David Schooff Agent David Schooff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Retail Investment Opportunity

    This mixed-use property is located along Highway 169 in downtown St. Peter, Minnesota, approximately one hour south of the Twin Cities and ten minutes north of Mankato. Situated within a mixed-use development completed in 2022-2023, the property features highway retail frontage. Minnesota Avenue (Highway 169) serves as a major connection from Iowa to the Twin Cities, with daily traffic counts exceeding 30,000. The property offers an owner/user opportunity, if desired. The property has 32,000 square feet and a net operating income (NOI) of $450,000. The property is currently at 100% occupancy with a seller leaseback.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Eckman Mall, Four Seasons Mall

    Location Insight

    • Map
    • Local Demand
    City
    St Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.95335
    Latitude
    44.3293

    Nearby Similar for Sale

    • $245,000
      2,508 SF

      St. Peter Townhome with Rental License

      Four-bedroom townhome with new paint and flooring, active rental license.
      1850 Macintosh Ct, St Peter, MN 56082
      View Details

    FAQs

    What type of property is this?
    Shopping center - Mixed-use property in high-traffic St. Peter, MN.
    Where is this shopping center located?
    The property is located at 418 S Minnesota Ave St Peter, MN.
    What is the asking price?
    The asking price for this property is $6,650,000.
    What are key features of this property?
    This property features: - High Traffic Location: Over 30,000 vehicles daily on Highway 169.; - Strong Income: Net Operating Income (NOI) of $450,000.00.; - 100% Occupancy with Seller Leaseback.
    (507) 380-7340
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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
    418 S Minnesota Ave St Peter, MN 56082
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