Historic Mixed-Use
For Sale
$1,999,000
122 S Minnesota Avenue, Saint Peter, MN 56082
Historic multi-level property combining commercial spaces, apartments, and distinctive row houses under mixed-use zoning.
Property Size21,600 SF
Price / SF$92.55
Days on Market245
Property Features for 122 S Minnesota Avenue
General Information
Standard status
Active
Size
21,600 SF
Elevators
Yes
Property subtype
Commercial
Zoning
Business/Commercial, Residential-Multi-Family
Taxes and HOA fees
Annual Taxes
$25,434
Amenities
elevator
Building Details
Building Size
21,600 SF
Year Built
1872
Year Renovated
1998
Buildings
5
Stories
3
Units
25
Construction
brick
Tenancy
Multi
Listing Agency:
Apartment Cash Flow, Inc.
(651) 263-3653
Listed By:
Nathan P. Opatz · License ##40329256
(651) 263-3653
Source:
Juverealestate
Added: Dec 8, 2025
Changed: Aug 9
Last Checked: Aug 9 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apartment Cash Flow, Inc.
Investment Insights
Based on property information with market context.
Constructed in 1872, this historic mixed-use building combines main-floor and lower-level commercial areas with apartments on the second and third floors. The property also includes four rear row houses with varied layouts. Two are configured with 1 bedroom and 1 bathroom, while the other two offer 2 bedrooms, a den, and 1 bathroom. Apartment interiors feature tall ceilings along with updated kitchens and bathrooms.
Following the 1998 tornado, the building received substantial exterior and infrastructure work, including roof and window replacement, a new elevator, exterior brick tuck-pointing, and maintenance-free metal coping. The property is located at 122 S Minnesota Avenue in Saint Peter, Minnesota, and carries Business/Commercial and Residential-Multi-Family zoning. The reported cap rate is 8.60%.
Following the 1998 tornado, the building received substantial exterior and infrastructure work, including roof and window replacement, a new elevator, exterior brick tuck-pointing, and maintenance-free metal coping. The property is located at 122 S Minnesota Avenue in Saint Peter, Minnesota, and carries Business/Commercial and Residential-Multi-Family zoning. The reported cap rate is 8.60%.
Key Highlights
- Historic building constructed in 1872
- Mixed‑use layout with commercial spaces and second- and third‑floor apartments
- Four rear row houses with varied layouts
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 56082, MN
14,507
Population
5,149
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
117
Density / Sq Mi
$72,332
Median Household Income
$30,904
Median Earnings
$952
Median Rent
$263,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic multi-level property combining commercial spaces, apartments, and distinctive row houses under mixed-use zoning.
Where is this mixed-use property located?
The property is located at 122 S Minnesota Avenue Saint Peter, MN.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Historic building constructed in 1872; Mixed‑use layout with commercial spaces and second- and third‑floor apartments; Four rear row houses with varied layouts
