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Mixed-Use Building with Retail
For Sale
$1,044,000

201-207 S Minnesota Ave, Saint Peter, MN 56082

Street-level commercial space is paired with upper-floor apartments in a multi-tenant configuration along a regional highway corridor.

Property Size20,340 SF
Days on Market75

Property Features for 201-207 S Minnesota Ave

General Information

Standard status Active
Size 20,340 SF
Property subtype Retail - Street Retail
Zoning CBD

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 6

Amenities

flexible open-span retail areas
good ceiling heights
prominent storefront glazing
on-site parking

Building Details

Building Size 20,340 SF
Year Built 1888
Buildings 1
Listing Agency: NAI North Star
Listed By: David Schooff · License #40137517
Source: Commercialcafe
Added: Jun 17 Changed: Aug 30 Last Checked: Jun 25 at 12:40PM

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 NAI North Star

Investment Insights

Based on property information with market context.

This mixed-use property combines approximately 6,240 SF of street-level retail space with 6 apartments on the upper floor. The commercial area features flexible open-span floorplates, good ceiling heights, storefront glazing, on-site parking, and opportunities for end-cap signage. The building dates to 1888 and occupies a CBD-zoned lot.

Located at 201-207 S Minnesota Avenue in Saint Peter, the property has direct exposure to U.S. Highway 169 and signalized access. Its position within the downtown and Highway 169 corridor places the building near established retail and service users, with connectivity to the Greater Mankato market. The configuration supports multiple commercial occupants alongside residential units.

Key Highlights

  • Approximately 6,240 SF of street retail space
  • 6 residential apartments on the upper floor
  • CBD‑zoned lot with mixed‑use configuration

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service Pharmacy Garden Center (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

524
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level commercial space is paired with upper-floor apartments in a multi-tenant configuration along a regional highway corridor.
Where is this mixed-use property located?
The property is located at 201-207 S Minnesota Ave Saint Peter, MN.
What is the asking price?
The asking price for this property is $1,044,000.
What are key features of this property?
This property features: Approximately 6,240 SF of street retail space; 6 residential apartments on the upper floor; CBD‑zoned lot with mixed‑use configuration
More about this property
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