Three-Story Mixed-Use
For Sale
$699,900
216 S Minnesota Avenue, Saint Peter, MN 56082
Brick construction combines leased commercial suites with loft-style apartments.
Property Size12,800 SF
Price / SF$54.68
Days on Market262
Property Features for 216 S Minnesota Avenue
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Commercial
Zoning
Business/Commercial, Residential-Multi-Family
Net Operating Income
$70,890
Additional Details
Cap Rate
10.13%
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$9,690
Building Details
Building Size
12,800 SF
Year Built
1890
Buildings
1
Stories
3
Units
8
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: Nov 22, 2025
Changed: Aug 11
Last Checked: Aug 11 at 5:31AM
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.
Located in downtown Saint Peter, this 12,800-square-foot, three-story mixed-use property contains two commercial spaces on the main level and six loft-style apartments above. The retail and office suites have long-term leases, while the residential floors feature tall ceilings and select exposed original brick.
The brick exterior includes newer windows and updated black awnings serving the commercial frontage. Residential occupants have access to a rear alley parking lot, and the commercial suites include an attached rear garage. A lower level provides storage space and may offer additional income potential. The property is zoned Business/Commercial and Residential-Multi-Family. Commercial tenants pay their own utilities and trash charges; residents pay unit electric, while ownership covers boiler heat, water, sewer, and trash. The current in-place cap rate is 10.13%.
The brick exterior includes newer windows and updated black awnings serving the commercial frontage. Residential occupants have access to a rear alley parking lot, and the commercial suites include an attached rear garage. A lower level provides storage space and may offer additional income potential. The property is zoned Business/Commercial and Residential-Multi-Family. Commercial tenants pay their own utilities and trash charges; residents pay unit electric, while ownership covers boiler heat, water, sewer, and trash. The current in-place cap rate is 10.13%.
Key Highlights
- 12,800‑square‑foot mixed‑use building with two commercial spaces and six apartments
- Three‑story brick property built in 1890
- Main‑level retail and office suites have long‑term leases
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines leased commercial suites with loft-style apartments.
Where is this mixed-use property located?
The property is located at 216 S Minnesota Avenue Saint Peter, MN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 12,800‑square‑foot mixed‑use building with two commercial spaces and six apartments; Three‑story brick property built in 1890; Main‑level retail and office suites have long‑term leases
