Building Details

Year Renovated 2017

Buildings 1

Building Size 11,000 SF

Tenancy Single

Listing Agency: Coldwell Banker Commercial Fisher Group d***@cbcfishergroup.com Show Phone

Listed By: Dain Fisher

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 7:55AM

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Investment Insights

Based on property information with market context.

This historic armory has been converted into an 11,000-square-foot event venue designed for weddings and other large gatherings. The interior includes a ballroom, cocktail room, bridal suite, groom’s suite, commercial kitchen, and two sets of restrooms. Renovation work was completed in 2017.

The property is positioned along US Highway 169 in St. Peter, near salons, grocery stores, dining, and a new development. It is occupied by a single tenant under a triple-net lease with three years remaining, along with two five-year renewal options.

Key Highlights

• 11,000 SF historic armory building renovated in 2017
• Event venue includes ballroom, cocktail room, bridal suite, and groom’s suite
• Commercial kitchen and two sets of restrooms

Property Analytics

Property Profile

Current Use

The Capitol Room Hotel & Motel

Suggested Use

Top Pick Pharmacy HVAC Service Nail Salon Law Firm Bakery Auto Repair Shop

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

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

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

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Frequently Asked Questions

What type of property is this?

Wedding venue - Renovated event property with dedicated suites, commercial kitchen, cocktail space, and multiple restroom facilities.

Where is this wedding venue located?

The property is located at 419 S Minnesota Ave. St Peter, MN.

What are key features of this property?

This property features: 11,000 SF historic armory building renovated in 2017; Event venue includes ballroom, cocktail room, bridal suite, and groom’s suite; Commercial kitchen and two sets of restrooms