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    208 South Minnesota Ave Saint Peter, MN 56082

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    For Lease
    $850 /Mo ($0.89 SF/Yr)

    Newly renovated retail/office spaces in the heart of downtown St. Peter.

    Property size:
    11,470 SF
    Lot size:
    11,470 SF

    Property Features for 208 South Minnesota Ave

    General Information

    Size
    11,470 SF

    Building Details

    Year built
    1900
    Source: Naiglobal

    Listing Agent: David Schooff

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

    Overview

    Renovated Retail Space on Minnesota

    Available for lease are recently renovated commercial spaces located on Minnesota Avenue. These single-office/retail spaces feature individual restrooms and are newly renovated. Suite 101 benefits from excellent retail frontage along Highway 169, including dedicated exterior signage placement. The interior suite boasts ceilings exceeding 10 feet in height. Both suites are turnkey ready for small space users, with build-to-suit options negotiable. Positioned in downtown St. Peter, this storefront on South Minnesota Avenue (Highway 169) offers high visibility, foot traffic, and daily vehicle exposure. The location is surrounded by local businesses, cafes, banks, and professional services, creating a walkable setting suitable for a small office, boutique retailer, or service-based tenant. Ample on-street parking and proximity to Gustavus Adolphus College contribute to customer flow. The property features street frontage and a newly renovated facade and interior suites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Main Street Stylists Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.956645
    Latitude
    44.324937

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    FAQs

    What type of property is this?
    Retail space - Newly renovated retail/office spaces in the heart of downtown St. Peter.
    Where is this retail space located?
    The property is located at 208 South Minnesota Ave Saint Peter, MN.
    What is the lease rate?
    The lease rate is $0.89 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible storefront on South Minnesota Avenue (Highway 169) with excellent foot and vehicle traffic.; - Newly renovated facade and interior suites with dedicated exterior signage placement for Suite 101.; - Located in the heart of downtown St. Peter, surrounded by thriving businesses, cafes, and services.
    (507) 380-7340
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    208 South Minnesota Ave Saint Peter, MN 56082
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    Saint Peter, MN 56082
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    208 South Minnesota Ave Saint Peter, MN 56082
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