Old Minnesota Ave And Ritt St Saint Peter, MN 56082
- Land
- 118,918 SF
- 2.73 lot acres
Current Use by Public Records
- Land
Property Details for 0 Old Minnesota Ave And Ritt St
- Lot size
- 2.73 lot acres
- Property size
- 118,918 SF
- Property type
- Land
Description
This exceptional 2.73-acre commercial land parcel in St. Peter, Minnesota, presents a unique investment opportunity. Located on Old Minnesota Ave and Ritt Street, this property boasts unparalleled visibility from Highway 169 (18,400 vehicles per day), making it ideal for businesses seeking high traffic exposure. The site is situated on the north lot adjacent to the newly constructed Best Western hotel, creating a synergistic location. Given the hotel's lack of on-site dining, this land is perfectly suited for a restaurant or sports bar. The property's 118,918 square feet offer ample space for development. St. Peter's thriving downtown, Gustavus Adolphus College, and the Capitol Room wedding venue contribute to a robust local economy and consistent visitor traffic. The city is actively supportive of development in this rapidly expanding area, offering potential for collaboration with new owners. APN: 19.704.0270. This is a gateway opportunity for businesses seeking to establish a strong presence in a vibrant Minnesota community. Sellers are motivated to find the right buyer for this prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Peter
- County
- Nicollet
- State
- Minnesota
- Longitude
- -93.951
- Latitude
- 44.3428
