1505 Old Minnesota Ave Saint Peter, MN 56082
- Retail properties
- 4,288 SF
Current Use by Public Records
- Retail properties
Property Details for 1505 Old Minnesota Ave
- Property size
- 4,288 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 4,288 square foot Class B restaurant building, formerly a KFC franchise, is available for $495,000 ($115.44/sq ft). Located at 1505 Old Minnesota Ave in St. Peter, MN (zip code 56082), this vacant property boasts a highly visible corner lot with 330 feet of frontage on Highway 169, experiencing over 20,500 vehicles per day. The building features high-level electrical technology and remaining non-franchise equipment. A large "L"-shaped parking lot provides ample space for employees and customers. The property is situated in a new development area on the north approach to St. Peter, near a recently constructed national franchise hotel and a HyVee grocery store. This is a triple net (NNN) lease opportunity in a prime location, ideal for a restaurant, sports bar, or other retail use. The seller is offering this property at a price below the cost of land development alone, making it an exceptional investment opportunity in a strong opportunity zone. The property is being sold as-is per the red line site plan. This is a must-see property for any investor seeking a high-traffic, highly visible location in a growing area.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Peter
- County
- Nicollet
- State
- Minnesota
- Longitude
- -93.9512
- Latitude
- 44.3453
