Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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