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    Property profile & analytics

    108 Minnesota Ave Saint Peter, MN 56082

    • Retail space
    • 16,717 SF
    • 0.53 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US46-2083551
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Milavetz Injury Law, P.A. / Personal Injury Attorney
    • Jaxson Witty-Keller Williams Preferred Realty / Real Estate Agent
    • Peters Business Forms / Office Supply Store
    • Lauren Dickie / Psychologist
    • Kara Kocmick / Social Worker

    Property Details for 108 Minnesota Ave

    Year built
    1944
    Lot size
    0.53 lot acres
    Property size
    16,717 SF
    Property type
    Retail space
    APN
    19.412.3710
    APU
    194123710

    Description

    This exceptional three-story, 16,717 square foot building offers a diverse range of office spaces for lease in the heart of downtown St. Peter. Recently renovated in 2024, this Class B property boasts a prime location along Highway 169, ensuring high visibility and accessibility. The building features 10 suites, ranging from a minimum of 128 square feet to a maximum contiguous space of 1,800 square feet, providing flexibility for various business needs. Currently, the building houses a mix of established tenants including Paddlefish Brewing Company, KW Realty, Vet Pharmacy, and Great Wall restaurant, creating a vibrant and collaborative atmosphere. The building includes ample parking with 60 spaces and a single elevator for convenient access to all three floors. A total of 2,200 square feet is currently available for lease. Utilities and common area maintenance (CAM) expenses are included in the base lease rate, simplifying budgeting and streamlining operations. Lease rates are negotiable and will depend on the specific suite size and tenant build-out requirements. This is a unique opportunity to secure office space in a newly renovated building with excellent visibility and a strong tenant mix. Don't miss the chance to be part of this exciting downtown St. Peter development.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.9565
    Latitude
    44.3257
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,336
    $300,800
    $480,300
    $781,100
    -
    $300,800
    $480,300
    $781,100

    Comparable in this City

    • Value Estimation
      $195,000
      9,903 SF

      401 Minnesota Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,903 SF
      401 Minnesota Ave, Saint Peter, MN 56082-2505
      View Details
    • Value Estimation
      $315,000
      7,068 SF

      201 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 7,068 SF
      201 3rd St, Saint Peter, MN 56082-2044
      View Details
    • Value Estimation
      $65,000
      1,344 SF

      1721 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,344 SF
      1721 3rd St, Saint Peter, MN 56082-1721
      View Details
    • Value Estimation
      $485,000
      5,448 SF

      1702 Hwy 169

      RETAIL STORES (PERSONAL SERVICES) • 5,448 SF
      1702 Hwy 169, Saint Peter, MN 56082-2304
      View Details
    • Value Estimation
      $270,000
      6,504 SF

      304 Minnesota Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,504 SF
      304 Minnesota Ave, Saint Peter, MN 56082-2524
      View Details
    • Value Estimation
      $200,000
      3,928 SF

      309 Minnesota Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,928 SF
      309 Minnesota Ave, Saint Peter, MN 56082-2523
      View Details

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    Similar Nearby for Lease

    • $850 /Mo
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      Renovated Retail Space on Minnesota

      Newly renovated retail/office spaces in the heart of downtown St. Peter.
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      Renovated Commercial Spaces For Lease

      Recently renovated commercial spaces with street frontage and parking.
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    • $12 SF/Yr
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      Downtown St. Peter Office Space

      Prime Office Suites, Newly Renovated
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      View Details
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      Shovel-Ready Lot with Hoop Shed

      Accessible lot with outdoor storage and a hoop building.
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      St. Peter Executive Office Space

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      Arts Center Office Suites for Lease

      Prime Downtown St. Peter Office Space
      315 Minnesota Ave, Saint Peter, MN 56082
      View Details
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    Saint Peter, MN 56082
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    Realmo Value Estimation

    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.

    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
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