1 Scholarship Way Saint Peter, MN 56082-1693
- Office buildings
- 39,576 SF
- 18.23 lot acres
Current Use by Public Records
- Scholarship America / Non-Profit Organization
- PARKING LOT / Parking Lot
Property Details for 1 Scholarship Way
- Year built
- 1984
- Lot size
- 18.23 lot acres
- Property size
- 39,576 SF
- Property type
- Office buildings
- APN
- 19.020.0090
- APU
- 190200090
Description
This exceptional 18.32-acre commercial land parcel presents a unique investment opportunity in Saint Peter, Minnesota. Located at 1 Scholarship Way, this property (APN 19-020-0090) offers significant potential for various commercial developments. The asking price is $2,500,000. Saint Peter boasts a strategic location along Highway 169 and the Minnesota River, providing excellent accessibility. The city's vibrant community is further enhanced by the presence of Gustavus Adolphus College, a significant institution with an enrollment of 2,100 students. This substantial student population contributes to a robust local economy and creates a strong potential market for various commercial ventures. Adding to the city's healthcare infrastructure is the Mayo Clinic's presence through its Rivers Edge and St. Peter Community Clinics. The city's population of 12,158 residents provides a solid base for local businesses. This expansive land parcel offers developers the chance to capitalize on Saint Peter's growth and create a thriving commercial project within a well-established and thriving community. The property's size and location make it ideal for a wide range of commercial uses, presenting a compelling investment opportunity with significant long-term potential. The property is zoned for commercial use (verification of zoning is recommended). Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,495,000
- 6.5%
- $1,725,000
- 7%
- $1,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,730,000
- Geo Method
- $1,500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,410,000
- Retail
- $1,355,000
- Mixed-Use
- $1,670,000
- Hospitality
- $1,285,000
- Educational
- $1,660,000
- Residential Income
- $1,795,000
- Energy
- $1,625,000
- Income-Based Land
- $1,535,000
- Food Service
- $1,655,000
Location Insight
- Map
- Local Demand
- City
- Saint Peter
- County
- Nicollet
- State
- Minnesota
- Longitude
- -93.9757
- Latitude
- 44.3172
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
