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Property profile & analytics
FOR LEASE
Retail space

108 S Minnesota Ave St Peter, MN 56082

16,717 SF 0.53 ac lot Built 1944
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US46-2083551
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1944
Total area 16,717 SF
Lot 0.53 ac (23,079 SF)
APN 19.412.3710
UPID US46-2083551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Milavetz Injury Law, P.A. Law Firm
  • Jaxson Witty-Keller Williams Preferred Realty Real Estate Agency
  • Peters Business Forms (Bike/Boat/Book/etc) Store
  • Lauren Dickie Physician Medical Clinic
  • Kara Kocmick Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Turton Family Holdings LLC · 2 yrs held
Turton Family Holdings LLC
since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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