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    OFF-MARKET
    Office buildings

    200 Minnesota Ave, Saint Peter, MN 56082-2522

    2,524 SF 0.08 ac lot Built 1930
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US46-2854914
    Property summary
    AI-generated overview

    This charming, historic office building at 200 S Minnesota Ave, Saint Peter, MN 56082, presents a compelling investment opportunity. The 2,524 square foot building, constructed in 1930 and recently renovated, offers six individual units, currently boasting 33% occupancy. This allows for immediate income generation and the potential for owner-occupancy. The property is classified as a Class B office building and is leased under a NNN (Net, Net, Net) agreement, making it an attractive option for investors seeking a low-maintenance investment. Located in Nicollet County, within the thriving Saint Peter area, this property benefits from its prime location and historic character. The building's timeless appeal, combined with its strong potential for increased occupancy, makes it an ideal investment for those seeking a piece of Saint Peter's commercial real estate market. The asking price for this multi-tenant office building is $350,000. This is a rare opportunity to acquire a well-maintained, historic property with significant upside potential in a desirable location. The property's six units provide flexibility for various business needs, and the existing occupancy provides immediate cash flow. Don't miss this chance to own a piece of Saint Peter's history and commercial landscape.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1930
    Total area 2,524 SF
    Lot 0.08 ac (3,410 SF)
    APN 19.412.3910
    UPID US46-2854914
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Arrow Commercial Properties LLC · 14 yrs held
    Arrow Commercial Properties LLC
    since 2012
    Last sale
    $285,000
    1 recorded transaction
    2012
    $180,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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