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    Property profile & analytics

    200 Minnesota Ave Saint Peter, MN 56082-2522

    • Office buildings
    • 2,524 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Last Sale
    Apr 03, 2025
    $285,000
    Location Intelligence
    Property ID
    US46-2854914
    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

    • Office buildings

    Property Details for 200 Minnesota Ave

    Year built
    1930
    Lot size
    0.08 lot acres
    Property size
    2,524 SF
    Property type
    Office buildings
    APN
    19.412.3910
    APU
    194123910

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $335,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $330,000
      Mixed-Use
      $280,000
      Hospitality
      $345,000
      Educational
      $330,000
      Residential Income
      $285,000
      Energy
      $290,000
      Income-Based Land
      $265,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.957
    Latitude
    44.3251
    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
    $7,042
    $44,400
    $164,800
    $209,200
    -
    $44,400
    $164,800
    $209,200

    Comparable in this City

    • Value Estimation by Request
      22,646 SF

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    • Value Estimation by Request
      11,256 SF

      622 Sunrise Dr

      OFFICE BUILDING • 11,256 SF
      622 Sunrise Dr, Saint Peter, MN 56082-5500
      View Details
    • Value Estimation
      $100,000
      1,029 SF

      Saint Peter, MN 56082

      OFFICE BUILDING • 1,029 SF
      Saint Peter, MN 56082
      View Details
    • Value Estimation
      $330,000
      2,116 SF

      1031 Grace St

      OFFICE BUILDING • 2,116 SF
      1031 Grace St, Saint Peter, MN 56082-1300
      View Details
    • Value Estimation
      $3,055,000
      4,374 SF

      1304 Marshall St

      OFFICE BUILDING • 4,374 SF
      1304 Marshall St, Saint Peter, MN 56082-4500
      View Details
    • Value Estimation
      $400,000
      5,520 SF

      315 Minnesota Ave

      OFFICE BUILDING • 5,520 SF
      315 Minnesota Ave, Saint Peter, MN 56082-2523
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • New
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      Residential Land with Wooded Hillside

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    Similar Nearby for Lease

    • $850 /Mo
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      Renovated Retail Space on Minnesota

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      Arts Center Office Suites for Lease

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    • $12 SF/Yr
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      Downtown St. Peter Office Space

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    • Contact for pricing

      Shovel-Ready Lot with Hoop Shed

      Accessible lot with outdoor storage and a hoop building.
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    • Contact for pricing
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      Renovated Commercial Spaces For Lease

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    200 Minnesota Ave
    Saint Peter, MN 56082-2522
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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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