200 Minnesota Ave, Saint Peter, MN 56082-2522
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.