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    Property profile & analytics

    215 Minnesota Ave Saint Peter, MN 56082-2521

    • Turn key restaurants
    • 10,502 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Last Sale
    Aug 06, 2020
    $535,000
    Location Intelligence
    Property ID
    US46-2623243
    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

    • Stained Glass Studio of St. Peter / Stained Glass Studio
    • La Mexicana Market / Grocery Store / Mexican Restaurant

    Property Details for 215 Minnesota Ave

    Year built
    1890
    Lot size
    0.10 lot acres
    Property size
    10,502 SF
    Property type
    Turn key restaurants
    APN
    19.412.5830
    APU
    194125830

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $500,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $570,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $560,000
      Mixed-Use
      $570,000
      Hospitality
      $590,000
      Educational
      $515,000
      Residential Income
      $460,000
      Energy
      $465,000
      Income-Based Land
      $490,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.9565
    Latitude
    44.3243
    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
    $8,890
    $72,100
    $339,200
    $411,300
    -
    $72,100
    $339,200
    $411,300

    Comparable in this City

    • Value Estimation
      $240,000
      6,664 SF

      220 Minnesota Ave

      RESTAURANT • 6,664 SF
      220 Minnesota Ave, Saint Peter, MN 56082-2522
      View Details
    • Value Estimation by Request
      4,288 SF

      Dranttel St

      RESTAURANT • 4,288 SF
      Dranttel St, Saint Peter, MN 56082
      View Details
    • Value Estimation
      $320,000
      7,290 SF

      225 Minnesota Ave

      RESTAURANT • 7,290 SF
      225 Minnesota Ave, Saint Peter, MN 56082-2521
      View Details
    • Value Estimation by Request
      7,946 SF

      408 12th S 3rd St

      RESTAURANT • 7,946 SF
      408 12th S 3rd St, Saint Peter, MN 56082-2032
      View Details
    • Value Estimation
      $415,000
      4,224 SF

      229 Nassau St

      RESTAURANT • 4,224 SF
      229 Nassau St, Saint Peter, MN 56082-2055
      View Details
    • Value Estimation by Request
      9,964 SF

      320 Sunrise Dr

      RESTAURANT • 9,964 SF
      320 Sunrise Dr, Saint Peter, MN 56082-1352
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,864 SF

      Historic St. Peter Wedding Venue

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      Four-bedroom townhome with new paint and flooring, active rental license.
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      Saint Peter Development Opportunity

      Land parcel suitable for land and industrial projects.
      1303 Old Minnesota Ave, St Peter, MN 56082
      View Details
    • New
      $219,900
      21.30 Acres

      Residential Land with Wooded Hillside

      21+ acre building site between St. Peter and Mankato.
      458Th Ln, St Peter, MN 56082
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      Saint Peter Residential Development Opportunity

      37+/- acres near city limits with development potential.
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    Similar Nearby for Lease

    • $850 /Mo
      11,470 SF

      Renovated Retail Space on Minnesota

      Newly renovated retail/office spaces in the heart of downtown St. Peter.
      208 South Minnesota Ave, Saint Peter, MN 56082
      View Details
    • $12 SF/Yr
      16,717 SF

      Downtown St. Peter Office Space

      Prime Office Suites, Newly Renovated
      108 Minnesota Ave, Saint Peter, MN 56082
      View Details
    • Contact for pricing
      480 SF

      Renovated Commercial Spaces For Lease

      Recently renovated commercial spaces with street frontage and parking.
      208-212 S Minnesota Ave, St Peter, MN 56082
      View Details
    • Contact for pricing
      11,256 SF

      St. Peter Executive Office Space

      Prime Office Space, 1,431 SF Available
      622 Sunrise Dr, Saint Peter, MN 56082
      View Details
    • $17 SF/Yr
      5,520 SF

      Arts Center Office Suites for Lease

      Prime Downtown St. Peter Office Space
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      View Details
    • Contact for pricing

      Shovel-Ready Lot with Hoop Shed

      Accessible lot with outdoor storage and a hoop building.
      1716 N 3Rd St, St Peter, MN 56082
      View Details
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    215 Minnesota Ave
    Saint Peter, MN 56082-2521
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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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