224 Minnesota Ave Saint Peter, MN 56082-2522

This fully occupied, mixed-use property in Saint Peter, Minnesota presents a compelling investment opportunity. The 9,456 square foot building, constructed in 1887 and renovated in 1998, boasts a unique blend of commercial and residential space. The property features two large main floor retail units, one of which is occupied by a long-term franchisee tenant, Erberts & Gerberts. The second floor comprises two oversized loft-style apartments with high ceilings. A long-term tenant occupies the lower level. The building is 100% occupied, generating a net operating income (NOI) of $45,625, resulting in a 7.02% capitalization rate. The property is a three-story, all-brick and Kasota limestone structure situated on a 0.083-acre lot (APN: 19-412-3810). The asking price is $650,000 ($130,000 per unit, $68.74 per square foot). The roof was replaced in 1998, and windows have been updated. Most utilities are paid by tenants. This stabilized, value-add investment is offered in as-is condition and is suitable for a 1031 exchange. The property is zoned commercial and offers excellent curb appeal. Financial details are available upon request.