322 Ml St, Peterson, MN 55962-9774
This 800-square-foot commercial property, located at 322 Mill Street in Peterson, Minnesota, presents a versatile opportunity for a variety of businesses. The split floor plan allows for flexible use, ideal for a small business, artist's studio, retail space, or office. Alternatively, the building could be renovated for residential purposes. The property sits on a 0.02-acre lot, offering a sizable lawn area for green space. Convenient off-street parking is available via an alley behind the building. Its prime location offers exceptional accessibility, being just 400 feet from the Root River Bike Trail. Furthermore, essential amenities such as gas stations, grocery stores, hardware stores, a clinic, and a pharmacy are conveniently located within a 4.5-mile radius. The vibrant Peterson community provides a welcoming atmosphere with seasonal events and activities, and the Root River offers recreational opportunities for tubing, kayaking, and fishing. This property is priced at $89,900 and presents a unique blend of convenience, versatility, and community engagement. The building's size and layout offer significant potential for a variety of uses, making it an attractive investment opportunity in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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.