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    OFF-MARKET
    Investment properties

    322 Ml St, Peterson, MN 55962-9774

    962 SF Built 1965
    Individually Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US46-2683848
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1965
    Total area 962 SF
    APN 07.0078.010
    UPID US46-2683848
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Collin Schroeder · 12 yrs held
    Collin Schroeder
    since 2013
    Last sale
    $77,000
    2 recorded transactions
    2013
    $45,500
    2012
    $40,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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