Property profile

322 Ml St Peterson, MN 55962

OFF-MARKET
Investment properties
Property ID
US46-2683848
962 SF Built 1965
Individually Owned 12-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

322 Ml St Peterson, MN 55962-9774
Peterson metro Census 960100 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$80k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2013
Last sale
$77,000
2 recorded transactions
2013
$45,500
2012
$40,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 322 Ml St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message