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Property profile & analytics
OFF-MARKET Estimated value $510,000
Retail space

419 Minnesota Ave Saint Peter, MN 56082-2547

9,864 SF 0.27 ac lot Built 1913
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US46-2432785
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, 9,864 square foot retail property located at 419 S Minnesota Ave, Saint Peter, MN 56082, within Nicollet County. Built in 1913, this meticulously restored historic building boasts a rich history and is widely recognized as the Capitol Room, a renowned wedding venue. The property features two distinct event spaces, perfectly suited for weddings and other large gatherings. Additional amenities include dedicated bridal party suites and a fully equipped catering preparation area. Currently operating as a single-tenant, fully leased property, this asset offers a stable income stream and significant potential for future growth. The property's prime location along the thriving downtown corridor of Saint Peter, Minnesota ensures high visibility and accessibility. This is a unique chance to acquire a piece of St. Peter's history and a successful, established business within a vibrant community. The seller is open to an asset or business sale, providing flexibility for potential investors. This award-winning venue is known to brides across Minnesota, ensuring a strong reputation and consistent demand. The property's size and features make it an ideal investment for those seeking a stable, income-generating asset with significant historical significance.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1913
Total area 9,864 SF
Lot 0.27 ac (11,857 SF)
APN 19.412.5565
UPID US46-2432785
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
Current use
Occupant on record · Public records
  • The Capitol Room Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$441k
Blend (final) Blend
$510k
Owner & transaction history
Lavinia Properties LLC
Lavinia Properties LLC
since 2025
Last sale
$650,000
3 recorded transactions
2025
$650,000
2025
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $690,000 +66.3%
Restaurant $675,000 +62.7%
Auto repair, garage $675,000 +62.6%
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