419 Minnesota Ave Saint Peter, MN 56082-2547
Property profile & analytics
419 Minnesota Ave, Saint Peter, MN 56082-2547
- Retail space
- 9,864 SF
- 0.27 lot acres
Property ID
US46-2432785
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Capitol Room / Hotel & Motel / Resort
Property Details for 419 Minnesota Ave
- Year built
- 1913
- Lot size
- 0.27 lot acres
- Property type
- Retail space
- APN
- 19.412.5565
- APU
- 194125565
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $440,000
Market price range: $299k - $600k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $415,000 Current use
- OFFICE BUILDING
- $690,000 Change: +66% Conversion: Easy
- RESTAURANT
- $675,000 Change: +63% Conversion: Easy
- AUTO REPAIR, GARAGE
- $675,000 Change: +63% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $405,000 Change: -2% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $405,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Saint Peter
- County
- Nicollet
- State
- Minnesota
- Longitude
- -93.9579
- Latitude
- 44.3226
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,052
$154,500
$411,500
$566,000
-
$154,500
$411,500
$566,000
