419 Minnesota Ave Saint Peter, MN 56082-2547
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.
-
The Capitol Room Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.