315 Minnesota AveSaint Peter, MN 56082

Property Details for 315 Minnesota Ave

Year built

1941

Lot size

0.19 AC

Property size (Sq ft)

5,520 SF

Property type

Office buildings

APN

19.412.5700

APU

194125700

Description

This exceptional commercial property offers three private office suites for lease, located on the second floor of the Arts Center of St. Peter building. The total building size is 5,520 square feet, encompassing three suites in total, situated on a 0.19-acre lot. Each suite provides a unique workspace ranging from 284 to 400 square feet, perfect for small businesses or individual professionals. The building is classified as Class B and features a multi-tenant occupancy. The property boasts a highly desirable downtown St. Peter location, surrounded by a vibrant mix of coffee shops, boutiques, and restaurants, offering convenient access to local amenities. This is a gross lease opportunity with negotiable terms, providing flexibility to tailor the lease agreement to your specific requirements. The Arts Center setting offers a creative and inspiring work environment, unlike any other. This is an excellent opportunity to establish your business in a thriving downtown location within a unique and artistic building. The property is ready for immediate occupancy. Lease terms are flexible and negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $908,653

  6.5%

  $838,756

  7%

  $778,845

• Comparable approach

  Method

  Valuation

  Relative Method

  $281,741

  Geo Method

  $281,741

• Alternative Use

  Use

  Valuation

  Residential

  $1,040,058

  Hospitality

  $952,688

  Educational

  $792,625

  Medical

  $819,884

  Retail

  $1,232,972

Location Insight

City

Saint Peter

County

Nicollet

State

Minnesota

Latitude

44.3235

Longitude

-93.9571

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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