200 Minnesota AveSaint Peter, MN 56082

Property Details for 200 Minnesota Ave

Year built

1930

Lot size

0.08 AC

Property size (Sq ft)

2,524 SF

Property type

Office buildings

APN

19.412.3910

APU

194123910

Description

This charming, historic office building at 200 S Minnesota Ave, Saint Peter, MN 56082, presents a compelling investment opportunity. The 2,524 square foot building, constructed in 1930 and recently renovated, offers six individual units, currently boasting 33% occupancy. This allows for immediate income generation and the potential for owner-occupancy. The property is classified as a Class B office building and is leased under a NNN (Net, Net, Net) agreement, making it an attractive option for investors seeking a low-maintenance investment. Located in Nicollet County, within the thriving Saint Peter area, this property benefits from its prime location and historic character. The building's timeless appeal, combined with its strong potential for increased occupancy, makes it an ideal investment for those seeking a piece of Saint Peter's commercial real estate market. The asking price for this multi-tenant office building is $350,000. This is a rare opportunity to acquire a well-maintained, historic property with significant upside potential in a desirable location. The property's six units provide flexibility for various business needs, and the existing occupancy provides immediate cash flow. Don't miss this chance to own a piece of Saint Peter's history and commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $415,478

  6.5%

  $383,518

  7%

  $356,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $128,825

  Geo Method

  $128,825

• Alternative Use

  Use

  Valuation

  Residential

  $475,563

  Hospitality

  $435,613

  Educational

  $362,425

  Medical

  $374,889

  Retail

  $563,772

Location Insight

City

Saint Peter

County

Nicollet

State

Minnesota

Latitude

44.3251

Longitude

-93.957

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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