1 Scholarship WaySaint Peter, MN 56082

Property Details for 1 Scholarship Way

Year built

1984

Lot size

18.23 AC

Property size (Sq ft)

39,576 SF

Property type

Office buildings

APN

19.020.0090

APU

190200090

Description

This exceptional 18.32-acre commercial land parcel presents a unique investment opportunity in Saint Peter, Minnesota. Located at 1 Scholarship Way, this property (APN 19-020-0090) offers significant potential for various commercial developments. The asking price is $2,500,000. Saint Peter boasts a strategic location along Highway 169 and the Minnesota River, providing excellent accessibility. The city's vibrant community is further enhanced by the presence of Gustavus Adolphus College, a significant institution with an enrollment of 2,100 students. This substantial student population contributes to a robust local economy and creates a strong potential market for various commercial ventures. Adding to the city's healthcare infrastructure is the Mayo Clinic's presence through its Rivers Edge and St. Peter Community Clinics. The city's population of 12,158 residents provides a solid base for local businesses. This expansive land parcel offers developers the chance to capitalize on Saint Peter's growth and create a thriving commercial project within a well-established and thriving community. The property's size and location make it ideal for a wide range of commercial uses, presenting a compelling investment opportunity with significant long-term potential. The property is zoned for commercial use (verification of zoning is recommended). Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $6,514,646

  6.5%

  $6,013,519

  7%

  $5,583,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,019,959

  Geo Method

  $2,019,959

• Alternative Use

  Use

  Valuation

  Residential

  $7,456,764

  Hospitality

  $6,830,356

  Educational

  $5,682,776

  Medical

  $5,878,215

  Retail

  $8,839,873

Location Insight

City

Saint Peter

County

Nicollet

State

Minnesota

Latitude

44.3172

Longitude

-93.9757

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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