Saint Peter MN Commercial for Sale
- Type:
- Apartment
- Sq.Ft.:
- 9,500
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1887
- Baths:
- MLS#:
- 6535037
View additional info
Courtesy: Apartment Cash Flow, Inc.
651-263-3653
ADDITIONAL INFORMATION
THIS DOWNTOWN ICONIC SAINT PETER MINNESOTA PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ACQUIRE A UNIQUE ALL BRICK AND KASOTA LIMESTONE FIVE-UNIT MIXED-USE PROPERTY!! THE BUILDING FEATURES TWO LARGE MAIN FLOOR RETAIL UNITS. ERBERTS & GERBERTS IS ONE OF THESE ANCHOR TENANTS AND HAS A LONG LEASE IN PLACE. THE SECOND FLOOR FEATURES TWO OVERSIZED LOFT STYLE APARTMENTS WITH TALL CEILINGS. THE LOWER LEVEL IS LEASED TO A GOOD STANDING LONG TERM TENANT. THE WHOLE ASSET IS FULLY LEASED AND IN TURN-KEY CONDITION!! AMAZING EXTERIOR CURB APPEAL. MOST UTILITIES ARE PAID BY TENANTS. ROOF IS 1998 AND WINDOWS HAVE BEEN REPLACED.
- Type:
- Mixed Use
- Sq.Ft.:
- 1
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1890
- Baths:
- MLS#:
- 6509510
View additional info
Courtesy: Apartment Cash Flow, Inc.
651-263-3653
ADDITIONAL INFORMATION
OPPORTUNITY KNOCKS WITH THIS EIGHT UNIT MIXED-USE BUILDING FOR SALE. THE PROPERTY IS LOCATED IN THE CENTRAL BUSINESS DISTRICT IN DOWNTOWN SAINT PETER, MN. THE MAIN FLOOR HAS TWO LARGER RETAIL AND/OR OFFICE SPACES AND ARE CURRENTLY LEASED. THE SECOND AND THIRD FLOORS FEATURE SIX LOFT STYLE APARTMENTS WITH TALL CEILING HEIGHT AND SOME EXPOSED BRICK. THE EXTERIOR IS ALL BRICK AND HAS RECEIVED ALL NEWER WINDOWS AND BLACK AWNINGS. THERE IS A PARKING LOT IN BACK FOR TENANTS AND ALSO AN ATTACHED GARAGE. THE LOWER LEVEL IS USED FOR STORAGE AND COULD BE AN OPPORTUNITY FOR MORE INCOME WITH YOUR IDEAS. EACH COMMERCIAL TENANT PAYS FOR THEIR OWN UTILITIES INCLUDING EXTRA FOR TRASH. THE RESIDENTS UPSTAIRS ARE RESPONSIBLE FOR PAYING THEIR OWN UNIT ELECTRIC AND OWNER PAYS FOR THE BOILER HEAT, WATER, AND TRASH. IN-PLACE CAP RATE IS CURRENTLY OVER 7.15% WITH ROOM TO RAISE RENTS ORGANICALLY OVER THE NEXT 1-2 YEARS IN A NON RENT CONTROLLED CITY. CALL TO GET MORE FINANCIALS!
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved
Saint Peter Real Estate
The median home value in Saint Peter, MN is $260,500. This is lower than the county median home value of $264,300. The national median home value is $338,100. The average price of homes sold in Saint Peter, MN is $260,500. Approximately 59.42% of Saint Peter homes are owned, compared to 36.95% rented, while 3.63% are vacant. Saint Peter real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Saint Peter real estate agent to arrange a tour today!
Saint Peter, Minnesota has a population of 11,699. Saint Peter is less family-centric than the surrounding county with 24.66% of the households containing married families with children. The county average for households married with children is 30.55%.
The median household income in Saint Peter, Minnesota is $59,692. The median household income for the surrounding county is $74,317 compared to the national median of $69,021. The median age of people living in Saint Peter is 32.6 years.
Saint Peter Weather
The average high temperature in July is 83 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 31.7 inches per year, with 38.7 inches of snow per year.