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About the Listing 253243 - 503513727
Prime Development Opportunity in Peterson, Minnesota Located at 116 Mill Street, Peterson, MN, this 40x36 unfinished wood-frame building, constructed in 2018, is currently classified by the city and county as a garage and is being sold as-is. The structure sits on a concrete slab foundation and features a steel roof, white vinyl siding, multiple windows providing natural light, an overhead garage door, and a separate pedestrian entry. The property offers ample off-street parking on a spacious lot. Water Line, electric and sewer lines piped into building, providing a blank slate for future use. Subject to local zoning and permitting, the building offers potential for completion as a custom residence, workshop, storage facility, or other permitted use. The property is located in the Village of Peterson, a scenic community along the Root River and directly adjacent to the Root River State Trail, a paved multi-use trail spanning approximately 60 miles. The area is known for outdoor recreation including biking, hiking, fishing, kayaking, and tubing, and is situated in Minnesota’s Driftless Region with limestone bluffs and rolling terrain. Lanesboro, MN, is just minutes away and offers additional dining, lodging, and tourist amenities. With its size, existing structure, and desirable location near trail and river access, this property presents a unique opportunity for buyers seeking a flexible development or investment option in Southeast Minnesota. There is a new campground going in right behind this properties boundary line as well. Buyer to verify all intended uses with the city and county.
Listing Highlights
Interior Details
- Bedrooms: 1
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces: 0
- Floor:
- Basement:
- Other:
- Water: City Water - In Street
Exterior Details
- Garage Capacity: 1 car
- Lot Dimensions: 68x165
- Zoning: Residential-Single Family
- Roof: Metal
- Others:
- Sewer: City Sewer - In Street
- Parking Features: Attached Garage,On-Street Parking Only
Financial Details
- Tax Amount: $1,398
- Taxes w/Assessments: N/A
- Tax/Property ID: 070022000
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
116 Mill St Peterson, MN 55962
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