$ 1,999,000
-
$1,999,000
Price -
21,600
SqFt -
0.24
Acre
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About the Listing 27376 - 506069385
THIS IS A ONCE IN A LIFE-TIME OPPORTUNITY TO ACQUIRE A DOWNTOWN SAINT PETER ICONIC MIXED-USE BUILDING! ORIGINALLY CONSTRUCTED IN 1872 AS THE TOWNS MAIN HOTEL HANGOUT, THIS PROPERTY HAS SINCE BEEN CONVERTED INTO MAIN FLOOR AND LOWER LEVEL COMMERCIAL SPACES, 3-STORY ROW HOUSES, AND SECOND & THIRD FLOOR APARTMENTS. THE TOTAL GROSS BUILDING SQUARE FOOTAGE IS JUST OVER 24,000+. AFTER THE DEVASTATING 1998 TORNADO, A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. THE 2ND & 3RD FLOOR APARTMENTS FEATURE TALL CEILING HEIGHTS AND UPDATED KITCHENS & BATHROOMS. IN THE BACK OF THE PROPERTY THERE ARE FOUR ROW HOUSES EACH WITH UNIQUE LAYOUTS AND SOME WITH THREE STORIES. TWO OF THESE ROW-HOUSES ARE 1BD, 1BA AND THE OTHER TWO ARE 2BD + DEN, 1BA. YOU WILL DEFINITELY WANT TO TOUR THIS BUILDING!! PRO-FORMA NOI $198,337 / CAP RATE 9.92 %
Interior Details
- Appliances: Range, Refrigerator
- Air Cond: Central Air,Window Unit(s)
- Heating: Forced Air,Electric,Natural Gas,Oil
- Fireplaces:
- Floor:
- Basement: Drain Tiled,Drainage System,Egress Window(s),Finished,Full,Sump Pump
- Other: Ceiling Fan(s),Tile Floors,Walk-In Closet
- Water: City Water/Connected
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: N/A
- Lot Dimensions: 66 x 155
- Zoning: Business/Commercial,Residential-Multi-Family
- Roof: Age Over 8 Years,Asphalt,Flat,Pitched,Rubber
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Off Site,Parking Lot
Financial Details
- Tax Amount: $27,734
- Taxes w/Assessments: N/A
- Tax/Property ID: 194123672
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
122 S Minnesota Ave Saint Peter, MN 56082
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