122 S Minnesota Avenue, Saint Peter

$2,200,000

0 Bed
0 Bath
.24 Acre
0 Garage

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, 3-STORY ROW HOUSES, WITH SECOND AND THIRD FLOOR APARTMENTS. TOTAL GROSS BUILDING SQUARE FOOTAGE JUST OVER 24,000+. JUST AFTER THE DEVASTATING 1998 TORNADO A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, THE WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. BOTH THE MAIN FLOOR AND LOWER LEVEL HAVE LONG STANDING COMMERCIAL TENANTS. 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 2

Essential Information
MLS® #6509744
Price$2,200,000
Bathrooms0.00
Acres0.24
Year Built1872
TypeCommercial Sale
StatusActive
Sub-Type

Apartment,Mixed Use,Low Rise,Office

Style

Apartment,Mixed Use,Low Rise,Office

Community Information
Address122 S Minnesota Avenue
SubdivisionAmended
CitySaint Peter
CountyNicollet
StateMN
Zip Code56082
Amenities
GaragesPaved
Interior
AppliancesRange, Refrigerator
HeatingBaseboard, Forced Air
Exterior
Lot DescriptionCorner Lot
ConstructionBrick/Stone
Roof

Age Over 8 Years, Asphalt, Metal, Rubber

School Information
DistrictSt. Peter
Additional Information
Days on Market31
Zoning

Business/Commercial,Residential-Multi-Family

Listing Details
OfficeApartment Cash Flow, Inc.
Property History
Price Reduced from $2,250,000 to $2,200,000
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Listing information last updated on April 27th, 2024 at 7:20am CDT.