This development opportunity is located in St. Peter, Minnesota, on Old Minnesota Avenue, offering approximately 3.46 acres in a prominent corner setting. Positioned near major retailers including McDonald's, Hy-Vee, and Dollar General, the site benefits from strong visibility and accessibility. The parcel is nestled alongside Hallett’s Pond, providing future development projects with scenic views and access to a public walking path. The property lies within a Tax Increment Financing (TIF) zone, creating favorable options to support development initiatives. A planned regional storm water pond will enhance site readiness and infrastructure appeal. With convenient access to State Highway 169 and traffic counts exceeding 25,000 vehicles per day, the site offers exceptional connectivity to local neighborhoods, surrounding business districts, and regional destinations. This parcel provides versatile development potential, positioning it as an attractive choice for retail use or a multi-family concept that leverages the pond's natural setting. Nearby amenities, city park proximity, and strong area demographics with high average household incomes further underpin the long-term value of the location.