108 S Minnesota Ave - Storefront Retail/Office FOR SALE


Saint Peter, MN 56082
$1,589,000 USD
507-327-7126
108 S Minnesota Ave, Saint Peter, MN for Sale
$1,589,000 USD
Storefront Retail/Office - FOR SALE
1/52
null | 8.05% Cap Rate

108 S Minnesota Ave
Saint Peter, MN 56082


HIGHLIGHTS

  • • High visibility along main throughfare along Hwy 169 – daily traffic counts over 19,845 VPD
  • • Close Proximity to Mankato with easy access to Twin Cities
  • • New commercial developments in this area
  • • Plenty of Parking
  • • Newly remodeled building with room for an owner-user space
  • • Great investment property with good mix of tenants

OVERVIEW

Nicollet Plaza is a prime commercial investment opportunity located in the heart of the downtown St. Peter historic district. Surrounded by well-preserved 19th Century Architecture, this building is right on Highway 169 with supreme visibility and high traffic activity. The completely remodeled 23,325 SF building is nearly at full occupancy. Current tenants include: Paddlefish Brewing Company, Greater MN Trauma Center, Vet Pharmacy, Sherwin Group and Great Wall restaurant. Sale includes an extra 4,960 SF parcel for additional parking that is currently rented to a neighboring business. Property is zoned 3A that allows for a wide range of retail and office uses. St. Peter is a thriving business, historic and artistic city. Investment CAP Rate = 8%. NDA is required to access confidential documents.

FOR SALE DETAILS

PRICE

$1,589,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Nicollet Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

B 1 Community Bus Dist

APN/PARCEL ID

R-19.412.3710

ASK ABOUT THIS PROPERTY

April FemriteTrue Commercial MNMore Info
507-327-7126

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April FemriteTrue Commercial MNMore Info
507-327-7126

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.