This is a once-in-a-lifetime opportunity to acquire an iconic mixed-use building in downtown Saint Peter. Originally constructed in 1872 as the town’s main hotel hangout, this property has since been converted into main-floor and lower-level commercial spaces, three-story row houses, and second- and third-floor apartments. The total gross building square footage is just over 24,000 square feet. After the devastating 1998 tornado, a group of investors came together to save this historic piece of real estate and replaced the roofs and windows, installed a new elevator, tuck-pointed the exterior brick, and added maintenance-free metal coping around the entire top of the structure. The second and third-floor apartments feature high ceilings and updated kitchens and bathrooms. In the back of the property, there are four row houses, each with a unique layout, some with three stories. Two of these row houses are one-bed/one-bath, and the other two are two-bed/one-bath, plus a den. Positioned at the heart of one of southern Minnesota’s most charming downtowns, this exceptional offering blends character with multiple revenue streams and meaningful leasing upside. Whether expanding an investment portfolio or pursuing a signature mixed-use acquisition, buyers can capitalize on an established income base, benefit from a strategic corner presence, and steward a landmark property that has been a cornerstone of the community for more than 150 years.