Description
Prime Development Opportunity in Peterson, MinnesotaLocated at 116 Mill Street, Peterson, MN, this 40x36 unfinished wood-frame building, constructed in 2018, is currently classified by the city and county as a garage and is being sold as-is. The structure sits on a concrete slab foundation and features a steel roof, white vinyl siding, multiple windows providing natural light, an overhead garage door, and a separate pedestrian entry. The property offers ample off-street parking on a spacious lot.Water Line, electric and sewer lines piped into building, providing a blank slate for future use. Subject to local zoning and permitting, the building offers potential for completion as a custom residence, workshop, storage facility, or other permitted use.The property is located in the Village of Peterson, a scenic community along the Root River and directly adjacent to the Root River State Trail, a paved multi-use trail spanning approximately 60 miles. The area is known for outdoor recreation including biking, hiking, fishing, kayaking, and tubing, and is situated in Minnesota’s Driftless Region with limestone bluffs and rolling terrain. Lanesboro, MN, is just minutes away and offers additional dining, lodging, and tourist amenities.With its size, existing structure, and desirable location near trail and river access, this property presents a unique opportunity for buyers seeking a flexible development or investment option in Southeast Minnesota. There is a new campground going in right behind this properties boundary line as well. Buyer to verify all intended uses with the city and county.
Details
| MLS # | 7002505 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2018 |
| Days On Site | 244 |
| Listing Provided By | Midwest Home and Farm Realty | Jen Busch |
Features
| Bed(s) | 1 |
|---|---|
| SQ Feet | 1,440 |
| Garage | 1 |
| Story(s) | 1 |
| Zoning | Residential-Single Family |
| Acreage | 0.30 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
Exterior
| Roof | Metal |
|---|
Parking
| Parking Features | Attached Garage, On-Street Parking Only |
|---|
Taxes
| Property | 1398 |
|---|
Area Information
| State | MN |
|---|---|
| County | Fillmore |
| City | Peterson |
| Zip Code | 55962 |
| Community Name | Peterson Outlots |
| School District | 239 |
| High School | Rushford-Peterson |
| Listing VS Median (in Peterson Outlots) | |
Price: $90,000 low | high Med: $134,000 sqft: 1,440 low | high Med: 1,866 $ / sqft: $63 low | high Med: $70 On site: 244 low | high Med: 131 | |
Market Activity 55962
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Fillmore |
| City | Peterson |
| Zip Code | 55962 |
| Community Name | Peterson Outlots |
| School District | 239 |
| High School | Rushford-Peterson |
| Listing VS Median (in Peterson Outlots) | |
Price: $90,000 low | high Med: $134,000 sqft: 1,440 low | high Med: 1,866 $ / sqft: $63 low | high Med: $70 On site: 244 low | high Med: 131 | |