122 S Minnesota Avenue,Saint Peter, MN 56082
Saint Peter, MN 56082
Description
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 SPACES, 3-STORY ROW HOUSES, AND SECOND & THIRD FLOOR APARTMENTS. THE TOTAL GROSS BUILDING SQUARE FOOTAGE IS JUST OVER 24,000+. AFTER THE DEVASTATING 1998 TORNADO, A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. 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 2BD + DEN, 1BA. YOU WILL DEFINITELY WANT TO TOUR THIS BUILDING!! PRO-FORMA NOI $193,415 / CAP RATE 8.60 %
Details
| MLS # | 6825253 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1872 |
| Days On Site | 257 |
| Listing Provided By | Apartment Cash Flow, Inc. | Nathan P. Opatz |
Features
| SQ Feet | 21,600 |
|---|---|
| Basement | Y |
| Units | 25 |
| Zoning | Business/Commercial,Residential- |
| Acreage | 0.24 |
Interior
| Cooling | Central Air, Window Unit(s) |
|---|---|
| Heating | Forced Air |
| Appliances | Range, Refrigerator |
Exterior
| Roof | Age Over 8 Years, Asphalt, Flat, Pitched, Rubber |
|---|---|
| Construction Materials | Brick |
| Lot Features | Corner Lot |
Parking
| Parking Features | Off Site, Parking Lot |
|---|
Utilities
| Utilities | Electric Separate, Heating Separate, Hot Water Separate |
|---|
Taxes
| Property | 25434 |
|---|
Area Information
| State | MN |
|---|---|
| County | Nicollet |
| City | Saint Peter |
| Zip Code | 56082 |
| Community Name | Amended |
| School District | 508 |
| High School | St. Peter |
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Learn More About This Property
| State | MN |
|---|---|
| County | Nicollet |
| City | Saint Peter |
| Zip Code | 56082 |
| Community Name | Amended |
| School District | 508 |
| High School | St. Peter |