Saint Peter Homes with Apartments and Retail Style

Welcome to Saint Peter, Minnesota—an enchanting city nestled in Nicollet County that perfectly blends small-town charm with vibrant community living. Known for its rich history and picturesque landscapes, Saint Peter offers a unique lifestyle that caters to both families and individuals alike. With its friendly atmosphere and strong sense of community, you’ll find that this city is not just a place to live but a place to call home.

Saint Peter boasts a delightful range of homes, including those that feature apartments and retail-style spaces. Imagine living in a beautifully designed residence that also offers the convenience of nearby shops and local eateries—all within walking distance! These mixed-use properties are perfect for those who appreciate the hustle and bustle of urban life while enjoying the tranquility of a close-knit community.

The city is also home to a variety of parks, recreational facilities, and cultural attractions, making it an ideal spot for outdoor enthusiasts and art lovers alike. Whether you’re strolling along the scenic riverfront or exploring the historic downtown area, there’s always something new to discover in Saint Peter.

With its excellent schools, diverse dining options, and a plethora of community events, Saint Peter is not just a place to live but a place to thrive. If you’re considering a move to this charming city, you’ll find that the homes with apartments and retail-style features offer the perfect blend of comfort and convenience, making everyday life a little more delightful. Come and experience the warmth of Saint Peter—your future home awaits!

Newest Saint Peter Homes with Apartments and Retail Style

$2,250,000

6825253 MLS

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 %

122 S Minnesota Avenue, Saint Peter

Listing courtesy of Apartment Cash Flow, Inc..

$795,000

6821093 MLS

Opportunity knocks with this three-story eight unit mixed-use building for sale. The property is located in the central business district in downtown Saint Peter, Minnesota. Historical occupancy is strong as it stays full all the time. The main floor features two larger retail and/or office spaces and currently has long term leases in place. The second and third floors offer six loft style apartments with tall ceiling heights and some exposed original brick. The exterior is all brick and has received all newer windows and the main floor commercial tenants have newer black awnings. There is a parking lot in the back alley for residential tenants and also an attached garage on the back side of the main floor commercial units. The lower level is used for storage but could be an opportunity for additional income with your ideas. Each commercial tenant pays for their own utilities including extra for trash. The residents upstairs are responsible for paying their own unit electric utilities and the owner pays for the boiler heat, water, sewer and trash. The current in-place cap rate is 8.51% with a net operating income of $67,669. A new owner has room to improve cash flows by raising rents organically over the next 1-2 years in a non rent controlled city on Minnesota. Call to get more financials and information.

216 S Minnesota Avenue, Saint Peter

Listing courtesy of Apartment Cash Flow, Inc..

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