Saint Peter Homes with Mixed Use Style

Welcome to Saint Peter, Minnesota—where small-town charm meets vibrant community life! Nestled in Nicollet County, this picturesque city is not only rich in history but also brimming with modern amenities and a welcoming atmosphere. With a population of around 11,000 residents, Saint Peter offers a unique blend of tranquility and activity, making it a perfect place to call home.

Saint Peter is renowned for its stunning landscapes, including the scenic Minnesota River and the surrounding parks that provide ample opportunities for outdoor recreation. The city's historic downtown area is a delightful mix of quaint shops, local eateries, and cultural attractions, including the renowned Nicollet County Historical Society and the beautiful Saint Peter Cathedral. Community events and festivals throughout the year foster a strong sense of belonging, ensuring that residents always have something to look forward to.

For those seeking to invest in property, Saint Peter offers an exciting opportunity with its mixed-use homes. These unique properties combine residential and commercial spaces, allowing you to live, work, and thrive all in one location. Imagine waking up in your cozy apartment above a bustling café or boutique, enjoying the convenience of having everything you need just steps away. This innovative style of living not only promotes a vibrant community atmosphere but also supports local businesses and encourages a sustainable lifestyle.

Whether you're looking to settle down or invest in a thriving community, Saint Peter, MN, with its charming mixed-use homes, is the perfect place to explore your options. Come discover the heart of Nicollet County, where your dream home awaits!

Newest Saint Peter Homes with Mixed Use Style

$1,999,000

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..

$699,900

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 9.8% with a net operating income of $68,760. A new owner has room to improve cash flow 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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