Nicollet Homes with Apartments and Retail Style

Welcome to Nicollet County, Minnesota – a hidden gem that beautifully marries the charm of small-town living with the vibrancy of modern amenities. Nestled in the heart of southern Minnesota, Nicollet County is known for its picturesque landscapes, rich agricultural heritage, and a warm community spirit that welcomes newcomers with open arms.

One of the standout features of Nicollet County is its diverse real estate offerings, particularly homes that seamlessly integrate apartments and retail spaces. Imagine living in a beautifully designed home that not only provides you with comfortable living quarters but also places you right at the center of a bustling retail scene. Whether you’re a young professional seeking convenience, a family looking for a vibrant community, or an investor eyeing potential rental income, Nicollet County’s mixed-use properties cater to a variety of lifestyles.

In addition to its residential charm, Nicollet County boasts a variety of local shops, restaurants, and recreational facilities, ensuring that residents have everything they need right at their doorstep. The county is also home to beautiful parks and scenic trails, perfect for outdoor enthusiasts looking to explore the natural beauty of Minnesota.

Living in Nicollet County means embracing a lifestyle that balances tranquility with accessibility. With its rich history, diverse housing options, and a community that thrives on connection, this county is truly a wonderful place to call home. Whether you’re looking to invest or settle down, Nicollet County invites you to discover all it has to offer. Come and experience the charm of Nicollet – where home is more than just a place; it’s a community.

Newest Nicollet Homes with Apartments and Retail Style

$15,000

7 Beds ⋅ 8 Baths ⋅ 7000277 MLS

Premier Mixed-Use Property | Modern Retail Space + Five Luxury ApartmentsDiscover an exceptional opportunity to own an elegant, modern mixed-use property perfectly suited for high-end wellness, boutique retail, or professional services. The main level features a beautifully designed upscale retail suite currently operating as a luxury skin and spa clinic, showcasing contemporary finishes, refined décor, and a tranquil, sophisticated atmosphere. Large display windows and thoughtfully curated lighting create a welcoming street presence ideal for any premium brand. The upper levels include five well-appointed apartments, each offering stylish modern design, open layouts, and abundant natural light. These residences provide stable rental income as well as conveniencefor on-site owners or staff. This property blends aesthetic appeal with practical functionality—perfect for investors, owner-operators, or entrepreneurs seeking a turnkey space in a desirable location. With its elegant design, updated infrastructure, and strong mixed-use potential, this is a rare offering that delivers both luxury and long-term value.

235 - 237 Belgrade Avenue, North Mankato

Listing courtesy of Keller Williams Premier Realty.

$2,600,000

7 Beds ⋅ 8 Baths ⋅ 7000269 MLS

235 - 237 Belgrade Avenue, North Mankato

Listing courtesy of Keller Williams Premier Realty.

$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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