216 S Minnesota Avenue, Saint Peter, MN 56082 (MLS# 6821093)

216 S Minnesota Avenue, Saint Peter, MN 56082

$699,900
Property Type: Commercial Square Footage: 12,800 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $699,900 List Date: 11/23/2025 Last Modified: 8/08/2026

Overview

Description

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 ...

Listing Details MLS# 6821093

General Property Information

Lot Measurement
Acres
Management Company Name
Self Managed
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Waterfront YN
No
Year Built
1890
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
3200
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.15
Lot Dimensions
44 x 155
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air; Window Unit(s) Amenities Shared: None Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Full CMU Style: Apartments and Retail; Apartments/Multi Family; Mixed Use Construction Materials: Brick; Stone Construction Status: Previously Owned Current Use: Commercial; Residential Existing Financing: Conventional Exterior: Brick/Stone Fencing: None Flooring: Wood Foundation: Stone Fuel: Natural Gas Heating: Boiler; Forced Air Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: None On Site Utilities: Electric Separate; Heating Common; Heating Separate; Hot Water Common Owner Pays: Insurance; Repairs; Taxes; Water Parking Characteristics: Parking Lot Pool Description: None Potential Use: Income; Office; Professional; Retail Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street; Sidewalks Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity; Fuel; Trash Collection Topography: Level Wall Description: Drywall; Plaster Water: City Water/Connected Window Features: Aluminum Frames; Double Pane Windows

Contract Information

Contingency
None
ListPrice
699900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
216
Street Direction Prefix
S
Street Name
Minnesota
Street Suffix
Avenue
Postal City
Saint Peter
County
Nicollet
State
MN
Zip Code
56082
Complex/Dev/Subdivision
Amended

Assessments

Tax With Assessments
9690

Building Information

Building Finished SqFt
12800
Building SqFt
12800
Ceiling Height
11-15

More Information

Income and Expenses

Annual Electric Expense
2000
Annual Fuel Expense
13000
Annual Gross Expenses
50339
Annual Gross Income
121230
Annual Insurance Expense
800
Annual Maintenance Expense
2800
Annual Net Income
70890
Annual Trash Expense
4056
Annual Water/Sewer Expense
2838
Total Annual Expenses
50339

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Land, Leases, Rental License

Unit 1

No. of 1 Bedroom Units
4

Unit 2

No. of 2 Bedroom Units
Yes

Unit Details

Total Units
8

Unit Information

No. of Efficiency Units
Yes

Documents

IDX
Listing Office: Apartment Cash Flow, Inc.
Last Updated: August - 08 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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