8% CAP Mixed Use Investment Property in Minnesota
Property is a prime commercial investment opportunity located in the heart of the downtown St. Peter historic district. Surrounded by well-preserved 19th Century Architecture, this building is right on Highway 169 with supreme visibility and high traffic activity. The completely remodeled 23,325 SF building is nearly at full occupancy. Current tenants include: Paddlefish Brewing Company, Greater MN Trauma Center, Vet Pharmacy, Sherwin Group and Great Wall restaurant. Sale includes an extra 4,960 SF parcel for additional parking that is currently rented to a neighboring business. Property is zoned 3A that allows for a wide range of retail and office uses. St. Peter is a thriving business, historic and artistic city. Investment CAP Rate = 8%. NDA is required to access confidential documents.
Financials (USD)
Net Operating Income (Annual) $127,905
Asking Price $1,589,000
Cap Rate 8%
Additional Details
Street Address 108 South Minnesota Avenue
Deal Terms
Who is Listing the Property? Real Estate Broker
Broker Co-Op? Yes
Seller Financing Available? No
Seller Willing To Lease? Yes
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