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$389,000
ACTIVE Status 7 Beds 5 Baths 7024459 MLS 3,008 SqFt.
Your next investment property awaits you in St. Peter. This historic building with Victorian charm is a 4-plex that has been well taken care of and many updates have already been taken care of as well. The 4-plex is located one block from the Minnesota Square Park, close to Gustavus College and a short walk to all of the downtown amenities. There may be room behind the building to add garages. You would need to check with the City of St. Peter. The building has all new steel siding, new roof in Nov. 2023, new chimney with a new cement cap in Oct. 21, New stainless steel chimney liner from the top of the chimney to the furnace in May 21. All new appliances within the last 6 years, New water heater in 2019, Coin operated washer and dryer in the basement. New dryer in 2023. All windows are aluminum combination storm windows. The units are all leased and ready for a new owner.

804 S 4th Street, Saint Peter

Listing courtesy of Weichert Realtors, Community Group.

$15,000
ACTIVE Status 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
ACTIVE Status 7 Beds 8 Baths 7000269 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.

$1,999,000
ACTIVE Status 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 $198,337 / CAP RATE 9.92 %

122 S Minnesota Avenue, Saint Peter

Listing courtesy of Apartment Cash Flow, Inc..

$699,900
ACTIVE Status 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 10.13% with a net operating income of $70,890. 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..

$105,000
ACTIVE Status 6802740 MLS
Looking to build your dream home? This .42-acre ravine and walkout lot offers the perfect opportunity. With essential utilities already in place, you can move forward with your plans right away. The lot’s layout provides an excellent setting for a walkout home design, featuring a mix of open space and wooded backdrop for both versatility and privacy. Enjoy peaceful views of the ravine while still being part of the North Mankato neighborhood. The neighborhood features the reserve park, a beautifully landscaped community space. The Reserve includes a gazebo, picnic area, basketball court, and playground— perfect for outdoor enjoyment. Experience peaceful living with the comfort of city amenities just minutes away.

1973 Lexington Lane, North Mankato

Listing courtesy of Century 21 Atwood.

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