For Sale: Saint Peter MLS# 6535037
Active
$650,000
Commercial: Apartments
Built 1887
0.08 acres
St. Peter schools
MLS# 6535037
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Property Description
THIS DOWNTOWN ICONIC SAINT PETER MINNESOTA PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ACQUIRE A UNIQUE ALL BRICK AND KASOTA LIMESTONE FIVE-UNIT MIXED-USE PROPERTY!! THE BUILDING FEATURES TWO LARGE MAIN FLOOR RETAIL UNITS. ERBERTS & GERBERTS IS ONE OF THESE ANCHOR TENANTS AND HAS A LONG LEASE IN PLACE. THE SECOND FLOOR FEATURES TWO OVERSIZED LOFT STYLE APARTMENTS WITH TALL CEILINGS. THE LOWER LEVEL IS LEASED TO A GOOD STANDING LONG TERM TENANT. THE WHOLE ASSET IS FULLY LEASED AND IN TURN-KEY CONDITION!! AMAZING EXTERIOR CURB APPEAL. MOST UTILITIES ARE PAID BY TENANTS. ROOF IS 1998 AND WINDOWS HAVE BEEN REPLACED.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Property Type:
Commercial
City:
Saint Peter
Garage Spaces:
0
County:
Nicollet
Year Built:
1887
State:
MN
Property Style:
Apartments
Zip Code:
56082
Subdivision Name:
Amended
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
3,600 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
None
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
- Pitched
Lot & Land
Acres:
0.08
Geolocation:
44.324423, -93.957398
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
40 x 91
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
508
District Phone:
507-934-5703
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,874
Annual Maintenance Expense:
$1,500
Annual Gross Expense:
$16,715
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,023
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$9,068
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,068
Income
Annual Gross Income:
$62,340
Rent
Annual Net Income:
$45,625
Units
Total Units:
5
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Residential
- Restaurant
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Apartment Cash Flow, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.