Nicollet Plaza
$1,589,000
108 South Minnesota Avenue, Saint Peter, MN 56082
127,905
NOI
23,325 sqft
Building Size
Details:
Highlights:
- High visibility along main thoroughfare along Hwy 169 – daily traffic counts over 19,845 VPD
- Close Proximity to Mankato with easy access to Twin Cities
- New commercial developments in this area
- Plenty of Parking
- Newly remodeled building with room for an owner-user space
- Great investment property with good mix of tenants
Description:
Property Description - mixed use investment property
Nicollet Plaza 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 with current tenants including 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 with a mix of college students, young professionals and families that strongly support their community. Investment CAP Rate = 8%
Documents:
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| Offering Memorandum |
Location
Gallery
