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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Mn
MLS Listing ID 7038973
Style Concrete Block
Year Built 1944
Annual Tax Amount $30,404
Tax Year 2025
Property Sub-Type Commercial
Property Description
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. 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 = 8.59%. NDA is required to access confidential documents.
Location
State MN
County Nicollet County
Area St. Peter/Kasota/Cleveland
Direction S
Interior
Heating Forced Air
Cooling Central
Exterior
Exterior Feature Brick
Parking Features Driveway - Asphalt
Garage Description Driveway - Asphalt
Amenities Available Elevator, Restrooms
Roof Type Flat
Present Use Business Service,Professional Service,Restaurant,Retail (L)
Building
Foundation 8512
Sewer City
Water City
Structure Type Concrete Block
Schools
School District St. Peter #508
Others
Energy Description Electric
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Listed by True Commercial, LLC
NEARBY SCHOOL & BUSINESS
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