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$685,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 5,880 Sq. Ft.
  • 0.114 Acres
  • Updated 22 hours ago
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For Twin Cities buyers seeking a quieter setting and a possible second career, The Wen Inn offers a practical balance of lifestyle and income. This well-preserved Victorian inn provides the character of an old, established property with the benefit of major infrastructure updates already completed. A carriage house built in the late 1990s adds modern utility, whirlpool suites, and storage-features rarely found with historic properties. Located in the Driftless Area near Winona and Lanesboro, the Inn offers a peaceful, relaxing environment less than two hours from the Twin Cities. This business is straightforward to manage, with consistent seasonal demand driven by bike trail traffic, scenic getaways, wedding parties and group stays. Summers are active and revenue-producing, while winters offer a slower pace and flexibility for retreats, girls' getaways, or locking up and heading south for part of the season. The seller will train buyer on all Inn systems to ensure a smooth transition.

Full Property Details for 425 Prospect

General

  • Price: $685,000
  • Taxes: $2,864 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7011415
  • Updated: 1/29/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Flooring: Carpet, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 11

Bedrooms

  • Total Bedrooms: 12

Exterior

  • Porch/Patio/Deck: Deck, Front Porch

Parking

  • Garage: Yes
  • Garage Description: 20 x 33
  • Garage Spaces: 3
  • Parking Features: Gravel, Electric, Electric Vehicle Charging Station(s), Garage Door Opener, Guest Parking, Heated Garage, Insulated Garage, No Int Access to Dwelling, Storage

Location

  • County: Fillmore
  • Township: Peterson
  • Subdivision: Peterson Original
  • Driving Directions: Hwy 25 south from I-90 becomes Church street, turn right on Prospect, 2nd bldg on right

School Information

  • School District: 1133 - Rushford-Peterson
  • High School District: Rushford-Peterson

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Wall Unit(s)
  • Heating Type: Baseboard, Forced Air, Radiant, Zoned
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Heating Separate

Structural Information

  • Exterior Const.: Concrete, Frame, Stone
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Drain Tiles, Finished, Full, Partially Finished, Storage Space
  • Foundation Size: 1663
  • Roof: Age 8 Years or Less, Asphalt, Pitched, Rubber
  • Ceiling Height: 8-10
  • Disability Access: Partially Wheelchair, Wheelchair Ramp(s), Roll Under Accessibility
  • Square Feet: 5,880
  • Finished Down/Base.: 5,880 Sq. Ft.
  • Current Bldg. Use: Hotel/Motel
  • Year Built: 1904

Unit Information

  • Units w/Refrigerators: 3

Lot Features

  • Lot Size (Acres): 0.114
  • Lot Dimensions: 100 x 78
  • Frontage: City Street
  • Potential Use: Other, Restaurant, Retail, Motel/Hotel
  • Zoning: Business/Commercial, Residential-Multi-Family, Other, Residential-Single Family
  • Fencing (Description): Other, Partial

Financial Considerations

  • Tax Amount: $2,864
  • Tax Year: 2025
  • Terms: Contract for Deed, Conventional, Cash, Other

Disclosures and Reports

  • Legal Description: PETERSON ORIGINAL PLAT LOT-1-2 BLOCK-005 E 28' OF LOT 1 & ALL LOT 2 BLK 5
  • Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory

Listed by National Realty Guild

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Listing agents

— 425 Prospect —

  • National Realty Guild

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 425 Prospect

School District:Rushford-Peterson Public Schools
NameGradesDistance
Rushford-Peterson Elementary School
1000 Pine Meadows Lane, Rushford, MN 55971
PK-55 mi
Rushford-Peterson Middle School
1000 Pine Meadows Lane, Rushford, MN 55971
6-85 mi
Rushford-Peterson Senior High School
1000 Pine Meadows Lane, Rushford, MN 55971
9-125 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 425 Prospect Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/29/2026
Listed
$685,000
174%
MLS
11/06/2020
Sold
$250,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 425 Prospect

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,864
-25%
$235,100
19%
2024
$3,838
17%
$198,200
—
2020
$3,294
—
$198,200
-12%
2020
$3,294
-20%
$226,500
-9%
2020
$4,102
-2%
$247,600
—
2019
$4,176
-8%
$247,600
—
2013
$4,526
—
$247,600
27%
2013
$4,526
—
$194,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by National Realty Guild

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425 Prospect, Peterson, MN 55962 (MLS# 7011415) is a Commercial property. 425 Prospect is currently listed for $685,000 and was received on January 29, 2026. Want to learn more about 425 Prospect? Do you have questions about finding other Commercial real estate for sale in Peterson? You can browse all Peterson real estate or contact a Coldwell Banker agent to request more information.

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