Recently Viewed Properties
See This Home
Save This Listing
Close

$600,000

  • Sold
  • Closed
  • Commercial
  • 9,456 Sq. Ft.
  • 0.084 Acres
  • Updated 11 days ago
See This Home
Save This Home
See This Home
Save This Home
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. In-Place Cap Rate Of 7.5% With Net Operating Income Of $52,081 - Call For More Financials.

Full Property Details for 224 S Minnesota Ave

General

  • Sold For: $600,000
  • Taxes: $10,376 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6819062
  • Added to Site: 61 day(s) ago

Parking

  • Parking Features: None

School Information

  • School District: 1871 - St. Peter
  • High School District: St. Peter

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Financial Considerations

  • Operating Expenses: $18,023
  • Tax Amount: $10,376
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Insurance, Repairs, Taxes
  • Tenant Pays: Electricity, Gas, Trash Collection, Water
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Tenant Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: BLOCK 177 1/2 LOT E 91' OF S 40' & SLY 6" OF N 26' OF ELY 70' OF LOT 4 SUBDIVISIONCD 19412 SUBDIVISIONNAME AMENDED PLAT
  • Inclusions: Building, Land, Leases, Rental License
  • Property ID: 194123810

Listed and Sold by Apartment Cash Flow, Inc.

Listing agent

— 224 S Minnesota Ave —

  • Apartment Cash Flow, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 224 S Minnesota Ave

School District:St. Peter Public School District
NameGradesDistance
North Elementary School
815 North 9th Street, Saint Peter, MN 56082
2-40.9 mi
South Elementary School
1405 South 7th Street, Saint Peter, MN 56082
K-10.9 mi
St. Peter Senior High School
2121 West Broadway Avenue, Saint Peter, MN 56082
9-121.2 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 224 S Minnesota Ave

Date
Details
Price
Change
Source
1/05/2026
Sold
$600,000
-13.67%
MLS
11/17/2025
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Apartment Cash Flow, Inc.

Just Listed near 224 S Minnesota Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

117 E Pleasant St, Mankato, MN 56001 - Photo 1 Just Listed
$275,000

117 E Pleasant St  Mankato, MN 56001

  • Single Family
  • Active
  • Updated 18 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,300
    Sq. Ft.
Listed by Travis Senenfelder (651) 216-9466
141 Chase Ave, Nicollet, MN 56074 - Photo 1 Just Listed
$389,000

141 Chase Ave  Nicollet, MN 56074

  • Single Family
  • Active
  • Updated 17 hours ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,489
    Sq. Ft.
Listed by Century 21 Atwood
610 E Rolling Hills Dr, Le Center, MN 56057 - Photo 1 Just Listed
$619,900

610 E Rolling Hills Dr  Le Center, MN 56057

  • Single Family
  • Active
  • Updated 11 hours ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,655
    Sq. Ft.
Listed by Century 21 Atwood
205 Lakeview Dr, Eagle Lake, MN 56024 - Photo 1 Just Listed
$260,000

205 Lakeview Dr  Eagle Lake, MN 56024

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,402
    Sq. Ft.
Listed by Action Realty of Mankato

Price Reduced near 224 S Minnesota Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

701 Nicollet Ave, North Mankato, MN 56003 - Photo 1 Price Reduced
-$5,000 (-2.17%)
$224,900

701 Nicollet Ave  North Mankato, MN 56003

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,283
    Sq. Ft.
Listed by Action Realty of Mankato
626 Marie Ln, North Mankato, MN 56003 - Photo 1 Price Reduced
-$59,000 (-4.69%)
$1,199,000

626 Marie Ln  North Mankato, MN 56003

  • Single Family
  • Active
  • Updated 2 days ago
  • 5
    Beds
  • 5
    Total Baths
  • 4,823
    Sq. Ft.
Listed by Century 21 Atwood
532 Range St, North Mankato, MN 56003 - Photo 1 Price Reduced
-$15,000 (-5.36%)
$264,900

532 Range St  North Mankato, MN 56003

  • Single Family
  • Active
  • Updated 1 day ago
  • 5
    Beds
  • 3
    Total Baths
  • 2,066
    Sq. Ft.
Listed by RE/MAX Results
1130 & 1208 S Victory Dr, Mankato, MN 56001 - Photo 1 Price Reduced
-$49,900 (-6.24%)
$750,000

1130 & 1208 S Victory Dr  Mankato, MN 56001

  • Commercial
  • Active
  • Updated 4 days ago
  • 20,634
    Sq. Ft.
  • 1.04
    Acres
Listed by Century 21 Atwood

Recent Sales near 224 S Minnesota Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

32673 Rosewood Ln, Saint Peter, MN 56082 - Photo 1 Sold
$585,000

32673 Rosewood Ln  Saint Peter, MN 56082

  • Single Family
  • Closed
  • 5
    Beds
  • 2
    Total Baths
  • 2,060
    Sq. Ft.
Listed and Sold by Weichert, REALTORS- Heartland
47190 391st Ln, Saint Peter, MN 56082 - Photo 1 Sold
$620,000

47190 391st Ln  Saint Peter, MN 56082

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,964
    Sq. Ft.
Listed by Century 21 Atwood
Sold by Keller Williams Preferred Rlty
38124 Honeysuckle Ln, North Mankato, MN 56003 - Photo 1 Sold
$570,000

38124 Honeysuckle Ln  North Mankato, MN 56003

  • Single Family
  • Closed
  • Updated 1 day ago
  • 5
    Beds
  • 4
    Total Baths
  • 3,606
    Sq. Ft.
Listed by RE/MAX Advantage Plus
Sold by Massad Real Estate
28145 390th St, Le Sueur, MN 56058 - Photo 1 Sold
$550,000

28145 390th St  Le Sueur, MN 56058

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,173
    Sq. Ft.
Listed by Weichert, REALTORS- Heartland
Sold by Bridge Realty, LLC

224 S Minnesota Avenue, Saint Peter, MN 56082 (MLS# 6819062) is a Commercial property that was sold at $600,000 on January 05, 2026. Want to learn more about 224 S Minnesota Avenue? Do you have questions about finding other Commercial real estate for sale in Saint Peter? You can browse all Saint Peter real estate or contact a Coldwell Banker agent to request more information.