Old Minnesota Ave & Ritt Street - St Peter Highway Commercial Development Site
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Old Minnesota Ave & Ritt Street - St Peter Highway Commercial Development Site
2.73 Acres of Commercial Land Offered at $309,189 in Saint Peter, MN 56082
Investment Highlights
- Next to New Hotel: Best Western
- Gateway Opportunity
- Excellent visibility from Hwy 169
Executive Summary
This land is located on the North lot next to the new Best Western hotel. Ideal for restaurant or sports bar, as the newly developed hotel does not offer food service/on-site dining. Excellent visibility from metro-connection Highway 169. St. Peter is home to Gustavus Adolphus College and its charming downtown is a hub of retail and shopping experiences for southern Minnesota! The Capitol Room, a premier southern Minnesota wedding venue, also brings frequent visitors to the area.
Property Facts
Price | $309,189 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | |
No. Lots | 1 | Total Lot Size | 2.73 AC |
Property Type | Land | Cross Streets | Ritt Street |
Price | $309,189 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 2.73 AC |
Cross Streets | Ritt Street |
1 Lot Available
Lot
Price | $309,189 | Lot Size | 2.73 AC |
Price Per AC | $113,256 |
Price | $309,189 |
Price Per AC | $113,256 |
Lot Size | 2.73 AC |
This prime land sits in the rapidly expanding north end of St. Peter with convenient access to and visibility from Hwy 169 (18,400 VPD). Sellers are motivated and the City of St. Peter is willing to cooperate with new owners to develop this site.
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PROPERTY TAXES
Parcel Number | 19.667.0020 | Improvements Assessment | $0 |
Land Assessment | $244,200 | Total Assessment | $244,200 |
PROPERTY TAXES
Parcel Number
19.667.0020
Land Assessment
$244,200
Improvements Assessment
$0
Total Assessment
$244,200
zoning
Zoning Code | C-4 (Highway Commercial - Gateway Opportunity.) |
C-4 (Highway Commercial - Gateway Opportunity.) |
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Old Minnesota Ave & Ritt Street - St Peter Highway Commercial Development Site
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