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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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116 Mill Street, Peterson, MN 55962
$100,000
BEDS 1
BATHS 0
MLS# 7002505
STATUS: Active
PROPERTY TYPE: Residential - Single Family
SUBDIVISION: Peterson Outlots
SCHOOL: Rushford-Peterson
Property Description
Prime Development Opportunity in Peterson, MinnesotaLocated at 116 Mill Street, Peterson, MN, this 40x36 unfinished wood-frame building, constructed in 2018, is currently classified by the city and county as a garage and is being sold as-is. The structure sits on a concrete slab foundation and features a steel roof, white vinyl siding, multiple windows providing natural light, an overhead garage door, and a separate pedestrian entry. The property offers ample off-street parking on a spacious lot.Water Line, electric and sewer lines piped into building, providing a blank slate for future use. Subject to local zoning and permitting, the building offers potential for completion as a custom residence, workshop, storage facility, or other permitted use.The property is located in the Village of Peterson, a scenic community along the Root River and directly adjacent to the Root River State Trail, a paved multi-use trail spanning approximately 60 miles. The area is known for outdoor recreation including biking, hiking, fishing, kayaking, and tubing, and is situated in Minnesota's Driftless Region with limestone bluffs and rolling terrain. Lanesboro, MN, is just minutes away and offers additional dining, lodging, and tourist amenities.With its size, existing structure, and desirable location near trail and river access, this property presents a unique opportunity for buyers seeking a flexible development or investment option in Southeast Minnesota. Buyer to verify all intended uses with the city and county.
Property Features
Property Type: Residential - Single Family Basement: None Cooling: None Fuel Type: Natural Gas Garage: 1 car attached Heating: None Lot Size: 0.30 Acres Roof Type: Metal Stories: 1.5 Taxes: $1,334 Year Built: 2018
Feature Descriptions
Days on Site: 25
Down Payment Resource: Yes
Foundation Size: 1440
Lot Dimensions: 68x165
Parcel#: 070022000
Parking: Attached Garage, On-Street Parking Only
Sewer: City Sewer - In Street
Water: City Water - In Street
Local Schools
School District: Rushford-Peterson
Listed By / Shown By
Agency Name: Midwest Home and Farm Realty
Agency Phone: 507-923-7657
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Estimated Payment
$ 672.58 per month
$532.24 Principal & Interest
$111.17 Property Tax
$29.17 Homeowner's Insurance
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116 Mill Street | MLS# 7002505
This single family home located at 116 Mill Street, Peterson, MN 55962 is currently listed for sale with an asking price of $100,000. This property was built in 2018 and has 1 bedrooms. Mill Street is located in the Peterson Outlots subdivision within the Rushford-Peterson school district. Search Peterson Outlots real estate on nanderson.counselorrealty.com today.