116 Mill Street, Peterson, MN 55962

$90,000
BEDS 1
BATHS 0
SQUARE FEET 1,440
MLS# 7002505
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Rob Arguello

Rob Arguello
Call: (507) 990-8989

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. There is a new campground going in right behind this properties boundary line as well. Buyer to verify all intended uses with the city and county.

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 $90,000. This property was built in 2018 and has 1 bedrooms with 1440 sq. ft. Mill Street is located in the Peterson Outlots subdivision within the Rushford-Peterson school district. Search Peterson Outlots real estate on rarguello.counselorrealtyofrochester.com today.

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: $1,398
Year Built: 2018

Feature Descriptions

Days on Site: 160
Down Payment Resource: Yes
Foundation Size: 1440
Lot Dimensions: 68x165
Parcel#: 070022000
Parking: Attached Garage, On-Street Parking Only
Sewer: City Sewer - In Street
SQ FT Total: 1440
Water: City Water - In Street

Local Schools

School District: Rushford-Peterson

Listed By / Shown By

Listed By

Agency Name: Midwest Home and Farm Realty
Agency Phone: 507-923-7657

Shown By

Agent Name: Rob Arguello
Agent Phone: (507) 990-8989
Agency Title: Counselor Realty

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Estimated Payment

$ 621.77 per month $479.02 Principal & Interest $116.50 Property Tax $26.25 Homeowner's Insurance

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