Mixed Use Investment Property 8% CAP
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Nicollet Plaza is a prime commercial investment opportunity located in the heart of the downtown St. Peter historic district. Surrounded by well-preserved 19th Century Architecture, this building is right on Highway 169 with supreme visibility and high traffic activity. The completely remodeled 23,325 SF building is nearly at full occupancy. Current tenants include: Paddlefish Brewing Company, Greater MN Trauma Center, Vet Pharmacy, Sherwin Group and Great Wall restaurant. Sale includes an extra 4,960 SF parcel for additional parking that is currently rented to a neighboring business. Property is zoned 3A that allows for a wide range of retail and office uses. St. Peter is a thriving business, historic and artistic city. Investment CAP Rate = 8%. NDA is required to access confidential documents.
About the Property
- Type
- Office
- Building Status
- Established
- Year Built
- 1944
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Current Property Expenses
- 51,978
Listing Info
- ID:
- 2440103
- Listing Views:
- 25
Attached DocumentsAttachment Disclaimer
Nicollet_Plaza_Property_Information_for_Buyers.docx
Business Location
Listing ID: 2440103 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
