116 Mill Street, Peterson, MN 55962
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
116 Mill Street,Peterson, MN 55962
$100,000
- 1 Beds
- - Baths
- 1,440 sq. ft.
- Single family
- Active
Listed by: jennifer busch
Office: united country real estate & midwest home and farm realty
MLS#:7002505
Source:ND_FMAAR
Price summary
- Price:$100,000
- Price per sq. ft.:$69.44
About this home
Prime Development Opportunity in Peterson, Minnesota
Located 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.
No utilities are currently connected, 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.
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Home facts
- Year built:2018
- Listing ID #:7002505
- Added:1 day(s) ago
- Updated:January 22, 2026 at 05:24 PM
Rooms and interior
- Bedrooms:1
- Living area:1,440 sq. ft.
Structure and exterior
- Roof:Metal
- Year built:2018
- Building area:1,440 sq. ft.
- Lot area:0.29 Acres
Utilities
- Water:City Water - In Street
- Sewer:City Sewer - In Street
Finances and disclosures
- Price:$100,000
- Price per sq. ft.:$69.44
- Tax amount:$1,334
