Listed by NAI North Star
$6,650,000
RoK Lofts
Details
Property Type Retail, Mixed Use
Sub Type Street Retail
Square Footage 32,000
Units 39
NOI $450,000
Occupancy 100%
Year Built 2022
Acreage 0.700
Investment Type Owner/User
Retail | 32,000 SqFt
Marketing description
Mixed-use highway investment, fully actualized.
RoK Lofts is a 2022-built, fully stabilized mixed-use asset prominently positioned along Highway 169 in downtown St. Peter, Minnesota. The
property features a modern unit mix of efficiency, one-bedroom, and two-bedroom apartments above fully leased commercial space, offering a
balanced income stream and strong occupancy fundamentals. Residents and tenants benefit from off-street parking, in-unit laundry, and
excellent visibility and access along Minnesota Avenue (Highway 169), the primary regional corridor connecting Iowa to the Twin Cities.
Supported by Pay-As-You-Go Tax Increment Financing (TIF) and a projected 2026 NOI of approximately $425,000, RoK Lofts delivers an
attractive, long-term investment opportunity in a growing corridor between Mankato and the Twin Cities.
Located along Highway 169 in downtown St. Peter, MN, just 1 hour south of the Twin Cities or 10 minutes north of Mankato. This building is located in a new (2022-2023) mixed-use development with highway retail frontage. Minnesota Avenue (Highway 169) is the metro-connection from Iowa to the Twin Cities. Traffic Counts of 30,000+ daily make these spaces highly desirable in a retail-forward neighborhood.
Investment highlights
- 36 Aparments
- Efficiency (4), 1-Bed (28), 2-Bed (4)
- Commercial Fully Leased
- Off Street Parking
- In-Unit Laundry
- Highway 169 Frontage
- Pay-As-You-Go Tax Increment Financing (TIF)
- 2026 NOI $425,000 +/- (Projected)
- CAM $7.72/SF/YR
- Owner/User Opportunity if desired
- 100% Occupancy
Listing Contacts
Listed by NAI North Star
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$450,000.00
$37,500.00/mo
Valuation Metrics
0
DSCR
6.77%
Cap Rate
6.77%
ROI
Map
Zoning
CBD CommercialCore CommercialCentral Business District
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View all 49 uses
View all 49 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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