Nicollet Plaza
Completely Remodeled Retail and Office Investment Property
Marketing description
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 = 8.59%. NDA is required to access confidential documents.
Investment highlights
High visibility along main thoroughfare along Hwy 169 – daily traffic counts over 19,845 VPD
Close Proximity to Mankato with easy access to Twin Cities
New commercial developments in this area
Plenty of Parking
Newly remodeled building with room for an owner-user space
Great investment property with good mix of tenants
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