For Sale: Peterson MLS# 7002505
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Property Description
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.
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. Buyer to verify all intended uses with the city and county.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$100,000
Property Type:
Single Family
City:
Peterson
Garage Spaces:
1
County:
Fillmore
Year Built:
2018
State:
MN
Property Style:
1.5 Stories
Zip Code:
55962
Subdivision Name:
Peterson Outlots
Interior
Bedrooms:
1
Bathrooms:
0
Total Fireplaces:
0
Common Wall:
No
Basement Details:
None
Exterior
Stories:
One and One Half
Garage Spaces:
1
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Air Conditioning:
None
Foundation Size:
1,440 ft2
Foundation Dimensions:
36x40
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
None
Parking Features:
- Attached Garage
- On-Street Parking Only
Road Frontage:
City Street
Roof Details:
Metal
Rooms
1/4 Baths:
None
Full Baths:
None
Half Baths:
None
3/4 Baths:
None
Lot & Land
Acres:
0.296
Geolocation:
43.786551, -91.830298
Lot Dimensions:
68 x 165
Zoning:
Residential-Single Family
Schools
School District:
1133
District Phone:
5078647785
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,334
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,334
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Midwest Home and Farm Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.