a Berkshire Hathaway affiliate

$275,000

425 Prospect Street, Peterson


425 Prospect Street Peterson, MN 55962

For Sale MLS# 5279367

5,220 sq ft Commercial

Data current as of {{getLocalTime('2019-12-16T13:20:33Z')}}

Details

MLS# 5279367

Description for 425 Prospect Street, Peterson, MN, 55962


Are you ready for the opportunity of a lifetime? The 1904 Inn was completelyrestored in the early 1990’s keeping its historic charm yet offering themodern conveniences of space and functional electrical outlets. The originalstructure boasts 5 guest rooms plus the owners quarters. A few years later acarriage house and garage were added to the property adding another 4 guestrooms and a 3 car heated garage. The possibilities are endless! Make it yoursingle family home, continue operations as an income-producing bed & breakfastbusiness, or easily convert the home into apartments. Come experience allthere is to enjoy with scenic views, biking trails, fishing, and many moregreat outdoor activities!

Listing Information


Property Type: Commercial, Apartments and Retail,Business Opportunity,Apartments/Multi Family

Status: Active

Lot Size:

Square Feet: 5,220 sq ft

Year Built: 1904

Foundation: 1,663 sq ft

Garage: Yes

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 10

Current Use: Bed & Breakfast

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Fillmore

Days On Market: 122

HERS Score:

Construction Status: Previously Owned

School Information


District: 239 - Rushford-Peterson

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Appliances: Water Softener - Owned, Microwave, Range, Exhaust Fan/Hood, Refrigerator, Dishwasher, Washer, Dryer

Flooring:

Basement: Unfinished, Drainage System, Day/Lookout Windows, Stone, Full

Accessibility: Wheelchair Ramp

Additional Interior Features: Furnished Units

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Heating Separate,Electric Common,Hot Water Common

Other Utilities:

Cooling: Central

Heating: Baseboard, Forced Air, Natural Gas, Fireplace, Electric

Exterior / Lot Features


Attached Garage

Garage Spaces: 3

Parking Spaces: 4

Parking Description: Garage Door Opener, Heated Garage, Attached Garage

Exterior: Wood

Roof: Asphalt Shingles, Age Over 8 Years

Lot View:

Lot Dimensions: 78x100

Farm Type:

Crop Type:

Zoning: Residential-Single

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Community Features


Community Amenities: Other

Complex Features: Porch

Pets Allowed: No

Association Name:

Driving Directions


Highway 16 or County Road 25 into Peterson, property is located on Prospect between Church Street & Fillmore Street

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type: Owner Occupied

Tax/Property ID: TBD

Tax Amount: $4,176

Tax Year: 2019

HomeStead Description: Homesteaded

Price Changes


$299,900 Original Price
$275,000 Current Price
-$24,900 Total Change
Date Price Change
10/29/2019 12:45 PM $275,000 -$24,900
8/15/2019 10:44 AM $299,900

Sales History

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Schools nearby 425 Prospect Street

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings