White vinyl sidingOverhead garage doorSteel roofSeparate pedestrian entryUnfinished wood-frame building
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. There is a new campground going in right behind this properties boundary line as well. Buyer to verify all intended uses with the city and county.
152 days
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323
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Zillow last checked:
Listing updated:
Listed by:
Jen Busch507-923-7657,
Midwest Home and Farm Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7002505
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Bathrooms: 0
Heating
None
Cooling
None
Features
Basement: None
Has fireplace: No
Interior area
Total structure area: 1,440
Total interior livable area: 1,440 sqft
Finished area above ground: 0
Finished area below ground: 0
Property
Parking
Total spaces: 1
Parking features: Attached, On Street
Attached garage spaces: 1
Has uncovered spaces: Yes
Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
Accessibility features: None
Features
Levels: One and One Half
Stories: 1.5
Lot
Size: 0.3 Acres
Dimensions: 68 x 165
Details
Foundation area: 1440
Parcel number: 070022000
Zoning description: Residential-Single Family
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family
Materials
Roof: Metal
Condition
New construction: No
Year built: 2018
Utilities & green energy
Gas: Natural Gas
Sewer: City Sewer - In Street
Water: City Water - In Street
Community & HOA
Community
Subdivision: Peterson Outlots
HOA
Has HOA: No
Location
Region: Peterson
Financial & listing details
Price per square foot: $63/sqft
Tax assessed value: $95,200
Annual tax amount: $1,398
Date on market: 3/24/2026
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,189/mo
Price history
Date
Event
Price
6/22/2026
Price change
$90,000-10%$63/sqft
Source: NorthstarMLS as distributed by MLS GRID #7002505Report a problem