Katie LaQua

116 Mill Street

Peterson, MN
$ 90,000 Beds 1 Baths 0 Sq 1,440
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 90,000
  • City
  • Peterson
  • Bedrooms
  • 1
  • Full Bathrooms
  • 0
  • County
  • FILLMORE
  • Half Bathrooms
  • 0
  • Area
  • Peterson Outlots
  • Lot Size
  • 0.296 Acres
  • Zip
  • 55962
  • Sqr Footage
  • 1,440
  • Year Built
  • 2018
  • Taxes
  • $ 1398
  • Style
  • Single Family
  • MLS#
  • 7002505
Listed By: Midwest Home and Farm Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Sewer City Sewer - In Street
Heating None
Cooling None
Roof Metal
Garage Spaces 1
Year Built 2018
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Fillmore
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Peterson Outlots
Directions From Hwy 16 turn into Peterson on Mill Street,destination is on the right in about .25 miles
City Peterson
High School District Rushford-Peterson
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1398
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Peterson

Interior Features

Basement None
Basement (Y/N) No
Fireplace Y/N No
Total Bedrooms 1
Foundation Dimensions 36x40
Fuel Natural Gas

Exterior Features

Parking Features Attached Garage,On-Street Parking Only
Water Source City Water - In Street
Lot Size Area 0.296
Building Area Total 1440
Lot Dimensions 68x165
Waterfront Y/N No
Foundation Area 1440
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Woodbury, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/24/2026 Listed $100,000
6/22/2026 10% - $90,000

Property vs Zip Code Average in 55962

Price
AVG $260K
$90K
Taxes
AVG $1,729
$1,398
Year Built
AVG 1975
2018
Visits
AVG 28
64
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

116 Mill Street Peterson, MN is a Single Family Home for sale at $90000 with 1440 sqft and a lot size of 0.296 Acres Acre(s). 116 Mill Street Peterson has 1 bedrooms, 0 baths and was built in 2018. The property's zip code is 55962 which is in Peterson, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Katie LaQua

Katie LaQua

REALTOR®

612-231-8311

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