116 Mill St Peterson, MN 55962
Estimated payment $645/month
Highlights
- No HOA
- 1 Car Attached Garage
- 3-minute walk to Gazebo at Peterson City Bandstand And Park
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,334
Year Built
- Built in 2018
Lot Details
- Lot Dimensions are 68x165
Parking
- 1 Car Attached Garage
- On-Street Parking
Home Design
- Metal Roof
Interior Spaces
- 1 Bedroom
- 1,440 Sq Ft Home
- 1.5-Story Property
Utilities
- No Cooling
- No Heating
Community Details
- No Home Owners Association
- Peterson Outlots Subdivision
Listing and Financial Details
- Assessor Parcel Number 070022000
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,334 | $95,200 | $23,700 | $71,500 |
| 2024 | $1,334 | $89,600 | $23,700 | $65,900 |
| 2023 | $616 | $89,600 | $23,700 | $65,900 |
| 2022 | $616 | $75,900 | $23,700 | $52,200 |
| 2021 | $616 | $36,600 | $16,800 | $19,800 |
| 2020 | $598 | $36,600 | $16,800 | $19,800 |
| 2019 | $288 | $16,800 | $16,800 | $0 |
| 2018 | $256 | $16,800 | $16,800 | $0 |
| 2017 | -- | $12,900 | $12,900 | $0 |
| 2016 | $530 | $41,500 | $12,900 | $28,600 |
| 2015 | $568 | $27,500 | $7,729 | $19,771 |
| 2014 | $568 | $48,200 | $12,900 | $35,300 |
| 2013 | $568 | $34,900 | $7,736 | $27,164 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/24/2025 12/24/25 | For Sale | $100,000 | +488.2% | $69 / Sq Ft | |
| 10/15/2014 10/15/14 | Sold | $17,000 | -35.8% | $15 / Sq Ft | View Prior Sale |
| 10/15/2014 10/15/14 | Pending | -- | -- | -- | |
| 04/15/2014 04/15/14 | For Sale | $26,500 | +144.2% | $23 / Sq Ft | |
| 04/10/2014 04/10/14 | Sold | $10,850 | -80.9% | $9 / Sq Ft | View Prior Sale |
| 04/08/2014 04/08/14 | Pending | -- | -- | -- | |
| 10/11/2013 10/11/13 | For Sale | $56,900 | -- | $49 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $500 | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | Servicelink Llc | |
| Deed | $10,900 | -- | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $52,631 | None Available |
Source: NorthstarMLS
MLS Number: 7002505
APN: 07.0022.000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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Ask me questions while you tour the home.