116 Mill St Peterson, MN 55962
Estimated payment $626/month
About This Lot
40x36 Unfinished Building for Sale | Peterson, MN | Root River Area
Unfinished Structure with Trail & River Proximity – Southeast Minnesota
Located at 116 Mill Street, Peterson, Minnesota, this property features a 40x36 unfinished wood-frame building, constructed in 2018 and currently classified by the city and county as a garage. The structure is situated on a concrete slab foundation and includes a steel roof, white vinyl siding, multiple windows for natural light, a large overhead garage door, and a separate pedestrian entry. The lot provides ample off-street parking.
Property Highlights
Building Size: 40 x 36
Year Built: 2018
Current Classification: Garage
Construction: Wood-frame on concrete slab
Roof: Steel
Siding: Vinyl
Overhead garage door plus pedestrian entry
Multiple windows
Spacious lot with off-street parking
Sold as-is
No utilities currently connected
Use Potential
This property is a blank slate suitable for a variety of potential uses subject to local zoning, permitting, and approvals, including:
Workshop or storage building
Recreational or seasonal structure
Conversion to residential or short-term rental use (buyer to verify)
Investment or holding property
Location & Recreation
The property is located within the Village of Peterson, along the Root River and adjacent to the Root River State Trail, a paved multi-use trail extending approximately 60 miles through southeastern Minnesota’s Driftless Region. The area is known for outdoor recreation including biking, hiking, fishing, kayaking, and tubing.
Lanesboro, Minnesota, is located just minutes away and offers additional dining, lodging, and tourism amenities.
Listing Agent
United Country Real Estate | Midwest Home & Farm Realty License #40853431 Listed on: 01/02/2026
Property Details
Property Type
- Land
Lot Details
- Potential uses include residential single
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 |
|---|---|---|---|---|---|
| 01/02/2026 01/02/26 | For Sale | $100,000 | +488.2% | -- | |
| 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 |
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Ask me questions while you tour the home.