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116 Mill Street, 
Peterson, MN 55962

$100,000


1

Bed


Bath


1,440

Sq Ft


Single Family

Active

Listed by

Jennifer Busch

United Country Real Estate & Midwest Home And Farm Realty

507-923-7657

Last updated:

March 3, 2026, 06:45 AM

MLS#

7002505

Source:

ND FMAAR

About This Home

116 Mill Street

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 Facts

Single Family

1 Bedroom

Built in 2018

Price Summary

100,000

$69 per Sq. Ft.

MLS #:

7002505

Last Updated:

March 3, 2026, 06:45 AM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Interior

Living Area:

1,440 Sq. Ft.


Structure

Structure

Building Area:

1,440 Sq. Ft.

Year Built:

2018


Lot

Lot Size (Sq. Ft):

12,632


Finances & Disclosures

Finances

Price:

$100,000

Price per Sq. Ft:

$69 per Sq. Ft.

Source:ND FMAAR
The information being provided by Fargo-Moorhead Area Association Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Fargo-Moorhead Area Association Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.