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425 Prospect Street, 
Peterson, MN 55962

$565,000


12

Beds


11

Baths


6,883

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Marjorie Weir

Grace Fix

National Realty Guild

651-330-8001

Last updated:

May 15, 2026, 03:12 PM

MLS#

7003876

Source:

ND FMAAR

About This Home

425 Prospect Street

If your craving real peacefulness, The Wen Inn delivers in the best way. Located in the incredibly silent, safe and welcoming town of Peterson, near Lanesboro and 40 minutes south of Rochester, only 2 hours from the cities! This beautifully restored historic Victorian era Inn offers the kind of calm you can feel the moment you step onto the porch— quiet streets, helpful neighbors, and a true small-town sense of comfort. This character-rich property blends old school timeless charm with major modern updates already completed. Fully furnished, rehabbed and thoughtfully cared for, it offers exceptional flexibility as a spacious private residence, live-work home, or hosted retreat-style getaway. Set at the center of the Root River Trail, the Wen enjoys a peaceful yet vibrant location loved for biking, gatherings, and seasonal community events—including Norwegian Gamel Dag and a summer concert series. Significant capital improvements provide peace of mind, including fully updated electrical, plumbing, zoned heating, 53 Andersen windows in excellent condition, and new roofs completed in 2023, including rubber roof sections and seven skylights. A three-car garage on a private alley adds serious practicality, complete with multiple electric plug-ins and a Level 2 Tesla charger. With over 5000 square feet above ground, additional space is also found in the full-height, drain-tiled basement. The warm, dry, space with thick limestone walls and a poured floor is a perfect speakeasy-style lounge, with additional room for a studio, gym, or living area. Inside the main building you’ll find multiple bedrooms, generous gathering spaces, and a huge covered front porch that truly becomes a favorite “room” of the home. There are several staircases for flexibility of use, and all facilities including laundry on the main level. A full-price offer includes replacement of the remaining back decking, inclusion of all Inn keeping business systems, and the owner available to assist with a smooth transition. The layout lends itself to being a large single family home with up to 4 rental units in the carriage house to cover costs! This is a rare opportunity to own a beautifully updated historic property in one of the most peaceful corners of Southeast Minnesota.

Home Facts

Single Family

11 Baths

12 Bedrooms

Built in 1904

Price Summary

565,000

$82 per Sq. Ft.

MLS #:

7003876

Last Updated:

May 15, 2026, 03:12 PM

Added:

3 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

11

Full Bathrooms:

10

Interior

Living Area:

6,883 Sq. Ft.


Structure

Structure

Building Area:

6,883 Sq. Ft.

Year Built:

1904


Lot

Lot Size (Sq. Ft):

4,791


Finances & Disclosures

Finances

Price:

$565,000

Price per Sq. Ft:

$82 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.