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1000 N Third Ave - Hallett's Pond Lot 3.46 Acres of Commercial Land Offered at $753,588 in Saint Peter, MN 56082
Investment Highlights
- Retail development land situated in a growing commercial corridor.
- Potential for multi-family projects with appealing pond views and walking path access.
- Close to established retailers, lodging, and dining including Hy-Vee, Dollar General, and McDonald’s.
- Located within a TIF zone, offering potential financial incentives for qualified developers.
- Highway 169 connectivity with over 25,000 vehicles passing daily.
- City park in close proximity, adding recreational appeal to future development.
Executive Summary
The property lies within a Tax Increment Financing (TIF) zone, creating favorable options to support development initiatives. A planned regional storm water pond will enhance site readiness and infrastructure appeal. With convenient access to State Highway 169 and traffic counts exceeding 25,000 vehicles per day, the site offers exceptional connectivity to local neighborhoods, surrounding business districts, and regional destinations.
This parcel provides versatile development potential, positioning it as an attractive choice for retail use or a multi-family concept that leverages the pond's natural setting. Nearby amenities, city park proximity, and strong area demographics with high average household incomes further underpin the long-term value of the location.
Property Facts
1 Lot Available
Lot
| Price | $753,588 | Lot Size | 3.46 AC |
| Price Per AC | $217,800.00 |
| Price | $753,588 |
| Price Per AC | $217,800.00 |
| Lot Size | 3.46 AC |
3.46-acre retail development site in St. Peter near Hwy 169. Offers TIF incentives, pond views, and access to walking paths. Surrounded by major retailers, park nearby, with planned stormwater improvements.
Description
The property consists of approximately 3.46 acres located on Old Minnesota Avenue in St. Peter, MN. It is adjacent to Hallett’s Pond and includes access to a walking path connected to a nearby park. The site is positioned near State Highway 169 with reported traffic counts of more than 25,000 vehicles daily. Regional commercial amenities in the vicinity include restaurants, grocery stores, retail outlets, and hospitality establishments. The parcel is within an area designated for a regional storm water pond and falls within a Tax Increment Financing district.
Property Taxes
| Parcel Number | 19.555.0020 | Improvements Assessment | $0 |
| Land Assessment | $384,400 | Total Assessment | $384,400 |
Property Taxes
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1000 N Third Ave - Hallett's Pond Lot
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