
Peterson Outlots
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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. There is a new campground going in right behind this properties boundary line as well. Buyer to verify all intended uses with the city and county.
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Home facts
Facts & features
Interior
- Bedrooms
- 1
- Bathrooms
- 0
- Heating
- None
- Cooling
- None
- Basement
- None · 0 sqft finished
- Living area
- 0 sqft
Property
- Levels / stories
- One and One Half
- Garage
- 1 space · 0
- Parking features
- Attached Garage, On-Street Parking Only
- Exterior features
- Vinyl
- Lot size
- 0.296 acres
- Lot dimensions
- 68x165
Construction
- Property type
- Residential
- Property subtype
- Single Family
- Foundation
- Slab · 1,440 sqft
- Roof
- Metal
- Year built
- 2018
Utilities
- Water
- City Water - In Street
- Sewer
- City Sewer - In Street
- Fuel
- Natural Gas
Community & HOA
- Subdivision
- Peterson Outlots
- HOA
- No HOA
- School district
- 239 - Rushford-Peterson
- High school district
- Rushford-Peterson
Financial & listing details
- Annual tax
- $1,398 (2026)
- Listed
- Dec 24, 2025
- Days on market
- 279
- Manufactured home
- Yes
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
116 Mill Street, Peterson, MN, 55962
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Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

