Listed at
$90,000

Peterson Outlots

116 Mill Street, Peterson, MN, 55962
1  Bedrooms0.296  Acres
Days on market279
Year built2018
Garage spaces1
TypeResidential
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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

Property typeResidential
Property subtypeSingle Family
Year built2018
LevelsOne and One Half
Living area0 sqft
Above-grade finished0 sqft
Below-grade finished0 sqft
Lot size0.296 acres (68x165)
Days on market279
ListedDec 24, 2025
MLS #NST7002505
CountyFillmore
SubdivisionPeterson Outlots
Parcel #070022000

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

Total bathrooms0
Full baths0
3/4 baths0
Half baths0
1/4 baths0
BasementNone
HeatingNone
CoolingNone
AccessibilityNone

Exterior & lot

ExteriorVinyl
RoofMetal
FoundationSlab
Foundation area1,440 sqft
Road frontageCity Street
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water - In Street
SewerCity Sewer - In Street
FuelNatural Gas

Parking & garage

ParkingAttached Garage, On-Street Parking Only
Garage spaces1
Garage size0 sqft

Financial details

Annual taxes$1,398
Tax year2026
Taxes w/ assessments1398
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District239 - Rushford-Peterson
District number239
District phone5078647785
High schoolRushford-Peterson
SODL flat fee brokerage
$0Estimated buyer credit
SODL platform fee $2,700Your buyer credit $0

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

$619/mo
Principal & interest$473
Property taxes$117
Home insurance (est.)$30
%
$18,000
0%50%
Credit score
Loan term

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

MLS #NST7002505
StatusActive
Last updatedJun 22, 2026, 8:01 PM
Originally listedDec 24, 2025, 8:03 AM
Listing officeMidwest Home and Farm Realty

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.