Prime Opportunity fix it up home in Scenic Peterson, Minnesota

116 Mill St, Peterson, MN – A versatile 40×36 unfinished building built in 2018, currently classified by the city and county as a garage. This sturdy wood-frame structure sits on a concrete slab foundation with a durable steel roof, white vinyl siding, multiple windows for abundant natural light, an overhead garage door, pedestrian entry, and ample off-street parking on a spacious lot.
Sold as-is with no utilities currently connected, this property is a true blank slate-perfect for completing as a custom home, workshop, storage facility, or transforming into an income-producing asset.
Located in the heart of Peterson, MN a quaint community along the beautiful Root River and directly on the Root River State Trail-a 60-mile paved paradise for biking, hiking, and year-round recreation in Minnesota’s stunning Driftless Region. Just minutes from Lanesboro, the renowned “Bed & Breakfast Capital of Minnesota,” this area draws thousands of tourists annually for kayaking, tubing, fishing, fall foliage tours, and small-town charm amid dramatic limestone bluffs and rolling valleys.
With its generous size, existing windows, and prime location near trail access and the river, this building holds exceptional potential for conversion into a charming bed and breakfast, VRBO/Airbnb rental, guest cottage, or adventure retreat-tapping into the thriving tourism market of Bluff Country.
Don’t miss this rare chance to own and customize a modern shell in one of Southeast Minnesota’s most picturesque and visitor-friendly destinations. Bring your vision and create something extraordinary!

Prime Location in Peterson

Nestled in the charming town of Peterson, Minnesota, this unique property offers 0.29 acres of opportunity just steps from the scenic Root River and the popular Root River State Trail. This peaceful community is known for its stunning natural beauty, with limestone bluffs and rolling valleys that provide a picturesque backdrop for outdoor enthusiasts and visitors alike. The proximity to Lanesboro, the “Bed & Breakfast Capital of Minnesota,” places this property in the heart of a vibrant tourism area renowned for kayaking, fishing, hiking, and year-round recreation.

Versatile Building with Potential

At the center of this property stands a substantial 40×36 wood-frame building constructed in 2018. Currently classified as a garage, it rests on a solid concrete slab foundation and features a durable steel roof and white vinyl siding. Multiple windows flood the interior with natural light, while an overhead garage door and pedestrian entry provide convenient access. The spacious lot offers ample off-street parking, enhancing its appeal for multiple uses.

Endless Customization Possibilities

This unfinished structure is sold as-is without utilities connected, presenting a rare blank canvas for your vision. Whether you dream of completing it as a custom home, a creative workshop, additional storage, or an income-generating property, the possibilities are vast. Imagine transforming this space into a cozy guest cottage, a charming bed and breakfast, or a sought-after VRBO/Airbnb rental that taps into the thriving Bluff Country tourism market.

Small Town Charm Meets Outdoor Adventure

Living here means enjoying easy access to the Root River State Trail’s 60-mile paved path, perfect for biking and hiking, plus river activities like kayaking and tubing. The surrounding area’s natural beauty and small-town charm offer a peaceful lifestyle with abundant recreational options just outside your door. This property invites you to create something extraordinary in one of Southeast Minnesota’s most picturesque and visitor-friendly destinations.