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425 Prospect St, Peterson, MN, 55962

12beds
11baths
6,883sqft
$565,000
$82price/sqft
$4,392/moest. monthly cost
$175,680/yrincome needed

About This Home

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.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1904

Materials

  • Roof: Age 8 Years or Less,Architectural Shingle,Flat,Pitched,Rubber
  • Construction materials: Concrete,Frame,Stone

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Water Heater,Exhaust Fan,Freezer,Gas Water Heater,Microwave,Other,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Owned
  • Laundry features: Laundry Room,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Drain Tiled,Drainage System,Full,Partially Finished,Storage Space

Bedroom

  • Level: Main

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedroom5

  • Level: Second

Bedroom6

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 11
  • Full bathrooms: 10
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 560
  • Finished area above ground: 5,220

Foyer

  • Level: Main

Heating & Cooling

  • Heating features: Baseboard,Forced Air,Zoned
  • Cooling features: Central Air

Interior Area

  • Total structure area: 6,883
  • Total interior livable area: 6,883 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Other

  • Level: Main

Sitting Room

  • Level: Main

Sun Room

  • Level: Main

Property

Accessibility

  • Accessibility features: Partially Wheelchair,Accessible Approach with Ramp

Details

  • Parcel number: 070105000
  • Zoning description: Residential-Single Family
  • Foundation area: 1663

Features

  • Levels: More Than 2 Stories
  • Patio & porch: Covered,Deck,Front Porch,Rear Porch
  • Fencing: Other,Partial

Lot

  • Lot size: 4,965 sqft
  • Lot size dimensions: 78 x 100

Parking

  • Total spaces: 3
  • Parking features: Gravel,Electric,Electric Vehicle Charging Station(s),Garage,Garage Door Opener,Guest,Insulated Garage,No Int Access to Dwelling
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes