For Sale

Listed by Marjorie Weir and Grace Fix from National Realty Guild

Source: Regional MLS of Minnesota #7003876

425 Prospect St, Peterson, MN, 55962

$565,000

12
11
3
6883 sq. ft.
0.11 ac.

SingleFam

30+ days on the market

What's around 425 Prospect St

About this property

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.

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