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29847 County 2 Blvd
Frontenac, MN 55026

Price Upon Request

Specialty For Sale  •  40,000 SF

Property Details

  • Property Type Specialty
  • Total Building Size 40,000 SF
  • Lot Size 80 AC
  • Building Class C
  • Year Built 1946
  • Zoning Commercial Recreational
10 Walk Score

Description

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of Villa Maria ("Property"), a sprawling ±24 AC campus featuring four unique buildings, including the irreplaceable Villa Maria (Marian Hall). Set in the middle of 3,000 acres of private gardens and parkland (Frontenac State Park), and perched above Lake Pepin in Historic Old Frontenac, Minnesota, the Property is truly beyond compare.

Villa Maria has rich history, and nearly endless re-use opportunities. Currently, with its use as an event/wedding venue, the Property can accommodate up to 290 guests. With large windows, expansive grounds, high ceilings, elegant lighting, and a full commercial kitchen, this is the ideal atmosphere for events that will not soon be forgotten.

With its flexible commercial zoning (Commercial Recreational, one of only five such designations in all of Goodhue County), the Property is ripe for re-development, with uses including residential conversion (with the potential to build up to 30 stunning coops, condominiums or apartments), boutique hotel/resort, destination spa/wellness center, religious use, rehabilitation center, and much more. All of these opportunities can be executed at several multiples below replacement cost, and by multiple purchasers.

The Property is being offered for sale (with possible seller financing), lease, and/or joint venture for all or individual parts of the project

Highlights

The Property is the most unique and remarkable development opportunity in Southeastern Minnesota from the Twin Cities to the Iowa border
Remarkable French Country Chateau style estate, situated on high elevation with fabulous views of the Lake Pepin river valley
Available for sale, lease, or joint venture. It could also be sold in parts (event center uses, restaurant, multifamily/hotel use, and more
Villa Maria (±64,600 SF), Ursuline Hall (±3,428 SF), the Pool Complex (±3,388 SF) Maintenance Building (±1,344 SF), and the Garage (±2,156 SF)
The replacement value for all structures exceeds $20M (conservative estimate at under $300 PSF reconstruction value)
The primary building, Villa Maria, was built in 1946, and has been substantially renovated over the past 5 years

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Villa Maria Retreat & Cnfrnc
Ned Rupp 651-492-0563 SVN | Northco Real Estate
Ned Rupp 651-492-0563 SVN | Northco Real Estate