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305 N 1st Street Montevideo, MN $ 250,000
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$ 250,000 Get more info
305 N 1st Street
$ 250,000
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305 N 1st Street

Montevideo, MN, 56265
$ 250,000
Baths0.0 Sq 7,840

Monthly Estimate*

$ 1,746

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Studio

Commercial Property for sale in Montevideo, MN

for $250,000. This 7,840 square foot building was built in 1885 on a lot size of 0.13.

Check out this spacious downtown commercial building with 3920 sq ft of space on each level. Enjoy rental income from the four 2nd floor apartments as you set up your business on the main level. The main level could also be divided into 2 sides. Each with their separate entrances to create more rental income. Updates include a 3 year old roof with added insulation, new thermopane windows, all 4 apartments rewired 15 years ago by Ron Molde, two main electrical boxes brought up to date, the front of the building has white ceramic brick, and the back of the building is new in 2023 per an insurance claim. This is a great investment opportunity.

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Commercial Active

Price

$ 250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,854

Style

Mixed Use

Lot Size

0.13

Year Built

1885

Town/City

Montevideo

County/Region

Chippewa

MLS | Web ID

6514647
Features
General
Sewer City Sewer/Connected
Heating Hot Water
Cooling Window Unit(s)
Utilities Electric Separate Heating Common Hot Water Separate
Roof Age 8 Years or Less Other
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick Veneer
Year Built 1885
Tenant Pays Electricity
Levels Two
Property SubType Mixed Use
Tax Year 2023
Current Use Residential Retail Vacant
Gross Income 48145
Accessibility None
County Chippewa
Insurance Expense 2537
Property Type Commercial Sale
Contingency None
Possible Use Office Professional Service Retail
Directions Located Down Town. The north end of 1st street on the West side of the street.
City Montevideo
Buyer Agent Compensation 2.00
High School District Montevideo
Zoning Description Business/Commercial
Total Units 4
Street Name 1st
Land Lease Y/N N
Tax Annual Amount 2854
Additional Parcels Y/N N
Days on Market 3
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Full Storage Space Unfinished
Basement (Y/N) Y
Street Suffix Street
Fuel Natural Gas
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.13
Building Area Total 7840
Lot Dimensions 49x120
Lot Size Units Acres
Foundation Area 3920
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Internal Only
Street Number 1 305
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* Excluded Features
List By
Kuhlmann Real Estate, Inc.

Broker

bruce@montevideohomes.com

Email

Affordability Calculator

$1,984
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,746
Monthly Property Taxes
$238
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3048759 Elementary School
3048582 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/12/2024$250,000 Listed Price

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305 N 1st Street, Montevideo, MN, 56265 is a Commercial Property for sale at $250,000 with 7,840 sqft and a lot size of 0.13. 305 N 1st Street is a studio with 0.0 baths and was built in 1885. The property's zip code is 56265 which is in Montevideo, MN

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