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305 N 1st Street

Montevideo, MN 56265
  • $200,000
  • STATUS: Active
  • ON SITE: 303 Days
  • ID#: 6514647
UPDATED: 31 min ago
$200,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,840
    SQFT
  • $26
    $/SQFT
Type:
Commercial
Built:
1885
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Kuhlmann Real Estate, Inc..

Description

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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IDX data © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Keller Williams Preferred Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2025-02-15T10:22:34.38.

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305 N 1st Street Montevideo, MN 56265

  • Price: $200,000
  • Status: Active
  • On Site: 303 Days
  • Updated: 31 min ago
  • ID#: 6514647
0
Beds
0
Baths
0
½ Baths
0.13
Acres
7,840
SQFT
$26
$/SQFT
1885
Built
County:
Chippewa
School District:
129 - Montevideo
Property Description
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.
Exterior Features

Construction Materials Brick Veneer Foundation Area 3920 Levels Two Lot Size Dimensions 49x120 Parking Features On-Street Parking Only Parking Open 4 Roof Age 8 Years or LessOther

Interior Features

Appliances RangeRefrigerator Basement FullStorage SpaceUnfinished Cooling Window Unit(s) Heating Hot Water Refrigerator Num Four

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending No Contingency None Current Use ResidentialRetailVacant Expenses 20060.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Gross Income 48145 Inclusions BuildingLeases Insurance Expense 2537 Land Lease YN No Lender Owned No Maintenance Expense 1330 Other Expense 4848 Owner Pays FuelGasInsuranceRepairsSewerTrash Collection Postal City Montevideo Potential Short Sale No Property Sub Type Mixed Use Rental License YN No Sewer City Sewer/Connected Tax Annual Amount 2854 Tax With Assessments 2998.0000 Tax Year 2023 Tenant Pays Electricity Utilities Electric SeparateHeating CommonHot Water Separate Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Kuhlmann Real Estate, Inc.: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Keller Williams Preferred Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2025-02-15T10:22:34.38.

Click here for Digital Millennium Copyright Act
 
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Keller Williams Preferred Realty
14300 Nicollet Ct., Suite #208
Burnsville MN, 55306
NorthstarMLS] logo Listing courtesy of Kuhlmann Real Estate, Inc..