305 N 1st ST, Montevideo, MN 56265 - MLS#6514647

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Brandon Anderson

brandon@brandonanderson.com +1(612) 490-0638

$200,000

Est. payment - /mo

5,662 Sqft Lot

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UPDATED:

08/16/2024 07:02 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6514647

Year Built 1885

Annual Tax Amount $2,854

Tax Year 2023

Contingent None

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 49x120

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.

Location

State MN

County Chippewa

Zoning Business/Commercial

Rooms

Basement Full, Storage Space, Unfinished

Interior

Heating Hot Water

Cooling Window Unit(s)

Inclusions Building, Leases

Fireplace No

Appliance Range, Refrigerator

Exterior

Garage On-Street Parking Only

Utilities Available Electric Separate, Heating Common, Hot Water Separate

Roof Type Age 8 Years or Less,Other

Present Use Residential,Retail,Vacant

Parking Type On-Street Parking Only

Building

Story Two

Foundation 3920

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick Veneer

Schools

School District Montevideo

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Listed by Bruce Vien • Kuhlmann Real Estate, Inc.

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Brandon Anderson

+1(612) 490-0638

Agent | License ID: 40180683

Agent License ID: 40180683