305 N 1st Street, Montevideo, MN 56265 (MLS # 6514647)

Price $200,000
Status Active
Size 7,840 sqft
Lot Size 5,663 sqft
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.
Property Type(s): Commercial
Year Built 1885 County Chippewa

SCHOOLS

School District Montevideo

Price History

Prior to Aug 16, '24 $250,000
Aug 16, '24 - Today $200,000

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Range, Refrigerator
BASEMENT Full, Storage Space, Unfinished, Yes
CONSTRUCTION Brick Veneer
HEAT Hot Water, Natural Gas
LOT 5663 sq ft
LOT DIMENSIONS 49x120
PARKING On Street
SEWER Public Sewer
STORIES 2
TAXES 2854
WATER Public
ZONING Business/Commercial
Listed with Kuhlmann Real Estate, Inc.
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