101 S 1st St - Office/Residential FOR SALE


Montevideo, MN 56265
$885,000 USD
651-270-1075
101 S 1st St, Montevideo, MN for Sale
$885,000 USD
Office/Residential - FOR SALE
1/19
null | Request Cap Rate

101 S 1st St
Montevideo, MN 56265


HIGHLIGHTS

  • Flexible Floorplan
  • Multiple Use Anticipated
  • Welcoming City Government

OVERVIEW

This former bank is located in the heart of Downtown Montevideo. Currently vacant and open to single or multiple office tenants, or for a total repurpose and possible redevelopment to multi-housing, senior-housing, or other residential use. The City of Montevideo has indicated a favorable reception to different use scenarios. This redevelopment opportunity offers an investor a chance to obtain a solid investment property at a very reasonable price of $34 PSF.

FOR SALE DETAILS

PRICE

$885,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Commercial Downtown

APN/PARCEL ID

70-818-1225

ASK ABOUT THIS PROPERTY

Michael AhleseXp CommercialMore Info
651-270-1075

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Michael AhleseXp CommercialMore Info
651-270-1075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.