305 North 1st Street

Montevideo, MN 56265

$250,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

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...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.
  1. Listed by Kuhlmann Real Estate, Inc.

Property Details for 305 North 1st Street

Zoning Jurisdiction
Business/Commercial

Location

Listing Courtesy of Kuhlmann Real Estate, Inc.
Add your commute
LISTING UPDATED: 04/15/2024 09:18 PM

Property Details for 305 North 1st Street

StatusActive
MLS #6514647
Days on Compass16
Taxes$2,854 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1885
Lot Size0.13 AC / 5,662 SF
CountyChippewa County

Location

Listing Courtesy of Kuhlmann Real Estate, Inc.
Add your commute

Building Information for 305 North 1st Street

Stories-Residences4Year Built1885Lot Size0.13 AC / 5,662 SF

Payment Calculator

$1,602 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$238

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 305 North 1st Street

Summary
Location and General Information
  • City Name: Montevideo
  • County Or Parish: Chippewa
  • County: Chippewa-MN
  • Directions: Located Down Town. The north end of 1st street on the West side of the street.
  • Latitude: 44.947454
  • Longitude: -95.725316
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Montevideo
  • City and Location Text: Montevideo(MN)
  • Postal Code: 56265
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 703751640
  • Tax Annual Amount: $2,854.00
  • Tax Legal Description: ORIGINAL PLAT S 8 FT OF LOT 4 & N 41 FT OF LOT 5 BLOCK P
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 2998.0000
School Information
  • High School District: 129 - Montevideo
  • School District Number: 129
  • School District Phone: 320-269-8833
Property
Lot Information
  • Current Use: Residential, Retail, Vacant
  • Lot Size Area: 0.13
  • Lot Size Dimensions: 49x120
  • Lot Size Units: Acres
  • Possible Use: Office, Professional Service, Retail
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 7840.0
Property and Assessments
  • Age Of Property: 139
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Common, Hot Water Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 3920.0
  • Fuel: Natural Gas
  • Roof: Age 8 Years or Less, Other
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Type: Full, Storage Space, Unfinished
  • Cooling: Window Unit(s)
  • Heating: Hot Water
  • Levels: Two
  • Number of Refrigerator: Four
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit Type Actual Rent: $610.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 1
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit Type Actual Rent: $610.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 2
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit Type Actual Rent: $610.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 0
  • Unit Level: SECND
  • Unit Number: 3
Unit 4
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit Type Actual Rent: $610.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 4

Property History for 305 North 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 305 North 1st Street

Taxable ValueLand$8,300Additions$132,200Total$140,500
Tax Record2022$2,998 ($250 / month)
Home Facts
Lot Size3,920 SqFtStyleMiscellaneous CommercialCountyCHIPPEWAAPN70-375-1640

Schools near 305 North 1st Street

This home is within Montevideo Public School District.
Rating
School
Type
Grades
Distance
Public - 1 to 3
Public - 4 to 7
Public - 8 to 12
Rating
School
Distance
Ramsey Elementary School
Public1 to 3

Montevideo Middle School
Public4 to 7

Montevideo Senior High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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305 North 1st Street is a mixed use property for sale in Montevideo, MN 56265. This property was listed for sale on April 12, 2024 by Kuhlmann Real Estate, Inc., it's currently listed at $250,000. This listing's school district is Montevideo Public School District. Nearby schools include Ramsey Elementary School, Montevideo Middle School and Montevideo Senior High School. 305 North 1st Street is a 0-bed, 0-bath, mixed use property built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kuhlmann Real Estate, Inc.

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 04/15/2024 09:18 PM