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    416 N 1St St Montevideo, MN 56265

    For Sale
    Contact for pricing

    Commercial - Montevideo, MN

    Lot size:
    0.28 Acres
    Days on Market:
    209
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 416 N 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    703751470
    Parking features
    Driveway, Parking Lot, Paved or Surfaced
    Exterior features
    Brick/Stone
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Flooring type
    Carpet
    Building materials
    Brick
    Architectural style
    Other

    Weichert,Realtors-Tower Properties (218) 825-7787 [email protected]

    Listing agent Joleen Marczak (218) 825-7787

    Listing date May 20, 2025

    MLS# 6632579 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Montevideo Office Building

    Located in Montevideo's historical downtown, this 3,500 square foot office building has three rooms, each approximately 200 square feet, available for lease. A tenant or business can rent one or all three rooms. All utilities, including gas, electric, water, trash, and non-secure internet, are included in the cost of rent. Each office features new, freshly painted walls, updated lighting, and carpet flooring. Tenants will share a common waiting area and have access to two bathrooms. Rent is determined by the number of rooms rented and the lease term, with a minimum lease term of one year. The property is zoned for business and commercial use and is situated on a lot of 0.283 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montevideo
    County
    Chippewa
    State
    Minnesota
    Longitude
    -95.724949
    Latitude
    44.948847

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    FAQs

    What type of property is this?
    Office space - 3500 SF office building in Montevideo's historical downtown.
    Where is this office space located?
    The property is located at 416 N 1St St Montevideo, MN.
    What is the asking price?
    The asking price for this property is $325.
    What are key features of this property?
    This property features: - Flexible office space: Rent one, two, or all three available rooms.; - All utilities included (gas, electric, water, trash, non-secure internet).; - Newly renovated office spaces with fresh paint, updated lighting, and carpet.
    (218) 825-7787
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    416 N 1St St Montevideo, MN 56265
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    Montevideo, MN 56265
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    416 N 1St St Montevideo, MN 56265
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