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    731 Broadway St Monticello, MN 55362

    Sponsored
    For Sale
    $299,900

    Prime Monticello location, leased commercial building.

    Property size:
    1,140 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 731 E Broadway Street in Monticello, Minnesota, presents a compelling investment opportunity. The building encompasses 1,140 square feet and sits on a conveniently sized 0.25-acre lot. Its strategic location in Monticello offers excellent visibility and accessibility for businesses. Currently, the building is fully leased, providing immediate and consistent rental income. This translates to a stable investment with potential for future appreciation. The property's size is ideal for a variety of commercial uses, making it a versatile option for discerning investors. The building's current lease status ensures a steady cash flow stream, minimizing vacancy risks. Given its prime location and existing lease, this property represents a strong investment opportunity in the thriving Monticello market. The 1,140 square feet of space offers ample room for a range of commercial ventures. The 0.25-acre lot provides sufficient space for parking and potential future expansion. Serious inquiries are encouraged to explore this promising investment further. Detailed financial information and lease terms are available upon request. Don't miss this chance to acquire a well-situated, income-generating commercial property in a desirable Minnesota location.

    Property Features for 731 Broadway St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,140 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Michele Hanson Agency ... Insurance Agency American Family Insurance Insurance Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.78422
    Latitude
    45.30255

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Monticello location, leased commercial building.
    Where is this commercial real estate located?
    The property is located at 731 Broadway St Monticello, MN.
    What is the asking price?
    The asking price for this property is $299,900.
    (763) 682-2400
    Request Owner's contact information
    731 Broadway St Monticello, MN 55362
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    Monticello, MN 55362
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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
    731 Broadway St Monticello, MN 55362
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