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    1501 Broadway St Monticello, MN 55362

    For Sale
    $599,000

    High-traffic 3-acre lot, prime location.

    Property size:
    2,459 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 3.11-acre commercial lot presents a rare investment opportunity in the thriving city of Monticello, Minnesota. Strategically located on East Broadway Street, this property boasts unparalleled visibility and accessibility due to its proximity to major roadways, retail centers, and numerous community amenities. The high-traffic area ensures consistent exposure for any commercial venture. Zoned for commercial use, the possibilities are vast, encompassing retail establishments, office spaces, restaurants, or service-oriented businesses. The property's excellent infrastructure includes readily available utilities, simplifying development and operational processes. Easy access to major highways facilitates both regional and local connectivity, enhancing logistical efficiency. Monticello's steady population growth and vibrant community atmosphere create a strong foundation for sustained success. With its ideal blend of size, location, and potential, this 2,459 square foot lot offers a unique chance to capitalize on Monticello's flourishing market. Don't miss this chance to secure a prominent position in a dynamic and growing community.

    Property Features for 1501 Broadway St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,459 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1967
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.7729
    Latitude
    45.29598

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic 3-acre lot, prime location.
    Where is this commercial real estate located?
    The property is located at 1501 Broadway St Monticello, MN.
    What is the asking price?
    The asking price for this property is $599,000.
    (763) 292-4455
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    1501 Broadway St 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
    1501 Broadway St Monticello, MN 55362
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