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    111 Thomas Park Dr Monticello, MN 55362

    Sponsored
    For Sale
    $750,000

    Versatile industrial/commercial space with high potential.

    Property size:
    3,150 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 3,150 square foot mixed-use building presents a unique opportunity for entrepreneurs in Monticello, MN. Situated on a 0.69-acre lot, this property offers remarkable flexibility for a variety of commercial or industrial uses. The main level boasts a welcoming two-story entry, a breakroom/common area, a half-bathroom, ample storage, and three spacious offices. Upstairs, you'll find four additional offices, more storage, and a three-quarter bathroom. The rear of the building features a large, open bay area measuring 29' x 54' x 16' high, perfect for warehousing or manufacturing, complete with a 14' x 14' overhead door. Adjacent to the bay is a 13' x 29' flex space or storage area, and a 13' x 19' mezzanine for added capacity. The generous lot size allows for future expansion of the building or the creation of a secure fenced storage area. Existing office furniture and equipment are negotiable and may remain with the property. This property is priced at $750,000 and offers an unparalleled opportunity to establish or expand your business in a thriving community. Detailed specifications are available in supplemental documents.

    Property Features for 111 Thomas Park Dr

    General Information

    Property type
    Investment properties
    Square Feet
    3,150 SF
    Lot Size
    30,056 SF

    Building Details

    Year Built
    1996
    Location Intelligence

    Current Use by Public Records

    Diversified Utility Sales ... Safety Equipment Supplier Microwave Utilities, Inc. Asphalt Contractor Decmar Inc Business Management Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.79317
    Latitude
    45.29601

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    FAQs

    What type of property is this?
    Investment property - Versatile industrial/commercial space with high potential.
    Where is this investment property located?
    The property is located at 111 Thomas Park Dr Monticello, MN.
    What is the asking price?
    The asking price for this property is $750,000.
    (763) 295-3456
    Request Owner's contact information
    111 Thomas Park Dr 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
    111 Thomas Park Dr Monticello, MN 55362
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