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    7035 Highway 7 Montevideo, MN 56265

    Sponsored
    For Sale
    $325,000

    Newly remodeled, 4,400 sq ft, 2.99 acres, Hwy 7 frontage.

    Property size:
    4,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 4,400 square foot industrial building, situated on a 2.99-acre lot with prime Highway 7/59 frontage in Montevideo, Minnesota, presents a unique business opportunity. The property boasts a newly remodeled interior, featuring a 11x29 front lobby and reception area, a 15x8 private executive office, a spacious 39x37 open work center, an 8x4 IT room, a 6x8 bathroom, and an 11x8 breakroom. Two expansive shops, each measuring 39x37 feet and 39x32 feet respectively, are fully finished with steel-framed vaulted ceilings, floor drains, ceiling fans, updated lighting, numerous outlets, cement floors, and 12-foot overhead doors. A brand new overhead heater, installed by a licensed HVAC professional, has been recently added. While a furnace inspection has been completed, the solar functionality is not warranted by the current owner. The building is also equipped for three-phase electricity. Further enhancing its potential, an additional 2-acre open lot to the south offers significant expansion possibilities for existing or new ventures. This standalone property, located on a busy highway with excellent accessibility, represents a rare and highly desirable opportunity for business growth and development. The property has a long history of successful operation under the same ownership for over 40 years.

    Property Features for 7035 Highway 7

    General Information

    Property type
    Investment properties
    Square Feet
    4,400 SF
    Lot Size
    130,244 SF

    Building Details

    Year Built
    1950
    Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montevideo
    County
    Chippewa
    State
    Minnesota
    Longitude
    -95.74231
    Latitude
    44.94848

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    FAQs

    What type of property is this?
    Investment property - Newly remodeled, 4,400 sq ft, 2.99 acres, Hwy 7 frontage.
    Where is this investment property located?
    The property is located at 7035 Highway 7 Montevideo, MN.
    What is the asking price?
    The asking price for this property is $325,000.
    (320) 815-0460
    Request Owner's contact information
    7035 Highway 7 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
    7035 Highway 7 Montevideo, MN 56265
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