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Historic Office Building
For Sale
$58,000

109 N 1st St, Montevideo, MN 56265

Three-level commercial building with finished main-floor offices, additional lower-level space, and a second floor requiring renovation.

Property Size4,000 SF
Price / SF$14.50
Days on Market42

Property Features for 109 N 1st St

General Information

Standard status Active
Size 4,000 SF

Property Condition

Severity Repairs Needed
Evidence needs attention

Building Details

Year Built 1895
Buildings 1
Listing Agency: Kuhlmann Real Estate, Inc.
Listed By: Terri Emery
Source: Homesminn
Added: Jul 20 Changed: Aug 30 Last Checked: Aug 30 at 7:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kuhlmann Real Estate, Inc.

Investment Insights

Based on property information with market context.

Built in 1895, the historic Fosnes building is a three-level office property with approximately 4,000 square feet. The main floor includes two finished offices and is ready for continued office use. The lower level has a separate entry and offers space for additional offices or another business. It may also have prior garage use and steel reinforcement, although those details are not confirmed.

The second floor was historically configured as a dental office and currently requires attention and renovation. New LED lighting was installed throughout the building in 2025. The property is located at 109 N 1st St in Montevideo, Minnesota, on Main Street.

Key Highlights

  • Approximately 4,000 square feet across three levels
  • Built in 1895 with historic character
  • Two finished offices on the main floor

Property Analytics

Current Use

96.7 KRAM Radio Station Groothuis Accounting Tax Preparation

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Pharmacy Parking Lot & Garage Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby

Demographics for 56265, MN

7,634
Population
3,398
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
264.0 sq mi
ZIP Area
29
Density / Sq Mi
$72,564
Median Household Income
$39,888
Median Earnings
$835
Median Rent
$159,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-level commercial building with finished main-floor offices, additional lower-level space, and a second floor requiring renovation.
Where is this office building located?
The property is located at 109 N 1st St Montevideo, MN.
What is the asking price?
The asking price for this property is $58,000.
What are key features of this property?
This property features: Approximately 4,000 square feet across three levels; Built in 1895 with historic character; Two finished offices on the main floor
More about this property
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