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Updated Multi-Story Office Building
For Sale
$89,000

117 S 1st St, Montevideo, MN 56265

Well-maintained 1910 brick building with flexible office layout, central A/C, natural gas forced-air heat, and on-street parking.

Property Size4,608 SF
Price / SF$19.31
Days on Market59

Property Features for 117 S 1st St

General Information

Standard status Active
Size 4,608 SF

Taxes and HOA fees

Annual Taxes $1,314

Building Details

Year Built 1910
Year Renovated 2025
Stories 3
Listing Agency: Kuhlmann Real Estate, Inc.
Listed By: Bruce D Vien
Source: Exprealty
Added: Jun 30 Changed: Aug 21 Last Checked: Aug 26 at 12:54PM

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.

This well-maintained 1910 brick commercial building offers approximately 4,608 sq ft across three levels and features a flexible layout that can support multiple business uses. Improvements include new LED lighting on all three levels in 2025. Additional recent work includes a new roof completed in 2023; remodeled kitchen and back room on the upper level; a fully remodeled main-floor bathroom, kitchenette, and storage area in 2022; and bathroom updates on the upper level in 2020. The main-floor bathroom, heating and cooling, and updated interior finishes are supported by central A/C and natural gas forced-air heat, with city water and sewer. The property also includes a solar subscription enrolled through Cooperative Energy Futures.

Currently used as office space, the layout and zoning allow for multiple commercial possibilities. It is located in the heart of downtown Montevideo with excellent visibility and easy access, and the property offers on-street parking.

Key Highlights

  • 1910 brick commercial building with 4,608 SF across three levels and a flexible layout for multiple business uses
  • Central A/C plus natural gas forced‑air heat, with city water and sewer
  • 2025: all‑new LED lighting installed on all three levels

Property Analytics

Current Use

CURE Environmental Consultant Midwest Vision Centers ... Eye Care Center Shopko Optical Eye Care Center

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 - Well-maintained 1910 brick building with flexible office layout, central A/C, natural gas forced-air heat, and on-street parking.
Where is this office building located?
The property is located at 117 S 1st St Montevideo, MN.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: 1910 brick commercial building with 4,608 SF across three levels and a flexible layout for multiple business uses; Central A/C plus natural gas forced‑air heat, with city water and sewer; 2025: all‑new LED lighting installed on all three levels
More about this property
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