Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    625 N 6Th St Montevideo, MN 56265

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Highly visible commercial property with redevelopment potential in Montevideo, Minnesota.

    Property size:
    4,271 SF
    Lot size:
    0.60 Acres

    Property Features for 625 N 6Th St

    General Information

    Standard status
    Active
    Zoning
    business/commercial
    Size
    4,271 SF
    Lot size
    0.60 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Andy Kocemba
    Andy Kocemba
    Source: Crexi

    Listing Agency: Calhoun Companies Listing Agent: Andy Kocemba

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Adaptable Commercial Building in Montevideo

    This two-parcel commercial property presents an opportunity to acquire a visible and adaptable site in Montevideo, the county seat of Chippewa County. The property includes a 4,721-square-foot one-story commercial building constructed in 1988. It is situated on a level corner lot of approximately 0.597 acres and features paved parking. The building has public water and sewer, forced-air heat, brick/block construction, a flat rubber roof, and an accessible no-stairs entrance. The property's business/commercial zoning and open layout provide repositioning options for various uses, including a restaurant conversion, office building, retail storefront, service business, sports or recreation concept, auto-related use, or owner-occupied commercial headquarters. The two-parcel configuration offers value for parking, staging, future expansion, or a split-use strategy. This property offers buyers a chance to secure a physical plant with positioning and upside for redevelopment or repositioning.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Montevideo
    County
    Chippewa
    State
    Minnesota
    Longitude
    -95.7194555
    Latitude
    44.951379

    Nearby Similar for Sale

    • $919,900
      0.53 Acres

      Multifamily Property with Historic Charm

      Well-maintained 9-unit multifamily property with historic charm and modern updates.
      215 S 5Th St, Montevideo, MN 56265
      View Details
    • Contact for pricing
      0.28 Acres

      Downtown Montevideo Office Building

      3500 SF office building in Montevideo's historical downtown.
      416 N 1St St, Montevideo, MN 56265
      View Details
    • $499,000

      Residential Income Property in Montevideo

      5,800 SF residential building suitable for shared-living or specialty housing.
      1806 Lincoln Ave, Montevideo, MN 56265
      View Details
    • $325,000
      4,400 SF

      Montevideo Industrial Building For Sale

      Newly remodeled, 4,400 sq ft, 2.99 acres, Hwy 7 frontage.
      7035 Highway 7, Montevideo, MN 56265
      View Details
    • Contact for pricing
      3,584 SF

      Downtown Montevideo Office Space

      Historic building, 6 offices available.
      416 1St St, Montevideo, MN 56265
      View Details
    • Contact for pricing
      8,619 SF

      Montevideo Multifamily Investment Opportunity

      Nine-unit multifamily property in Montevideo's stable rental market.
      215 S 5Th St, Montevideo, MN 56265
      View Details
    • $350,000
      768 SF

      Profitable Greenhouse Business in MN

      Established turnkey operation on 9+ acres.
      135 Highway 7, Montevideo, MN 56265
      View Details
    • $200,000
      4,721 SF

      625 6Th St, Montevideo, MN 56265

      Commercial real estate • 4,721 SF
      625 6Th St, Montevideo, MN 56265
      View Details
    • $250,000
      4,721 SF

      Retail Property in Montevideo, MN

      Retail property available for sale in Montevideo, Minnesota.
      625 N 6Th St, Montevideo, MN 56265
      View Details
    • Contact for pricing
      5,800 SF

      Montevideo Residential Income Property

      5,800 SF residential income property in Montevideo, Minnesota.
      1806 Lincoln Ave, Montevideo, MN 56265
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial property with redevelopment potential in Montevideo, Minnesota.
    Where is this commercial land located?
    The property is located at 625 N 6Th St Montevideo, MN.
    What are key features of this property?
    This property features: - Highly visible, adaptable commercial property in Montevideo.; - Flexible zoning allows for various repositioning options.; - Two-parcel configuration provides value for parking, expansion, or split-use strategy.
    Request Owner's contact information
    625 N 6Th St Montevideo, MN 56265
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    625 N 6Th St
    Montevideo, MN 56265
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    625 N 6Th St Montevideo, MN 56265
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andy Kocemba
    Andy Kocemba
    Real Estate License ID: 40250489
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!