Two-Bay Auto Service
743 E Broadway Street, Monticello, MN 55362
For Sale
$495,000
The sale includes the operating business, equipment, vehicles, and service-related assets alongside the commercial property.
Property Size1,456 SF
Price / SF$339.97
Days on Market181
Property Features for 743 E Broadway Street
General Information
Standard status
Size
Property subtype
Zoning
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Amenities
office space
front reception area
updated exterior
roof
furnace
A/C
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Edina Realty, Inc.
(763) 295-3456
Listed By:
Knutson/McAlpin Team
(612) 669-6324
Source:
Artandersonrealty
Added: May 13
Changed: Nov 7
Last Checked: Nov 8 at 4:24PM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
At 1,456 square feet, this auto service property has two service bays, office space, and a customer reception area. The 1955 building has an updated exterior, roof, furnace, and air conditioning. The sale also includes the operating business, tools, vehicles, equipment, and other business assets.
The property occupies a corner parcel in downtown Monticello at 743 E Broadway Street. Business/Commercial zoning applies, and parking is available for customers and inventory.
The property occupies a corner parcel in downtown Monticello at 743 E Broadway Street. Business/Commercial zoning applies, and parking is available for customers and inventory.
Key Highlights
- Two service bays in a 1,456‑square‑foot auto shop
- Sale includes the operating business, tools, vehicles, equipment, and other business assets
- Office space and a customer reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,535
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,700
$350.7K
Cap Rate 7%
$250,500
$250.5K
Cap Rate 9%
$194,833
$194.8K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$27.1K $18.60/SF
− Vacancy
−$2.0K −$1.40/SF
EGI
$25.1K $17.21/SF
− OpEx
−$7.5K −$5.16/SF
NOI
$17.5K $12.04/SF
Area
Wright County, MN
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,700
Cap Rate 7%
$250,500
Cap Rate 9%
$194,833
Alternative Uses
Best Use
Retail
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 3.54%
Second Best
Industrial
$226.0K
$197.7K – $263.6K
NOI $15,818 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$347.4K
$304.0K – $405.3K
NOI $24,316 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55362, MN
20,476
Population
7,589
Households
2.7
Avg Household Size
36
Median Age
26%
College-Educated
91%
High-School Grad
65.3 sq mi
ZIP Area
314
Density / Sq Mi
$92,870
Median Household Income
$48,029
Median Earnings
$1,458
Median Rent
$324,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Perf-form — 1236 edmonson ave ne, monticello, mn 55362
- Tire Service Eq Manufacturing Co — 201 Chelsea Rd, Monticello, MN 55362
- Monticello Windshield Replacement — 119 thomas park dr, monticello, mn 55362
- Theisens Mobile Mechanic L.L.C. — 1234 any st, Monticello, MN 55362
- Ian’s auto paint — 700 3rd St E, Monticello, MN 55362
Frequently Asked Questions
What type of property is this?
Auto shop - The sale includes the operating business, equipment, vehicles, and service-related assets alongside the commercial property.
Where is this auto shop located?
The property is located at 743 E Broadway Street Monticello, MN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two service bays in a 1,456‑square‑foot auto shop; Sale includes the operating business, tools, vehicles, equipment, and other business assets; Office space and a customer reception area
