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    Montgomery, MN Multifamily Properties for Sale

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    New Prague, MN Le Center, MN Prior Lake, MN
    Historic Hotel with Bar Establishment
    $549,900
    0.16 Acres
    Historic Hotel with Bar Establishment

    222 1st Street S, Montgomery, MN 56069

    Turn-key hotel with bar, restaurant, and rental rooms.
    • Turn‑key bar establishment with on & off sale license.
    • Former restaurant space suitable for a chef‑owned business or event center.
    • Second story includes a 1‑bedroom apartment and multiple hotel rooms for rent.
    • Prime downtown location on an airy corner lot.
    • Significant expansion potential with bonus space on the third story and a full basement.
    Updated: Mar 19
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Montgomery, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building With Private Office
    $409,900
    0.21 Acres
    Mixed-Use Building With Private Office

    Downtown mixed-use property with an updated office suite and two rental apartments, plus outbuildings for added storage or work space.

    196 Main Street W, Elysian, MN 56028

    View details
    Flex Space with Vacation Rental CUP
    $299,900
    Flex Space with Vacation Rental CUP

    Versatile commercial property with a conditional use permit for vacation rental use and strong highway visibility.

    406 W State Hwy 60, Elysian, MN 56028

    View details
    1BR Duplex with Off-Street Parking
    $159,999
    1,645 SF
    1BR Duplex with Off-Street Parking

    Two separate 1-bedroom, 1-bath units with separate utilities and off-street parking, ideal for owner-occupied income.

    221 Bridge Street, Le Sueur, MN 55148

    View details
    Mixed-Use Building with Leased Retail
    $339,900
    0.09 Acres
    Mixed-Use Building with Leased Retail

    Fully renovated two-unit mixed-use building with leased main-level retail and month-to-month residential upstairs.

    106 N Main Street, Le Sueur, MN 56058

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres
    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131

    View details
    Commercial Land Near Freeway
    $799,000
    9.20 Acres
    Commercial Land Near Freeway

    9 acre commercial property near freeway in Hinckley, Minnesota.

    101 Morris Avenue, Hinckley, MN 55037

    View details
    Aitkin Lots & Land
    Contact for pricing
    0.14 Acres
    Aitkin Lots & Land

    Double lot in Sherwood Forest with shared amenities.

    L 3&4 B3 London Town, Aitkin, MN 56431

    View details
    Land for Multi-Family Housing
    $249,900
    2.16 Acres
    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308

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    Off-Market Properties in Montgomery, MN

    Consider similar Off-Market properties in Montgomery, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    714 Ml NE Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 12.62 Acres
    Value Estimation by Request

    714 Ml NE Ave, Montgomery, MN 56069-4506

    View details

    Montgomery, MN Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Montgomery, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $549,900.

    Sale prices for multifamily properties in Montgomery, MN start at $549,900, averaging $549,900, and reaching up to $549,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 1

    Demographics Overview

    Population 4,948
    Population Growth (5Y) +7.0%
    Median Household Income $81,919
    College Educated 26.1%

    High-Yield Neighborhoods for Investment

    Identify Montgomery submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56069 $549.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.53%
    Property Tax per SF $26.01 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

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