1806 Lincoln Ave Montevideo, MN 56265
- Commercial real estate
- 5,800 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1806 Lincoln Ave
- Year built
- 1980
- Property size
- 5,800 SF
- Property type
- Commercial real estate
Description
This 5,800 square foot, Class D apartment building in Montevideo, Minnesota, presents a unique investment opportunity. Built in 1980, the property sits on a 25,216 square foot lot and is priced at $499,000 ($86.03/sq ft). Currently configured as a former group home, the building features ten bedrooms, two full kitchens, two living rooms, and four bathrooms. Each wing boasts five bedrooms, and the common areas include carpeted gathering rooms with fireplaces and built-in features. An on-site office adds to the functionality. The property includes a common laundry area with machines, a fenced area with raised garden beds, and some common area furniture is included in the sale. The interior features vinyl, plank, and carpet flooring throughout. Restrooms have supplemental heat, and there's a step-in soaking tub and a handicap-accessible one-piece walk-in shower enclosure. The building is equipped with a fire sprinkler system for enhanced safety. Its adaptable layout makes it suitable for various uses, including a group home or shared living arrangement. This property offers significant potential for a savvy investor seeking a multifamily asset in a desirable Minnesota location. The address is 1806 Lincoln Ave, Montevideo, MN 56265.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montevideo
- County
- Chippewa
- State
- Minnesota
- Longitude
- -95.7046728
- Latitude
- 44.9467742
