731 Broadway St Monticello, MN 55362
- Office buildings
- 1,140 SF
- 0.25 lot acres
Current Use by Public Records
- Michele Hanson Agency LLC American Family Insurance / Insurance Agency
- American Family Insurance / Insurance Agency / Auto Insurance Agency
Property Details for 731 Broadway St
- Year built
- 1970
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.25 lot acres
- Property size
- 1,140 SF
- Property type
- Office buildings
- APN
- 155-015-001132
- APU
- 155015001132
Description
This exceptional commercial property, located at 731 E Broadway Street in Monticello, Minnesota, presents a compelling investment opportunity. The building encompasses 1,140 square feet and sits on a conveniently sized 0.25-acre lot. Its strategic location in Monticello offers excellent visibility and accessibility for businesses. Currently, the building is fully leased, providing immediate and consistent rental income. This translates to a stable investment with potential for future appreciation. The property's size is ideal for a variety of commercial uses, making it a versatile option for discerning investors. The building's current lease status ensures a steady cash flow stream, minimizing vacancy risks. Given its prime location and existing lease, this property represents a strong investment opportunity in the thriving Monticello market. The 1,140 square feet of space offers ample room for a range of commercial ventures. The 0.25-acre lot provides sufficient space for parking and potential future expansion. Serious inquiries are encouraged to explore this promising investment further. Detailed financial information and lease terms are available upon request. Don't miss this chance to acquire a well-situated, income-generating commercial property in a desirable Minnesota location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $200,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $220,000
- Mixed-Use
- $210,000
- Hospitality
- $210,000
- Educational
- $195,000
- Residential Income
- $200,000
- Energy
- $205,000
- Income-Based Land
- $265,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Wright
- State
- Minnesota
- Longitude
- -93.7841
- Latitude
- 45.3027
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
