1260 Highway 25 Monticello, MN 55362
- Office buildings
- 8,163 SF
- 0.95 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1260 Highway 25
- Year built
- 1952
- Construction
- WOOD
- Lot size
- 0.95 lot acres
- Property size
- 8,163 SF
- Property type
- Office buildings
- APN
- 155-032-001040
- APU
- 155032001040
Description
This exceptional commercial property, located at 1260 Highway 25 S in Monticello, MN, boasts 8,500 square feet on a 0.95-acre lot. Benefitting from prime highway frontage with dual entrances (Highway 25 and Cedar Street), the building offers unparalleled visibility and accessibility. The property includes 37 parking spaces, including designated handicapped spots. Currently occupied by a chiropractic/physical therapy practice, a lease-back agreement is a possibility, but not a requirement. The versatile layout is well-suited for a variety of uses, having previously served as a veterinary clinic and boarding facility. Interior features include a full kitchen, four bathrooms, seven treatment rooms, a large central open area, and abundant natural light. High-quality finishes such as granite countertops and ample storage are throughout. The building also features a heated, over 1,000 square foot garage with a car lift and drains. Recent renovations, most notably in 2013, ensure the property is in excellent condition. Additional amenities include a large front desk area, multiple workstations, three-phase power, forced-air and supplemental baseboard heating, and a hardwired security camera system. With 181 feet of Highway 25 frontage and a daily traffic count of 27,406 vehicles, this property presents a unique opportunity for significant business growth. The asking price is $2,349,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $385,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $410,000
- Mixed-Use
- $435,000
- Hospitality
- $325,000
- Educational
- $415,000
- Residential Income
- $320,000
- Energy
- $430,000
- Income-Based Land
- $335,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Wright
- State
- Minnesota
- Longitude
- -93.8019
- Latitude
- 45.2924
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA