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    OFF-MARKET
    Office buildings

    1260 Hwy 25th S, Monticello, MN 55362-8921

    8,163 SF 0.95 ac lot Built 1952
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US46-0775964
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1952
    Construction WOOD
    Total area 8,163 SF
    Lot 0.95 ac (41,208 SF)
    APN 155-032-001040
    UPID US46-0775964
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Joel L Erickson · 5 yrs held
    Joel L Erickson
    since 2020
    Last sale
    $360,000
    7 recorded transactions
    2024
    2020
    $500
    2020
    $360,000
    2013
    2013
    2013
    $360,000
    2011
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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