216 1st S St Montgomery, MN 56069

This charming, mixed-use commercial building in Montgomery, Minnesota, presents a rare investment opportunity. Located at 216 1st St S, this single-story, 1925-built storefront offers approximately 1,000 square feet of versatile space, currently configured as a salon. The property boasts numerous recent upgrades, including a brand-new furnace and air conditioner installed in 2024, and an updated electrical panel (redone 7 years prior). The existing salon setup meets all state licensing requirements, featuring hard flooring, hair washing stations, a washer and dryer, and a separate, sizable private office. Beyond the finished salon area, ample space is available for expansion or storage. The building's convenient location ensures high visibility and accessibility for customers. Currently occupied by month-to-month tenants, this property offers flexibility for new owners to negotiate leases or pursue alternative business ventures. Its historical significance adds unique character and potential for further development. Priced affordably at $148,000, this property is ideal for entrepreneurs seeking a turn-key operation or investors looking for a strong return. The property is zoned for mixed-use, office, retail, and special purpose.