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Property profile & analytics

305 1st St Montevideo, MN 56265-1405

  • Commercial real estate
  • 0.09 lot acres
OFF-MARKET
Last Sale
Jun 09, 2025
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US46-1866444
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Inn Like Flinn / Bar

Property Details for 305 1st St

Lot size
0.09 lot acres
Property type
Commercial real estate
APN
70-375-1640
APU
703751640

Description

This exceptional mixed-use property, located at 305 N 1st Street in Montevideo, Minnesota, presents a compelling investment opportunity. The building boasts a substantial 7,840 square feet of space, thoughtfully divided into two levels. The main level, offering 3,920 square feet, presents significant flexibility. It could easily accommodate a single business or be subdivided into two separate commercial units, each with its own entrance, maximizing rental income potential. Upstairs, four apartments, each approximately 980 square feet, generate consistent rental income. Recent upgrades significantly enhance the property's value and efficiency. These include a three-year-old roof with added insulation for superior energy performance, and the installation of new thermopane windows, improving both energy efficiency and curb appeal. The electrical systems have also undergone significant improvements. All four apartments were rewired 15 years ago, and two main electrical boxes have been updated to current standards. The building's exterior showcases a blend of modern and classic aesthetics. The front features attractive white ceramic brick, while the rear was completely renovated in 2023 following an insurance claim, ensuring a fresh and well-maintained appearance. Situated on a 0.13-acre lot, this property offers a prime location in downtown Montevideo, providing excellent visibility and accessibility. The combination of commercial and residential income streams makes this a truly unique and attractive investment opportunity. The asking price is $200,000.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Montevideo
County
Chippewa
State
Minnesota
Longitude
-95.7253
Latitude
44.9475

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,998
$8,300
$132,200
$140,500
-
$8,300
$132,200
$140,500
More about this property
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