586 1st St, Montevideo, MN 56265-2106
This fee-simple property offers a 3,300 square foot vacant Quick Service Restaurant (QSR) building situated on a 1.88-acre lot in Montevideo, Minnesota. Previously occupied by a Burger King, the building is available for immediate possession following the tenant's departure in Spring 2023. Located at 586 South West 1st Street, the property benefits from a highly visible location at the signalized intersection of Highways 212 and 59, ensuring excellent exposure to high traffic volume. The building was constructed in 1997 and is zoned B2 - Highway Commercial District, providing flexibility for a variety of QSR or restaurant uses. The ample lot size presents significant potential for expansion or redevelopment. This is a rare opportunity to acquire a well-located, established QSR property in a thriving Minnesota market. The asking price is $250,000. Note that provided photos are representative of the property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.