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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    586 1st St, Montevideo, MN 56265-2106

    1.45 ac lot
    Entity Owned Free & Clear
    Property ID
    US46-1866262
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.45 ac (63,162 SF)
    APN 70-818-3183
    UPID US46-1866262
    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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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kas-mikha Capital LLC
    Kas-mikha Capital LLC
    since 2025
    3 recorded transactions
    2025
    2017
    $1.3M
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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