589 1st St, Montevideo, MN 56265-2105
This exceptional commercial property, located at 589 SW 1st Street in Montevideo, Minnesota, presents a unique investment opportunity. The 0.35-acre lot sits on a busy intersection, ensuring high visibility and accessibility for any business. Currently operating as a quick-serve coffee shop, the 15,254 square foot building offers versatile space suitable for a variety of commercial uses, including restaurant, retail, or mixed-use development. The asking price is $120,000, translating to a price per square foot of $7.87. The property is offered as a single tenancy with a gross lease type. The legal description is 589 1st St., LLC, and the parcel ID is 70-818-3225. This prime location in Chippewa County, Minnesota (zip code 56265), offers significant potential for growth and return on investment. The property's strategic positioning at a busy intersection in Montevideo makes it an ideal location for a thriving business. The existing structure provides a solid foundation for immediate occupancy or redevelopment, catering to a wide range of commercial ventures. This is a rare opportunity to acquire a substantial commercial property in a desirable location at an attractive price point. Don't miss out on this chance to own a piece of Montevideo's vibrant commercial landscape.
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Cup a Joe Cafe & Coffee Shop
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.