Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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