Property profile

589 1st St Montevideo, MN 56265

OFF-MARKET
Commercial real estate
Property ID
US46-1695483
0.36 ac lot
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.36 ac (15,682 SF)
APN 70-818-3225
UPID US46-1695483

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

589 1st St Montevideo, MN 56265-2105
Montevideo metro Census 950601
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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