Property profile

609 Locust St Monticello, MN 55362

OFF-MARKET
Strip malls
Property ID
US46-0413120
10,044 SF 1.16 ac lot Built 2000
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Construction CONCRETE
Total area 10,044 SF
Lot 1.16 ac (50,747 SF)
APN 155-010-007020
UPID US46-0413120

Cap rate & NOI

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

Location

609 Locust St Monticello, MN 55362-8857
Monticello metro Census 100203 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.29M

Owner & transaction history

since 2023
Last sale
$1.4M
6 recorded transactions
2023
$1.4M
2023
Price N/A
2010
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +98.9%
Restaurant $1.0M +84.4%
Medical building $875,000 +56.8%

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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