110 1st St S
Montgomery, MN 56069

Description

Great Investment Opportunity in lovely Montgomery, MN - 45 minutes from Twin Cities - Mixed Use Property - Multifamily / Retail / Office - Operating Laundromat currently bringing in over $30,000 in annual income. Value for equipment alone is estimated at over $80,000. Two two-bedroom apartments on main floor, 1,000sf vacant retail space (Video rental inventory and equipment included, estimated value of $20,000). Basement space currently vacant, but could be rented as office space. Huge upside potential. Vacant lot also included in sale next door (Convert to parking lot, or add on to existing building). Contact city for business loan/grant opportunities.

Details

MLS#5147778
Sub-TypeResale
StatusActive
Year1915
Days On Site116

Features

SQ Feet5,500
Story(s)1
Units2
ZoningBusiness/Commercial

Market Activity 56069

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Area Information

StateMN
CountyLe Sueur
CityMontgomery
Zip Code56069
AreaMontgomery (MN)
Listing VS Median (in 56069)
Price:
$295,000
low | high
Med:
$69,900
100% of Average
SqFt:
5,500
low | high
Med:
0
100% of Average
$ / SqFt:
$54
low | high
Med:
$0
100% of Average
On Site:
116
low | high
Med:
711
16.315049226442% of Average
Listing Updated: 07/22/2019
MLS Number: 5147778
Listing Provided By:
Steve Gerten  of  eXp Realty
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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