For Sale: Montgomery MLS# 6687864
Active
$850,000
Commercial: Apartments/Retail
Built 1898
0.15 acres
Tri-City United schools
MLS# 6687864
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Property Description
Nearly 10, 000sf building on the thoroughfare of 1st Street in Montgomery has been meticulously renovated throughout. The property has a 3500sf main level retail/commercial space with two separate front entrances. This level features original tin ceiling tiles, 14-ft ceilings, laminate flooring and contains a conference/classroom w/ full kitchen, multiple restrooms and an elevator that serves all floors of the building. The layout and rooms of the main floor would allow for easy configuration of two separate commercial spaces with minimal buildout. The second and third floors of the property were renovated in 2018 to create a stunning 5000+sf residence w/ 5bdrms and 4 baths that could be used as a condo-style primary residence, VRBO or event space. The thoughtful renovation kept many original architectural details with new finishes of the highest-level including quartz counters, wood and enameled cabinets in the kitchen, stainless steel appliances including a commercial refrigerator, wood floors and incredible maple built-ins, bathroom vanities and doors throughout. In 2021 a detached garage w/ a one-bedroom apartment above was added to the property. The apartment has a gas fireplace, full bath, complete kitchen, in-unit laundry and its own private entrance. The apartment is connected to the main floor of the residence via a large maintenance-free deck. The garage is sheet rocked with a gas heater, a floor drain and an epoxy floor. With multiple options for income and in particular because the renovations were completed at such a high level, this property is an incredible opportunity with many possibilities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$850,000
Property Type:
Commercial
City:
Montgomery
Garage Spaces:
2
County:
Le Sueur
Year Built:
1898
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56069
Subdivision Name:
City Of Montgomery
Interior
Ceiling Height:
Varied Heights
Ranges:
Three
Refrigerators:
Three
Appliances Included:
- Dishwasher
- Exhaust Fan
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Wall Oven
- Water Softener Owned
Basement Details:
Crawl Space
Exterior
Garage Spaces:
2
Garage Dimensions:
31x29
Garage Size:
822 ft2
Other Parking Spaces:
2
Air Conditioning:
Central Air
Foundation Size:
3,515 ft2
Handicap Accessible:
Accessible Elevator Installed, Hallways 42"+
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached
Shared Amenities:
- Deck
- Elevator(s)
Unit Amenities:
- Ceiling Fan(s)
- Deck
- French Doors
- Hardwood Floors
- Kitchen Center Island
- Natural Woodwork
- Paneled Doors
- Primary Bedroom Walk-In Closet
- Vaulted Ceiling(s)
- Washer/Dryer Hookup
- Wet Bar
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Rubber
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.15
Geolocation:
44.438164, -93.581514
Inclusions:
Building, Land
Lot Dimensions:
50 x 134
Zoning:
- Business/Commercial
- Residential-Single Family
Farm
Topography:
Level
Schools
School District:
2905
District Phone:
507-364-8100
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,646
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,736
Units
Total Units:
3
Miscellaneous
Current Use:
- Bed & Breakfast
- Event Space
- Residential
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.