116 1st ST S, Montgomery, MN 56069 - 6687864

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Apr

Sun

Apr

Mon

Apr

Jamie Albertsen

jamie@pedersonrealty.com +1(507) 581-7094

$699,000

Est. payment - /mo

6,534 Sqft Lot

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision City Of Montgomery

MLS Listing ID 6687864

Year Built 1898

Annual Tax Amount $5,646

Tax Year 2024

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 50x134

Property Sub-Type Mixed Use

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.

Location

State MN

County Le Sueur

Zoning Business/Commercial,Residential-Single Family

Rooms

Family Room Other

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Land

Fireplace No

Appliance Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Water Softener Owned

Exterior

Parking Features Detached

Garage Spaces 2.0

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Rubber

Present Use Bed & Breakfast,Event Space,Residential,Retail

Building

Story Three Or More

Foundation 3515

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick/Stone

Schools

School District Tri-City United

Others

Virtual Tour https://tours.spacecrafting.com/n-qh4w43

Read Less Info

Listed by John Canny • RE/MAX Advantage Plus

Get More Information

Jamie Albertsen

+1(507) 581-7094

116 1st ST S Montgomery, MN 56069

Jamie Albertsen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Get More Information

Quick Search