116 1st ST S, Montgomery, MN 56069 - MLS#6687864 - Marc Hedlund

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Marc Hedlund

marc@iheartexit.com +1(701) 730-4440

$699,000

Est. payment - /mo

6 Beds

7 Baths

6,534 SqFt

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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 6,534 sqft

Price per Sqft $106

Subdivision City Of Montgomery

MLS Listing ID 6687864

Bedrooms 6

Year Built 1898

Annual Tax Amount $5,736

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 50x134

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

Community City Of Montgomery

Direction From Minneapolis take 35W south to exit 66. Go west on Millersburg Blvd, right on Independence Avenue and then left on 100th Street W, continuing on Lexington Avenue/Mill Avenue. Turn left on 5th Street, right on Blvd Ave and left on 1st Street. Building will be on your right.

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central

Window Features Blinds

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Rubber

Accessibility Accessible Elevator Installed, Hallways 42\"+

Porch Composite Decking

Total Parking Spaces 2

Building

Water City Water/Connected

Others

Senior Community No

Tax ID 224701070

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Listed by RE/MAX Advantage Plus

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Marc Hedlund

+1(701) 730-4440

Broker | License ID: 40339406

Broker License ID: 40339406

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116 1st ST S Montgomery, MN 56069

Marc Hedlund

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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