116 1st ST S Active Save Request In-Person Tour Request Virtual Tour
Montgomery,MN 56069
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
Lot Size 6,534 Sqft
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
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building,Land
Exterior
Parking Features Detached
Garage Spaces 2.0
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Age Over 8 Years,Rubber
Building
Foundation 3515
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Tri-City United
Others
Virtual Tour https://tours.spacecrafting.com/n-qh4w43