For Sale: Monticello MLS# 6738038
Active Contingent
Foreclosure
$570,000
Commercial: Apartments
Built 1910
0.09 acres
Monticello schools
MLS# 6738038
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Property Description
Dream of owning your restaurant? Here is your opportunity. Well established restaurant in downtown Monticello! 3 fully rented apartments above the restaurant for that supplemental income. Renters pay their own utilities. Patio to enjoy outside lunch with friends. Check it out today!
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$570,000
Property Type:
Commercial
City:
Monticello
Garage Spaces:
0
County:
Wright
Year Built:
1910
State:
MN
Property Style:
Apartments
Zip Code:
55362
Subdivision Name:
Original Monticello
Interior
Ceiling Height:
Less Than 8 Feet
Ranges:
One
Refrigerators:
Six or More
Appliances Included:
- Cooktop
- Dishwasher
- Electric Water Heater
- Freezer
- Microwave
- Range
- Refrigerator
Basement Details:
Concrete
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
4
Air Conditioning:
Central Air, Window Unit(s)
Foundation Size:
2,200 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Off Site
- Parking Lot
Shared Amenities:
- Coin-op Laundry Owned
- Other
Unit Amenities:
Natural Woodwork
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.09
Geolocation:
45.305784, -93.795669
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Leases
Lot Dimensions:
25 x 165
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
882
District Phone:
763-272-2000
Expenses
Annual Caretaker Expense:
None
Tenant Expenses:
Cable TV, Electricity, Fuel, Insurance
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,260
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,260
Income
Annual Gross Income:
$69,360
Units
Total Units:
3
Miscellaneous
Current Use:
- Residential
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Integrity NW.
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.